What you need to know
REPLACING THE WORLD’S MOST WIDELY USED INTEREST RATE BENCHMARK.
We encourage you to closely review this informational page if you have a LIBOR-based loan with Banc of California.
HOW IS BANC OF CALIFORNIA PREPARING FOR THE LIBOR TRANSITION?
Banc of California has dedicated a team to this transition, is active in many industry working groups and is closely engaged with market activities. No action is required of clients at this time. Banc of California will provide further updates and new documents or amendments to existing documents to facilitate the transition as replacement reference rates are identified and implemented in the financial industry generally.