PACW News and Press, PacWest Bancorp From 07/31/23

2023-07-31 15:29:13 ET D.A. Davidson upgraded PacWest Bancorp ( NASDAQ: PACW ) stock to Buy from Neutral on Monday to align it with the same rating as Banc of California ( NYSE: BANC ), which had agreed to buy PacWest last week. "We think that transaction is benefici...

NEW YORK, NY / ACCESSWIRE / July 30, 2023 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: American National Bankshares Inc. (NA...

2023-07-27 09:00:01 ET Summary PacWest Bancorp reported decent Q2 2023 results, with smaller losses than Q1 and only a 1% Q/Q drop in deposits. The regional bank confirmed merger rumors with Banc of California, with the combined entity set to become the third-largest bank in Calif...

2023-07-26 20:57:06 ET Summary Three areas related to the merger worry me: high deposit costs, brand loyalty, and high unrealized losses. Benefits of the merger for BANC include balance sheet growth, cost savings, and loan quality improvement. The December 2024 target price is...

2023-07-26 18:09:36 ET Summary The PacWest Bancorp and Banc of California, Inc. merger is a well-crafted deal that creates a win-win for all involved parties. The master move of the deal is to unload 7B assets from Banc of California and pay down $13Bn high-cost borrowing from Pac...

2023-07-26 16:00:19 ET PacWest Bancorp (PACW) Q2 2023 Earnings Conference Call July 26, 2023, 11:00 ET Company Participants Jared Wolff - President, CEO & Chairman, Banc of California, Inc. Paul Taylor - CEO, President & Director, PacWest Bancorp Joseph K...

2023-07-26 15:45:13 ET Regional bank PacWest Bancorp (NASDAQ: PACW) reported its second-quarter results Tuesday after the bell, with adjusted profits coming in 10% ahead of expectations at $0.22 per share. That wasn't, however, the main reason why PacWest shares soared Wednesday, up...

2023-07-26 15:44:59 ET Billionaire investor Bill Gross said Wednesday he will cut back most of his regional bank stock holdings some three months after buying them in the wake of March's banking turmoil. Taking to Twitter, the bond king, as he is known, said the regional bank invest...

2023-07-26 15:42:39 ET Summary Shares of PacWest Bancorp fell by 27% on July 25th on rumors of a merger with Banc of California but later rose by over 30% after the market closed. The merger will create the fourth-largest mid-sized bank in California, with $36.1 billion of assets,...

2023-07-26 15:04:30 ET JPMorgan Chase ( NYSE: JPM ) has agreed to acquire $1.8B of single-family residential loans at a discount, people familiar with the matter told Bloomberg on Wednesday, to facilitate PacWest Bancorp's ( NASDAQ: PACW ) sale to Banc of California ( NYSE...