Douglas Bowers served as the President and CEO of Banc of California from May 2017 until March 2019. With over 35 years in banking, he previously led Square 1 Bank from 2011 until its sale in 2015. Bowers also had...

Douglas Bowers served as the President and CEO of Banc of California from May 2017 until March 2019. With over 35 years in banking, he previously led Square 1 Bank from 2011 until its sale in 2015. Bowers also had a long stint at Bank of America, where he was a key player in various divisions, showcasing his strengths in commercial and corporate banking. His leadership at Banc of California involved strategic roles on crucial committees, focusing on enterprise risk and community development. His compensation revealed a mixed performance: in 2018, he earned around $1.5 million, including a significant portion as other benefits due to the absence of traditional bonuses or stock grants that year. After a transitional period in early 2019, he left the company with a severance agreement on the table, highlighting a significant change in leadership. His experience in managing banking operations makes him a notable figure in the financial sector.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Banc of California CEOs

B

Douglas Bowers

Ex-CEO of Banc of California

Education

Not specified

Field of Expertise

Finance & Banking - Banking

Sector of Economy

Financial Services

Born

January 1, 1958 - 67 years ago

CEO of Banc of California for

2 years 0 months (May 2017 - May 2019)

Previous Experience

Chief Executive Officer of Square 1 Bank from 2011 until its sale to PacWest Bancorp in 2015; roles at Lone Star/Hudson Advisors and Bank of America.

Rivals

Competitors/colleagues of Douglas Bowers

V

C. Malcolm Holland, III

Founder and CEO of Veritex Holdings

2023 Compensation

Stock

$0.00

Salary

$800.00K

Bonus

$320.00K

Other

$332.37K

Total Holdings

$5.63M

S

John C. Corbett

CEO of SouthState

2023 Compensation

Stock

$2.89M

Salary

$1.04M

Bonus

$1.33M

Other

$51.75K

Total Holdings

$10.92M

C

Chang M. Liu

CEO of Cathay General Bancorp

2023 Compensation

Stock

$5.13M

Salary

$920.00K

Bonus

$784.60K

Other

$16.50K

Total Holdings

$137.68K

H

Joseph S. Exnicios

CEO of Hancock Whitney Corporation

2023 Compensation

Stock

$265.86K

Salary

$553.84K

Bonus

$383.43K

Other

$67.08K

Total Holdings

$2.37M

A

H. Palmer Proctor, Jr.

CEO of Ameris Bancorp

2023 Compensation

Stock

$1.90M

Salary

$925.00K

Bonus

$1.44M

Other

$98.20K

Total Holdings

$28.94M

Holdings

See how much did Douglas Bowers make over time.

During his time at Banc of California, Douglas Bowers had a fluctuating relationship with company stock. In 2018, Bowers was poised to benefit from various performance-based stock units, but upon his departure in March 2019, he forfeited unvested shares. His...

During his time at Banc of California, Douglas Bowers had a fluctuating relationship with company stock. In 2018, Bowers was poised to benefit from various performance-based stock units, but upon his departure in March 2019, he forfeited unvested shares. His compensation painted a picture of a CEO whose income largely came from cash and benefits instead of stock performance. In 2018, his stock awards totaled zero, illustrating the challenging landscape he faced. Bowers' wealth was directly tied to the bank’s fortunes, emphasizing the volatility common in executive compensation related to stock incentives. His exit from the company revealed that the value of his vested stock units and their potential worth had significant implications on his personal net worth, indicating that his final assessment of success might involve more than just a salary.

Mar 18, 2025

B

shares

BANC @ $14.01

Insider Trading

See recent insider trades of Douglas Bowers.

BANC

$1.99K

BANC at $18.65/share

Dec 31, 2018

Received

BANC

$1.00M

BANC at $17.56/share

Sep 7, 2017

Purchase

BANC

35,000 shares

BANC

Jun 8, 2017

Received

Compensation History

See how much did Douglas Bowers make over time.

Douglas Bowers' compensation during his tenure as CEO of Banc of California showed a distinctive trend. In 2017, he earned about $1.17 million, which included a significant bonus of $500,000 based on performance metrics. By 2018, he saw a major shift with total compensation reaching approximately $1.55 million, but it was largely driven by 'other' compensation, which included severance due to his resignation in March 2019. His salary increased slightly from $700,000 to $725,000 in that period, but with no bonuses or stock options to showcase performance, it reflected a notable decrease in incentive alignment. Bowers' situation underscores how executive pay can be influenced by the company's performance metrics, and in his final year, those metrics were not met, which led to an underwhelming compensation structure compared to previous years.

Year

2019

Total Compensation

$1.36M

Salary

$238.92K

Board Justification

The compensation philosophy aims to attract and retain skilled executives while aligning their interests with those of the shareholders through performance-based incentives.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2019.

Other

$1.12M

Board Justification

This includes severance payments and other benefits upon termination of employment.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were granted or vested in 2019.

Performance Metrics

Performance metrics for 2019 were not met, resulting in no cash bonuses or stock awards.

Other Banc of California CEOs

Here are other CEOs of Banc of California

Jared M. Wolff

Ex-CEO of Banc of California

May 2019 - October 2023