Banc Of California, Inc. · NYSE:BANC
Banc Of California — First Pactrust Bancorp — Merger or Acquisition (June 2013)
15 slides from Banc Of California's merger presentation, Jun 3, 2013
Slide 1: Branch Sale to AmericanWest Bank
©C\oactrust BANCORP,INC* Branch Sale to AmericanWest Bank JUNE 3, 2013
Slide 2: Forward-looking Statements
Forward-looking Statements When used in this presentation and in documents filed with or furnished to the Securities and Exchange Commission (the “SEC"), in press releases or other public shareholder communications, or in oral statements made with the approval of an authorized executive officer, the
Slide 3: Additional Information About the Proposed Merger with The Private Bank of California
Additional Information About the Proposed Merger with The Private Bank of California The information contained in the presentation materials includes certain information regarding the proposed merger of The Private Bank of California with and into Beach Business Bank, a wholly-owned subsidiary of Fi
Slide 4: Transaction Summary
Transaction Summary Transaction PacTrust Bank to sell 8 branches to AmericanWest Bank Y $477 million of deposits v Assets transferred include cash and associated real estate / fixed assets(2) Locations Sold Riverside (2), Chula Vista (2), Lakewood, Temecula, El Cajon, and Clairemont/San Diego Deposi
Slide 5: Rationale
Rationale @ Accelerates Alignment of Franchise with Core Business Focus on our target markets and customers Transition to commercial bank model © Financially Compelling Enhances efficiency and profitability Meaningful step to unlock shareholder value © Attractive for Employees and Broader Community
Slide 6: Focus on Target Markets and Customers
@ Focus on Target Markets and Customers Focus on attractive sub-markets of Los Angeles, Orange and San Diego counties. @ t PacTrust Branches Retained ‘Address Location Deposits ‘Year Opened 600 S. Lake Avenue Pasadena 4,000,000 2013 1880 Century Park E Century City 400,000,000 2012 500 Newport Cente
Slide 7: Transition to Commercial Bank Model
@ Transition to Commercial Bank Model Target businesses, their owners, employees, and families Target high balance transactional and business accounts, not lower balance CD and retail accounts + PBoc (1) Branches Sold Pro Forma First PacTrust Primary Markets Century City, Beverly Hills, Riverside, S
Slide 8: Evolution of Deposit Franchise
@ Evolution of Deposit Franchise Improved deposit mix and cost of funds Total Deposits: $683 million Total Deposits: $1,802 million CDs 54% Transaction 46% Total Deposits (millions) mos Cost of Deposits EEE Average Account Size Be % Transaction 46% Source: SNL Financial. Note: 2013 Financials pro fo
Slide 9: Evolution of Asset Origination Capabilities
@ Evolution of Asset Origination Capabilities Strengthened and diversified lending platform Loan Portfolio Transition 2010 2013 Total Loans & Leases: $688 Total Loans & Leases: $2,002 PacTrust Bank Residential and commercial real Multifarnity COR Rava: estate lending platforms 4% 2% 5% Mission Hills
Slide 10: Enhances Efficiency & Profitability
@ Enhances Efficiency & Profitability Growing deposit franchise with increased cost efficiency $5.0+ million annual reduction in direct non- $3,000 ——Deposits ——Loans interest expense 2,758, Deposits $2,500 Fao Approximately 50 employees, or 15% of commercial bank workforce, to be transferred Loans
Slide 11: Meaningful Step to Unlock Shareholder Value
© Meaningful Step to Unlock Shareholder Value $250 E $225 er 46 0C $200 D 3 a c 1 | a $8 $175 1 Pa eo $17 ! $232 $150 a ' $125 $153 1 SQ —______ - ‘ Current Branch Sale FMV in excess DTA VA @) Accretable Potential Tangible Book of BV?) Yield (9) Tangible Book Value Value A. Pro forma tangible book v
Slide 12: Attractive for Employees and Community
© Attractive for Employees and Community AmericanWest Bank is a strong, well capitalized organization that is committed to its communities Branches will remain open to meet customer needs Will retain branch staff and honor commitments related to employee benefits and tenure Both parties are focused
Slide 13: Appendix
Appendix
Slide 14: Deposit Franchise
Deposit Franchise $2,000 Pacific Trust Bank — $935 million with $1,802 55% in transaction accounts $1,600 - 71% Transaction Beach Business Bank — $286 million with 87% in transaction accounts $1,200 The Private Bank of California — $581 million with 84% transaction accounts $800 Deposit base of $1.8
Slide 15: Cost of Deposits - WAR
Cost of Deposits - WAR 0.80% Consolidated cost of deposits: 0.53% Pacific Trust Bank: 0.76% Beach Business Bank: 0.39% The Private Bank of California: 0.24% 0.40% Since December 31, 2010, the bank has reduced overall cost of deposits by 36 bps 0.00% Call Report as of 3/31/13 pro forma for branch sal
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