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

   www.reuters.com › markets › deals

   Jul 25, 2023 · July 25 (Reuters) - Banc of California (BANC.N) and PacWest Bancorp (PACW.O) will merge in an all-stock deal to create a bank with $36 billion in assets, the companies said on Tuesday, coming ...

2. Videos

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     1:23

     bloomberg.com

     PacWest to Merge With the Smaller Banc of California

     Jul 26, 2023

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     1:25

     youtube.com

     PacWest Secures $1.4 Billion Lifeline

     Mar 22, 2023

     4.7K Views

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     7:20

     youtube.com

     PacWest Bancorp Leads Regional Bank Shares Lower

     May 8, 2023

     7.1K Views

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3. finance.yahoo.com › news › pacwest-bancorp-bancPacWest Bancorp and Banc of California Receive Final ...

   finance.yahoo.com › news › pacwest-bancorp-banc

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   Oct 20, 2023 · LOS ANGELES, Oct. 19, 2023 (GLOBE NEWSWIRE) -- PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today announced that the Board of Governors of the Federal Reserve System granted its approval of the ...

   • Author: Pacwest Bancorp

4. 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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   FILE - A Pacific Western Bank branch is seen Thursday, May 4, 2023, in Westlake Village, Calif. The Banc of California announced it would buy PacWest Bancorp, the parent of Pacific Western Bank, in an all-stock transaction on Tuesday, July 25, 2023, bringing an end to three months of speculation if PacWest would be able to survive on its own after the failures of Silicon Valley Bank, First ...

   • Email: ksweet@ap.org

5. finance.yahoo.com › news › banc-california-talks-buyBanc of California and PacWest to merge, raise $400 million ...

   finance.yahoo.com › news › banc-california-talks-buy

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   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 ...

6. www.cnn.com › 2023/07/25 › businessBanc of California set to merge with rival PacWest - CNN

   www.cnn.com › 2023/07/25 › business

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   Jul 25, 2023 · PacWest Bancorp is set to merge with Banc of California and raise $400 million in equity, according to a joint announcement the banks released Tuesday afternoon, ahead of their second-quarter ...

7. 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 is merging with smaller rival Banc of California as it seeks to navigate a bout of upheaval that brought down a handful of its peers.. The banks said in a statement that ...

8. People also ask

   Will PacWest Bancorp merge with Banc of California?

   • PacWest Bancorp (PACW) is set to merge with Banc of California and raise $400 million in equity, according to a joint announcement the banks released Tuesday afternoon, ahead of their second-quarter earnings results. Under the terms of the deal, both California-based banks will merge into one bank called Pacific Western Bank.

   Banc of California set to merge with rival PacWest - CNN

   www.cnn.com/2023/07/25/business/pacwest-banc-of-california/index.html

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   Will PacWest be the next bank to fail?

   • The company’s stock has fallen by nearly two-thirds this year on fear that PacWest could be the next bank to fail after the earlier failures of Silicon Valley Bank, First Republic and Signature Bank. Based on Tuesday’s closing prices, PacWest shareholders will receive Banc of California shares valued at $9.60.

   Banc of California to buy troubled PacWest ... | Associated Press News

   apnews.com/article/banc-of-california-pacwest-pacific-western-merger-1cbcc9ff260a0db1952d78c15ddb198f

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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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   Will PacWest buy Banc of California?

   • The combined bank will have about $36 billion of assets, less than what PacWest alone had at the end of March. The firms will carry the Banc of California name, and that firm’s chief executive, Jared Wolff, will lead management. The deal is expected to close late this year or early in 2024.

   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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9. www.nytimes.com › 2023/07/25 › businessPacWest Bank, Thrashed by Deposit Crisis, Will Be Taken Over

   www.nytimes.com › 2023/07/25 › business

   Jul 25, 2023 · July 25, 2023. PacWest Bank, which never fully recovered from its hammering during this year’s banking crisis, will be absorbed by a smaller lender, Banc of California, the banks announced on ...