Pacwest stock

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Pacwest stock

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The combined bank will operate under the Banc of California name and brand. We look forward to sharing our expanded capabilities with clients and all the communities we serve. California has experienced a void of business banks that we intend to fill, and we look forward to helping our clients grow and delivering for our clients, communities and shareholders. In connection with the merger, Banc of California, N. As of the merger closing date, Banc of California, N. The combined bank is headquartered in Los Angeles and operates more than 70 branches in California, as well as branches in North Carolina and Colorado. The combined bank has more than 2, team members focused on serving small- to medium-sized businesses through tailored solutions and industry-leading treasury management services. The full-service business bank offers solutions in all areas of commercial and real estate lending, including banking services for healthcare and education. The combined bank provides additional expertise in specialty national business lines, including venture banking, HOA services, small business lending, warehouse lending, and entertainment and media, along with payment processing solutions through its subsidiary, Deepstack Technologies. Banc of California, Inc.

Pacwest stock

Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, PacWest will merge into Banc of California, and Banc of California, N. The combined holding company and bank will operate under the Banc of California name and brand following closing of the transaction. Under the terms of the merger agreement, PacWest stockholders will receive 0. The merger will create the premier California business banking franchise, which will be well-positioned to capitalize on market opportunities and broaden the channels and customers it serves through increased scale and expanded product offerings.

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Inflation Rate Unemployment Rate. ETF Screener Popular. Pacwest Bancorp PacWest Bancorp is a bank holding company that specializes in financial and banking solutions. Futures Market Pulse. Dividend Stock Comparison New. Full Chart. Copying dummy 's trades and holding each position for XXXX would result in 0. Federal Funds Rate. Currency Center. Thompson Kevin L. Business Insider logo The words "Business Insider". Daily Insider Trading Tracker. Mortgage Calculator Popular. For the best MarketWatch.

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