Banc of California, Inc. Names Jagdeep Singh Sahota Chief Payments Officer
July 07, 2022 at 05:01 pm EDT
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Banc of California, Inc. 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. 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.
Banc of California, Inc. is a bank holding company for its subsidiary, Banc of California (the Bank), a California state-chartered bank. The Bank provides a range of loan and deposit products and services through more than 90 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, and full-stack payment processing solutions through its subsidiary, Deepstack Technologies, LLC. The Bank also serves the Community Association Management Industry nationwide with its technology-forward platform SmartStreet. The Bank is organized into four business groups: Community Banking, Specialty Banking, Deposit Services, and Payment Solutions. Specialty Banking is focused on serving clients in niche verticals by industry, including homeowner associations, venture banking, SBA lending, mortgage warehouse lending, media and entertainment and equipment finance. Deposit Services provide valuable services to clients in the Community and Specialty Banking groups.
BANC OF CALIFORNIA, INC. 
