TOGETHER WE WIN®
Banc of California and PacWest Bancorp announce transformational merger.
The combination will create the premier California relationship-focused business bank and
is expected to close in late 2023 or early 2024 subject to closing conditions.
Until then both banks should continue transacting business as usual.
Empowering Individuals to Make a Difference
Jim Michaelian
President and CEO - Grand Prix Association of Long BeachEmpowering Organizations to Build Stronger Communities
The Grand Prix Association of Long Beach has a relationship with Banc of California that spans over a decade, a period of time that has seen growth for both the Association and the community of Long Beach. “Our core business is the Toyota Grand Prix of Long Beach, which is in its 44th year,” Cindy Forster, Controller, Grand Prix Association of Long Beach explains, “and as we continue to grow each year, it is satisfying to have a strong banking partner like Banc of California.”
About The Grand Prix Association of Long Beach
The Grand Prix Association of Long Beach was formed in 1975 with the goal of bringing positive publicity to the community and city of Long Beach. Since that time, the Grand Prix Association of Long Beach and the Grand Prix Foundation have been impacting the Long Beach community through the Toyota Grand Prix of Long Beach event along with various supporting activities they provide to local schools and organizations within the city. Each year, the Toyota Grand Prix of Long Beach attracts businesses, residents and visitors to the city of Long Beach, which has ushered in a period of growth and economic development for the area.
The Grand Prix Association of Long Beach has since gone on to consult other potential Indy Car host cities seeking to replicate the success of the event.