Banc of California Inc. Chairman and Chief Executive Steven Sugarman has resigned amid an investigation by the U.S. Securities and Exchange Commission into whether the bank misled investors. Irvine-based Banc of California (NYSE: BANC) said Robert Sznewajs, current chair of the board’s joint audit committee, will assume the role of chairman. Hugh Boyle, the company’s chief risk officer, will add the title of interim CEO, while J. Francisco Turner, chief strategy officer and principal financial…
Banc of California CEO resigns amid SEC probe
