Banc of California
Unclaimed Property

Banc of California currently holds $22.0 million in unclaimed property across 11,092 individual records that have been turned over to the State of California. Most of these unclaimed funds originated from dormant checking and savings accounts, unused safe deposit boxes, uncashed cashier's checks, and forgotten certificate of deposits where customers moved without updating their address or simply lost track of smaller accounts.

Banc of California is a full-service commercial bank headquartered in Santa Ana, serving businesses and individuals throughout California with traditional banking products including checking accounts, savings accounts, certificates of deposit, safe deposit boxes, and various loan products. The most common scenarios where Banc of California customers lose track of their money include moving to a new address without updating account information, maintaining small balance accounts that become dormant after three years of inactivity, forgetting about automatic payroll deposits that continued after leaving a job, or inheriting accounts from deceased relatives who banked with smaller community banks that were later acquired.

The highest concentrations of unclaimed property claims are found in Los Angeles, Orange County, and San Francisco areas, which aligns with the bank's primary market presence and California's major population centers. As a regional California bank that has grown through various mergers and acquisitions over the years, some account holders may not immediately recognize the Banc of California name if their original accounts were with predecessor institutions or acquired banks.

The average claim from Banc of California is $2.0K.