The Bank Slate


Banc of California shuffles management ranks

Banc of California in Santa Ana will soon have a new bank president as part of a series of executive shifts.

The $9.4 billion-asset company said in a press release that Hamid Hussain will take over the role on Jan. 1. Hussain, who is president of commercial and real estate banking will succeed Jared Wolff, who remains the company’s president and CEO and the bank’s CEO.

Banc of California also said that John Sotoodeh, the bank’s chief operating officer, will become the company’s COO. Ido Dotan, the company’s general counsel, will become chief administrative officer.

Olivia Lindsay, deputy chief risk officer, was named chief risk officer. She will succeed Lynn Sullivan, who is retiring but will serve as a consultant for six months.

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