[2] It has 69 branches in California, primarily in the southern and central parts of the state, one in Denver, Colorado, one in Durham, North Carolina, and several loan production offices across the country.

[19] Between March and May 2023, the company's stock price plummeted as it reported losses of deposits as its customers feared a bank run.

[19] In the same month, it sold $2.6 billion worth of real estate construction loans at a $200 million discount to Kennedy Wilson.

[24] In June 2023, the bank sold $1.2 billion in construction loan commitments in New York City with an aggregate balance of approximately $500 million to Cain International, based in London.

Affiliates of Warburg Pincus and Centerbridge Partners invested $400 million in the combined company.