Banc of California to acquire Deepstack Technologies for $24m.

Banc of California, the parent holding company of Banc of California, completed the acquisition of Deepstack Technologies, a provider of payment solutions, for $24m. "The acquisition of Deepstack expands our business into payment processing and furthers our strategy to grow fee-based income in a scalable and meaningful way. Deepstack’s client-centric technology platform will enable us to offer existing and new clients a best-in-class transaction processing solution. Combined with our existing, leading-edge deposit and treasury management solutions and tailored lending services, we continue to execute on our strategy to be the hub of the financial services ecosystem for our clients and enhance the value of our franchise,” Jared Wolff, Banc of California President and CEO.