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1. www.pacwest.comPacWest

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   Pacific Western Bank is now part of Banc of California, N.A. and offers banking, lending and other financial services for businesses and individuals. Learn more about the merger, the insured cash sweep service and the bank's environmental social governance report.

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2. en.wikipedia.org › wiki › PacWest_BancorpPacWest Bancorp - Wikipedia

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   PacWest Bancorp. PacWest Bancorp is an American bank holding company based in Beverly Hills, California, with one wholly owned banking subsidiary, Pacific Western Bank. It is a subsidiary of Banc of California.

3. www.reuters.com › markets › dealsBanc of California and PacWest to merge, raise $400 million ...

   www.reuters.com › markets › deals

   Jul 26, 2023 · Banc of California and PacWest Bancorp will merge in an all-stock deal to create a bank with $36 billion in assets, the companies said on Tuesday, coming together just months after the regional...

4. www.latimes.com › business › storyPacWest to be sold to Banc of California in rescue deal

   www.latimes.com › business › story

   Jul 25, 2023 · PacWest Bancorp., a regional bank teetering after the collapse of three rival lenders, has been weighing a range of strategic options, including a sale, according to people familiar with the...

5. apnews.com › article › banc-of-california-pacwestBanc of California to buy troubled PacWest Bancorp, which ...

   apnews.com › article › banc-of-california-pacwest

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   Jul 25, 2023 · The Banc of California has agreed to buy PacWest Bancorp in an all-stock transaction, bringing an end to months of speculation about whether PacWest could survive on its own after the failures of three other regional banks this spring.

6. www.bloomberg.com › news › articlesBanc of California’s PacWest Acquisition Wins Fed Approval

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   Oct 19, 2023 · Banc of California Inc. received approval from the Federal Reserve for its acquisition of PacWest Bancorp, clearing the final regulatory hurdle facing the deal.

7. People also ask

   Is PacWest a big bank?

   • PacWest isn’t counted among the industry’s giants, ranking outside the 25 biggest U.S. banks. Established in 1999, PacWest focused on small, middle-market and venture-backed businesses. The bank grew in part through 31 acquisitions since 2000, with offices in California, Durham, N.C., and Denver, plus loan-production offices around the country.

   PacWest to be sold to Banc of California in rescue deal

   www.latimes.com/business/story/2023-07-25/banc-of-california-reportedly-in-talks-to-purchase-pacwest

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   Who owns PacWest bank?

   • PacWest Bancorp is an American bank holding company based in Beverly Hills, California, with one wholly owned banking subsidiary, Pacific Western Bank. It is a subsidiary of Banc of California.

   PacWest Bancorp - Wikipedia

   en.wikipedia.org/wiki/PacWest_Bancorp

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   What happened to PacWest bank?

   • Rising interest rates depressed the value of bonds they bought when rates were low, and the sudden surges in customer withdrawals forced some of them to sell those assets at a loss. The combined bank will have about $36 billion of assets, less than what PacWest alone had at the end of March.

   PacWest to be sold to Banc of California in rescue deal

   www.latimes.com/business/story/2023-07-25/banc-of-california-reportedly-in-talks-to-purchase-pacwest

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   What will PacWest shareholders get from Banc of California?

   • PacWest stockholders will get 0.66 of a share of Banc of California common stock for each of their shares. The banks will sell assets with the aim of repaying $13 billion of wholesale borrowings, the companies said Tuesday. Shares of Banc of California surged as much as 22% after the Wall Street Journal reported that the pair were in talks.

   PacWest to be sold to Banc of California in rescue deal

   www.latimes.com/business/story/2023-07-25/banc-of-california-reportedly-in-talks-to-purchase-pacwest

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8. investors.bancofcal.com › news-events-andBanc of California and PacWest Bancorp Receive Stockholder ...

   investors.bancofcal.com › news-events-and

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   About PacWest Bancorp. PacWest is a bank holding company headquartered in Los Angeles, California, with an executive office in Denver, Colorado, with one wholly-owned banking subsidiary, Pacific Western Bank.