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Jul 26, 2023 · PacWest shareholders will receive 0.66 Banc of California common stock shares for each ordinary share they own. The recent banking crisis was hard on the 24-year-old PacWest Bank, which saw its ...
Jul 25, 2023 · Banc of California’s stockholders, PacWest’s stockholders and other interested persons will be able to obtain, without charge, more detailed information regarding the names, affiliations and ...
Nov 22, 2023 · Merger proposal receives in excess of 98% approval of the shares voted from each of Banc of California and PacWest Bancorp stockholdersSANTA ANA, Calif. and LOS ANGELES, Nov. 22, 2023 (GLOBE ...
- Pacwest Bancorp
Jul 26, 2023 · Per the terms of the agreement, which has been approved by the boards of both companies, PacWest will merge into Banc of California, and Banc of California, N.A. will merge into Pacific Western ...
Jul 25, 2023 · PacWest stockholders will get 0.66 of a share of Banc of California common stock for each of their shares. ... year to reassure investors about PacWest’s stability, with the bank saying in March ...
Jul 25, 2023 · 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 ...
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Jul 26, 2023 · Under the deal, PacWest stockholders will receive 0.6569 of a share of Banc of California for each share they own — about $9.60, based on Banc of California’s closing price Tuesday. That is a roughly 25% premium over PacWest’s Tuesday closing price of $7.69.
