Originally published in the LAFC Official Website

March 30, 2017, 04:17 PM PDT

Link to Original Article

LAFC and Banc of California today unveiled the official logo for Banc of California Stadium, the club’s new 22,000-seat world-class soccer stadium that will bring more than $350 million in private investment to south Los Angeles and redefine the Los Angeles landscape.

The Banc of California Stadium logo embraces the stadium’s distinct architecture at the Northeast entrance viewable from Figueroa Street. Elegant and versatile, the logo also reflects the mobility and aspirations of Los Angeles. View the logo at bancofcaliforniastadium.com

“We are incredibly proud of our partnership with Banc of California, and our stadium’s architectural designs live on in the new Banc of California Stadium logo,” said Tom Penn, Club President and Owner. “Together with Banc of California we are poised to bring world class soccer and spectacular entertainment to the heart of the city.”

“Banc of California is pleased to have the opportunity to partner with LAFC in bringing the team and stadium to Los Angeles,” said J. Francisco Turner, Interim President and Chief Financial Officer and Chief Strategy Officer of Banc Of California.  “As California’s Bank, we are proud to partner with LAFC on a project that will facilitate the revitalization of this historic and proud community within District 9 of the City of Los Angeles.  Additionally, we look forward to providing financial literacy education, small business assistance, and meaningful youth development programs for the communities of South Los Angeles through our partnership with LAFC.”

The new state-of-the-art development, which will serve as a sport, entertainment, civic, and cultural landmark, will also include a district that will be active on non-game days, 365-days of the year and will feature a large public plaza, restaurants, retail and a conference and events center.

Upon its completion in 2018, Banc of California Stadium will create approximately 1,800 permanent full-time jobs, bring over $130 million in annual economic output, improve the tax base for the city, expand banking services for the underserved, and help support vibrancy and economic progress in the South Los Angeles community. Over the next 30 years, Banc of California Stadium is expected to bring more than $2.9 billion in total economic output.

As part of its community-focused partnership with LAFC, Banc of California has committed to expanding its banking services in south Los Angeles through the addition of a branch within the stadium development.  This expansion includes increased access to capital to support LAFC and Banc of California Stadium as well as a partnership with the LAFC Foundation to reach and positively impact a broader audience with its community engagement activities.