Banc of California Announces Executive Resignation and Interim CAO Appointment

Banc of California (BANC) just unveiled an announcement.

Monica Sparks, the Executive Vice President and Chief Accounting Officer of Banc of California and its subsidiary bank, has decided to resign and will remain in her position until September 19, 2024, to ensure a smooth transition. Jeffrey Krumpoch, with extensive experience from PacWest Bancorp, has been appointed as the Interim Chief Accounting Officer post-Sparks’ departure. Krumpoch, who carries an MBA from Wayne State University, will also receive a $35,000 cash bonus upon taking up his new role.

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