Banc Of California, Inc. shares rise 4.45% intraday after Esquire Financial Holdings, Inc. expands into Los Angeles.

Banc Of California, Inc. rose 4.45% in intraday trading. The company's stock price increase may be attributed to the expansion of Esquire Financial Holdings, Inc. into Los Angeles, California, which could potentially benefit Banc Of California, Inc. as it operates in the same region. The new location marks a milestone in Esquire's national growth strategy and underscores its commitment to the complex, fragmented, and underserved national litigation market.