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LOS ANGELES, May 03, 2023 (GLOBE NEWSWIRE) -- In light of recent reporting regarding strategic actions, PacWest Bancorp (Nasdaq: PACW) (the “Company”) provides the following update: Our message remains consistent with what was conveyed last week with earnings. As previously an...
2023-05-03 20:33:08 ET Summary Shares of PacWest Bancorp came under significant pressure after concerns arose about the company's ability to stay afloat. The picture definitely is riskier than I believed it to be prior to new data coming out, but it is not as bad off as First Repu...
2023-05-03 19:53:00 ET After a bizarre few days of trading, it appears that the market's anxiety about regional banks might not have eased after all. Shares of PacWest Bancorp (NASDAQ: PACW) crashed in after-hours trading Wednesday, down more than 53% as of 7:50 p.m. ET, as Bloomber...
2023-05-03 18:29:53 ET Gainers: ZimVie ( ZIMV ) +23% . Ramaco Resources ( METC ) +13% . Confluent ( CFLT ) +8% . JFrog ( FROG ) +8% . SolarEdge Technologies ( SEDG ) +7% . Losers: PacWest Bancorp ( PACW ) ...
2023-05-03 17:07:12 ET PacWest Bancorp ( NASDAQ: PACW ) plunged 23% in after hours trading amid a report that its evaluating strategic options, including a sale. The Beverly Hills-based bank is working with an adviser and is also considering a breakup or a capital raise, a...
2023-05-03 12:00:00 ET Summary Ensemble Capital Management, LLC is based in Burlingame, California, midway between Silicon Valley and San Francisco. The firm offers customized portfolio management and philanthropic solutions with unparalleled client service. The first quarter of 2...
2023-05-03 09:17:03 ET Summary PacWest and other regional banks have been lumped into a generic category of institution which is convenient when discussed in the media. The tendency to paint broadly ignores the unique attributes and considerations inherent to each regional institu...
2023-05-03 05:23:05 ET Regional bank stocks closed at their lowest level since 2020 on Tuesday following the collapse of First Republic Bank ( FRC ). Investors are still debating whether the sector will see broader contagion ahead of an expected U.S. rate hike later from the Federal...
2023-05-02 13:54:00 ET The stock market has been nervous about the condition of the financial sector for a while now, and concerns mounted once again on Tuesday. Major market indexes were down between 1% and 2% at midday as investors wondered if the latest bank failure would prove to be the...
2023-05-02 13:52:32 ET Summary One day after the seizure and sale of First Republic, fresh panic is gripping the banking sector, with fears centered on Beverly Hills-based PacWest Bancorp. The timing is curious. The new rout comes after a period of calm and coincides with the Milk...
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Combined bank emerges as the third-largest bank headquartered in California and one of the nation’s premier relationship-focused business banks Banc of California, Inc. (“Banc of California”) (NYSE: BANC) today announced the completion of its transformational merger...