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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 26, 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. en.wikipedia.org › wiki › PacWest_BancorpPacWest Bancorp - Wikipedia

   en.wikipedia.org › wiki › PacWest_Bancorp

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   2,438 (2022) Website. www .pacwest .com. Footnotes / references. [1] PacWest Bank stock price. 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. [2]

   • Founded: October 22, 1999; 23 years ago
   • Revenue: US$1.158 Billion (2021)

   • Number of employees: 2,438 (2022)

3. People also ask

   Will Banc of California & PacWest merge?

   • SANTA ANA, Calif. & BEVERLY HILLS, Calif.-- (BUSINESS WIRE)-- Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today announced the signing of a definitive agreement pursuant to which the companies will combine in an all-stock merger transaction.

   Banc of California | Banc of California and PacWest Announce

   investors.bancofcal.com/news-events-and-presentations/press-releases/news-details/2023/Banc-of-California-and-PacWest-Announce-Transformational-Merger-and-400-Million-Equity-Raise-from-Warburg-Pincus-and-Centerbridge/default.aspx

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   Will PacWest shareholders get a share of Banc of California?

   • Once the deal closes, PacWest shareholders are set to receive 0.66 of a share of Banc of California for each share they own. Meanwhile, Banc of California closed 11% higher. The stock was up around 10% in after-hours trading.

   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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   How did PacWest & Banc of California compare?

   • Shares of PacWest surged 34% after the market close, while Banc of California jumped 9%. PacWest stockholders will receive 0.6569 Banc of California shares for each PacWest share they currently own. Meanwhile, the two private equity firms will be issued new Banc of California stock worth $400 million at a price of $12.30 per share.

   Banc of California and PacWest to merge, raise $400 million in equity

   www.reuters.com/markets/deals/banc-california-talks-buy-pacwest-bancorp-wsj-2023-07-25/

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   Where is PacWest Bank located?

   • 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.

   Banc of California | Banc of California and PacWest Bancorp Receive

   investors.bancofcal.com/news-events-and-presentations/press-releases/news-details/2023/Banc-of-California-and-PacWest-Bancorp-Receive-Stockholder-Approvals-for-their-Merger/default.aspx

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4. investors.bancofcal.com › news-events-andBanc of California and PacWest Announce Transformational ...

   investors.bancofcal.com › news-events-and

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   Jul 25, 2023 · SANTA ANA, Calif. & BEVERLY HILLS, Calif.--(BUSINESS WIRE)-- Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today announced the signing of a definitive agreement pursuant to which the companies will combine in an all-stock merger transaction. Under the terms of the agreement ...

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

   investors.bancofcal.com › news-events-and

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   Nov 22, 2023 · Merger proposal receives in excess of 98% approval of the shares voted from each of Banc of California and PacWest Bancorp stockholders Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today jointly announced that, at their respective special meetings of stockholders held earlier today, they each received the necessary ...

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 (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 ...

7. 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 ...