Not too many banks have grown more quickly than Banc of Californial (NYSE:BANC). Over the last 2 years, the bank has purchased 3 banks and 3 specialty finance companies. In doing so, the bank has increased its total assets 4X over the last three years, 3.6X over the last two, and 2.2X in the last year. Management declared its intention to become "California's bank." In 2013, the bank organically grew its loan portfolio by 70% and deposits by 80%, perhaps a record for any publicly traded bank this year. Despite the bank's startling growth, the stock itself has been a disappointment, falling 25% in the last 3 years, grossly underperforming its regional bank index's (NYSEARCA:KRE)...
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