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Banc of California completes sale of Palisades Group

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Banc of California completes sale of Palisades Group

Irvine, Calif.-based Banc of California Inc. completed the of to PalisadesHoldings I LLC on May 9.

As previously disclosed, Palisades Holdings I LLC is entirely owned byStephen Kirch and Jack Macdowell, who serve as CEO and chief investment officerof Palisades Group, respectively.