TechDogs-"Banc of California Names Jagdeep Singh Sahota Chief Payments Officer"

Hiring News

Banc of California Names Jagdeep Singh Sahota Chief Payments Officer

By Business Wire

Business Wire
Overall Rating

Sahota Brings Over 20 Years of Experience in the Payments Space to this Newly Created Role


SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today announced that its wholly owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired Jagdeep Singh Sahota as Chief Payments Officer.

In this newly created role, Sahota will be responsible for the development and oversight of the bank’s strategic initiatives in payments, both its direct investment as well as related strategic partnerships. Through these initiatives, Banc of California will continue to augment the value-added services it provides to its business clients, while also serving a broader cross section of the payments ecosystem, including payment service providers, payment facilitators, ISOs, and merchants. Sahota will report to Banc of California’s Chief Operating Officer, John Sotoodeh.

“We are very excited to welcome Jagdeep to the Banc of California family, particularly as payments have become a key area of growth for us,” said Sotoodeh. “His decades of experience in the payments space will help Banc of California continue to offer its clients a variety of industry-leading and innovative solutions, enable us to expand our existing suite of payments capabilities and, most importantly, allow our clients to run their businesses more profitably and efficiently.”

“Joining Banc of California was an easy decision for me,” said Sahota. “Not only have they quickly become the go-to business bank in the region by providing a superior client experience, but they understand the important role innovation plays and are unafraid to look for ways they can use technology on behalf of their clients. I look forward to continuing and enhancing these efforts in my new role.”

Sahota has over 20 years of experience in the payments space and previously held senior leadership positions at NMI, JP Morgan Chase, Visa, Salesforce and PayPal. He has eight US patents and 23 global patent application filings to his name.

About Banc of California, Inc.

Banc of California, Inc. (NYSE: BANC) is a bank holding company with $9.6 billion in assets as of March 31, 2022 and one wholly-owned banking subsidiary, Banc of California, N.A. (the Bank). The Bank has 36 offices including 31 full-service branches located throughout Southern California. Through our dedicated professionals, we provide customized and innovative banking and lending solutions to businesses, entrepreneurs and individuals throughout California. We help to improve the communities where we live and work, by supporting organizations that provide financial literacy and job training, small business support and affordable housing. With a commitment to service and to building enduring relationships, we provide a higher standard of banking. We look forward to helping you achieve your goals. For more information, please visit us at www.bancofcal.com.


Contacts

Investor Relations Inquiries:
Banc of California, Inc.
(855) 361-2262
Jared Wolff, (949) 385-8700
Lynn Hopkins, (949) 265-6599

Media Relations Inquiries:
Pro-bancofcal@prosek.com

Like what you read? Head to the TechDogs homepage to find the latest tech content infused with drama and entertainment. We've got ArticlesWhite PapersCase StudiesReportsVideos and Events - the complete lot to help you Know Your World of Technology.

First published on Fri, Jul 8, 2022

Enjoyed what you've read so far? Great news - there's more to explore!

Stay up to date with the latest news, a vast collection of tech articles including introductory guides, product reviews, trends and more, thought-provoking interviews, hottest AI blogs and entertaining tech memes.

Plus, get access to branded insights such as informative white papers, intriguing case studies, in-depth reports, enlightening videos and exciting events and webinars from industry-leading global brands.

Dive into TechDogs' treasure trove today and Know Your World of technology!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs’ members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs’ Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. All information / content found on TechDogs’ site may not necessarily be reviewed by individuals with the expertise to validate its completeness, accuracy and reliability.

Tags:

Banc of California Inc. Innovative Solutions Salesforce Innovative Banking

Join The Discussion

- Promoted By TechDogs -

Are You Ready To Accelerate Your Cloud Migration And Data Modernization?
  • Dark
  • Light