The Los Angeles Football Club’s future 22,000-seat stadium will be called the Banc of California Stadium, according to an agreement between the soccer club and Irvine-based bank announced today.

The bank will also serve as the club’s official bank.

“Our partnership with LAFC underscores our commitment to empowering California through its diverse businesses, entrepreneurs, and communities,” said Steven Sugarman, chair and chief executive of Banc of California in a release. “We are thrilled to join forces with LAFC’s leadership who share our focus on California communities and the desire to build a world-class organization and stadium that represent the best of California. Banc of California Stadium will create jobs, attract investment, and increase access to opportunity throughout the region.”

The club broke ground on the 22,000-seat open air stadium today, and it is expected to be completed in 2018.

Finance reporter Caroline Anderson can be reached at [email protected]. Follow her on Twitter @Caroline_Mander.