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BANC vs TROO

Banc of California, Inc. and TROOPS, Inc. Ordinary Shares

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Banc of California, Inc.

Banc of California, Inc. operates as the bank holding company for Banc of California that provides various banking products and services. The company offers deposit products, such as checking, savings, money market, demand, and time deposits; certificates of deposit; retirement accounts; and safe deposit boxes. It also provides real estate loans to professional developers and real estate investors for the acquisition, construction, refinancing, renovation, and on-going operation of commercial real estate properties; commercial real estate mortgage, residential real estate mortgage, and real estate construction and land loans; commercial loans and leases, such as equipment and lender finance, other asset-based, venture capital, secured business, warehouse, and other lending services; small business administration lending; and consumer loans comprising personal, auto, and other loans, as well as home equity and revolving lines of credit. In addition, the company offers international banking, multi-state deposit, and asset and investment management services; automated bill payments; cash and treasury management, foreign exchange, card payment, mobile deposit capture, automated clearing house origination, wire transfer, and direct deposit services; and online, mobile, remote deposit, and telephone banking services. It serves small and middle-market businesses, venture capital and private equity firms, non-profit organizations, business owners, entrepreneurs, professionals, and high-net worth individuals. The company offers its products and services through branches located throughout California; Denver, Colorado; and Durham, North Carolina, as well as through regional offices in the United States. The company was founded in 1941 and is headquartered in Los Angeles, California.

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TROOPS, Inc. Ordinary Shares

TROOPS, Inc., along with its subsidiaries, operates in the money lending business in Hong Kong, the Peoples Republic of China, and Australia. The company offers mortgage, personal, and corporate loans. It also develops, operates, and manages an online financial marketplace that offers one-stop financial technology solutions, including API services by leveraging artificial intelligence, big data and blockchain, and cloud computing. In addition, the company offers property investment, property lease and management, applications, technology and services, consultancy services for insurance products, and advisory and referral services. The company was formerly known as SGOCO Group, Ltd. and changed its name to TROOPS, Inc. in November 2021.TROOPS, Inc. was founded in 2005 and is headquartered in Tsuen Wan, Hong Kong.

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