Los Angeles 2024 Olympic bid teamed up with Banc of California for it to serve as its commercial bank.
Los Angeles was elected to be the United States’ candidate city to host the 2024 Olympic and Paralympic Games. LA 2024 is led by bid chair Casey Wasserman, Chairman and Chief Executive Officer of Wasserman Media Group, and bid CEO Gene Sykes, a partner at Goldman Sachs and former member of its Management Committee. NBA icon, Olympic gold medalist, and business leader Magic Johnson and legendary labor leader Maria Elena Durazo were recently named as LA 2024 Vice Chairs, along with four time Olympic gold medalist swimmer Janet Evans. It also has strong backing from the current LA mayor Eric Garcetti.
Chad Brownstein, Vice Chairman of Banc of California is excited to part of the bid. “Banc of California is thrilled to partner with LA 2024 to help bring the Olympic Games back to Los Angeles. We believe in partnering with organizations that strengthen our communities and empower our private businesses, entrepreneurs and homeowners to pursue their California Dreams. This bid, under the stewardship of Mayor Eric Garcetti, Casey Wasserman and Gene Sykes, will benefit Los Angeles’ economy and strengthen our diverse community,”
To read the complete release on streetinsider.com about Chad Brownstein and Banc of California’s involvement with the Olympic Bid, click here.