Banc Of California, Inc. · NYSE:BANC
Banc Of California — Merger or Acquisition (September 2022)
8 slides from Banc Of California's merger presentation, Sep 16, 2022
Slide 1: Acquisition of Deepstack Technologies, LLC
Acquisition of Deepstack Technologies, LLC September 15, 2022
Slide 2: Forward Looking Statements
1 Forward Looking Statements This investor presentation may contain forward-looking statements within the meaning of the “Safe-Harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, with respect to the Company’s acquisition of the technology and pay
Slide 3: Overview of Transaction & Deepstack Technologies
2 Overview of Transaction & Deepstack Technologies Provides Banc of California with proprietary payments software solution and entrance into payment processing space for business customers Provides opportunity to offer payment processing services to current Banc of California clients as well as
Slide 4: Current BANC Platform vs BANC + Deepstack payment products
3 Company Needs Current BANC Platform BANC + Deepstack Credit Lines P P Business Loans P P Deposit Accounts P P Treasury Management P P ACH Processing P P Payment Processing P Card Acceptance P Payout Management P Fraud & Chargeback Management P Tailored Payments / Reporting Products P T ra d it io
Slide 5: Financially Compelling
4 Financially Compelling • $24 million purchase price • Asset purchase structure results in tax deductible intangibles, including goodwill • Approximately 2.7% dilutive to TBVPS, including estimated closing costs of ~$1.5M(1) • 70% cash and 30% stock consideration using the 20 trading-day volume wei
Slide 6: Owning the Payment Tech Stack and a Direct to Merchant Software Solution
5 Owning the Payment Tech Stack and a Direct to Merchant Software Solution Provides BANC with Compelling Economics Note: Illustrative card transaction economics. Illustrative: $100 Transaction Value with a 250 bps Credit Card Transaction Fee Transaction has the potential to generate fees of up to 91
Slide 7: BANC can immediately provide a full stack of payments solutions to all existing client verticals
6 BANC can immediately provide a full stack of payments solutions to all existing client verticals About Current ISV client is a property management SAAS company that provides property management interface to over 300 property managers and landlords, that includes online rent collections via card an
Slide 8: Payments Glossary
7 Payments Glossary Issuers Financial Institutions that issue debit or credit cards to consumers or businesses on behalf of the Card Networks. Like Acquiring Banks/Sponsor Banks, Issuers must be members of and/or otherwise approved by the Card Network to engage in issuing activities. ISOs / MSPs Ind
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