PacWest Bancorp

PacWest Bancorp is a bank holding company, which specializes in financial and banking solutions. It offers commercial banking services including real estate, construction, commercial loans, comprehensive deposit, and treasury management services to small and middle-market businesses through the Pacific Western Bank. The company was founded on October 22, 1999, and is headquartered in Beverly Hills, CA.

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PacWest Bancorp restructures for growth, faces deposit challenges ahead

PacWest Bancorp's Q4 call highlighted strategic shifts, financial goals, and a focus on stability amidst economic challenges.
Management's alignment with the new plan, commitment to technology, and solid credit quality position the company for growth.
Challenges in deposit gathering, potential Fed rate impacts, and criticized loans require attention for sustained performance.

PacWest Bancorp beats estimates, focuses on stability and growth

PacWest Bancorp navigated challenges with resilience, reporting strong financial performance and stable credit quality amidst deposit fluctuations.
The company's focus on liquidity, expense management, and capital optimization positions it well for future growth and profitability.
Strategic initiatives to enhance operational efficiency and explore new revenue streams underscore PacWest's commitment to long-term value creation.

PacWest Bancorp and Banc of California merger set for growth

The merger between PacWest Bancorp and Banc of California is poised to deliver immediate benefits and long-term value through enhanced financial metrics and operational efficiencies.
While facing challenges in a slow economy and cost savings targets, the combined company has clear strengths in product offerings, funding profile, and talent retention strategies.
Strategic initiatives, conservative growth projections, and a focus on technology integration and fee revenue generation present opportunities for sustainable growth and profitability post-merger.

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Short sellers made $378.9 million in paper profits betting against regional banks First Horizon Corp , PacWest Bancorp and Western Alliance Bancorp in Thursday's session, analytics firm Ortex said.

Short sellers reap $378.9 mln from losses in PacWest, two other bank stocks - Ortex

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The ongoing banking crisis is unnerving Americans in a way that hasn't been seen since the Great Recession, according to a new poll.

‘We are running out of time': People have not been this worried about their bank deposits since the Great Recession, Gallup says

Shares of PacWest (NASDAQ: PACW) fell more than 60% on Thursday morning as the stock market opened lower amid fresh sell-off for regional banks.  The PAWC stock had been halted following massive volatility and traded to lows of $11.35 as uncertainty in the US banking system reigned supreme.

PacWest tumbles 60% as US regional banks bleed

PacWest provided an update this morning that said it is not seeing abnormal deposit outflows. The company also said it has recently been approached by potential partners and investors and is considering its options.

Why Shares of PacWest Bancorp Crashed Today

First Horizon National

That collective sigh of relief you heard when JPMorgan Chase & Co. NYSE: JPM purchased the assets of First Republic Bank has morphed into panic. Another regional bank, PacWest Bancorp NASDAQ: PACW confirmed that it's in discussions with investors.

PacWest, First Horizon Shares Plummet On Continued Bank Worries

A liquidity boost that PacWest announced in March failed to inspire confidence in its ailing share price.

PacWest stock down 36% as regional lender could be next bank to fall

Metropolitan Bank Hld

Zions Bancorp

PacWest Bancorp and First Horizon shares fall as investors wonder how much further regional-banking problems could spread.

Regional-Bank Shares Dive as Investors Fret About Contagion

PacWest Bank (NASDAQ: PACW ) stock is falling hard on Thursday after the financial company said it's exploring strategic options. According to an update from PacWest Bank, several potential investors and partners have already approached it.

Why Is PacWest Bancorp (PACW) Stock Down 38% Today?

Thursday's moves come less than a week after First Republic was seized by regulators and sold at a discount to JPMorgan Chase.

Regional bank stocks continue to slide on Thursday with PacWest leading the way down 40%

PacWest Bancorp sparked more panic among regional banks on reports it's exploring strategic options, including a potential sale. Bank stocks dive.

PacWest Bancorp Explores Options, Including Potential Sale. Investors Hit Panic Button.

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Investors aren't convinced the banking crisis is over. And they're not making any secret of the banks they're concerned with.

Investors Fear 12 Major Banks Are Still A Hot Mess

PacWest Bancorp PACW, -1.98% stock is down 39% in premarket trades as jitters around the health of regional banks persist and after Bloomberg reported the bank is considering a potential sale. Citi analyst Keith Horowitz said in a research note that the weakness in PacWest stock comes amid investor concerns tied to mark-to-market losses on the asset side of the balance sheet combined with deposit flight due to reliance of banks on uninsured deposits, which leads to concerns about solvency.

PacWest freefall ‘feeds that narrative' of bank weakness despite ‘fundamentally sound' businesses: analyst

Shares of U.S. bank PacWest Bancorp slid further in premarket trade on Thursday, dragging other regional lenders down, after the Los Angeles-based lender said it was in talks with potential partners and investors about strategic options, spurring market fears of a worsening banking crisis.

PacWest, Western Alliance hit as US banking concerns widen

Wall Street fell on Thursday after PacWest's move to explore strategic options deepened fears about the health of U.S. lenders and hit shares of regional banks as well as JPMorgan Chase , Wells Fargo & Co and other major financial players.

Wall Street drops as PacWest fuels fears of deeper bank crisis

That was hedge fund billionaire Bill Ackman back with his two cents on the regional banking system following the collapse of First Republic Bank and subsequent takeover by JPMorgan & Chase Co JPM, -2.12% earlier in the week. On Wednesday night, fellow regional lender PacWest Bancorp's shares PACW, -1.98% plummeted after a report it was considering strategic options.

‘We are running out of time to fix this problem' — Bill Ackman's latest warning on regional banks

Banks seek to calm markets as investors fear repeat of First Republic and SVB failures

Shares in California lender PacWest plummet amid fears of new US banking crisis

Lemonade

Lemonade Inc.'s stock LMND, +1.65% surged 13% in the premarket Thursday after the online insurance provider's results and outlook, delivered after-hours on Wednesday, came in better than expected.

PacWest slump tanks banks but investors are thirsty for Lemonade, and other big movers premarket

Shares of U.S. regional banks fell premarket on Thursday, hurt by a 37% slump in PacWest Bancorp after its announcement about exploring strategic options spurred market concerns of a worsening banking crisis.

PacWest tumbles on weighing options, other U.S. regional bank stocks fall

The regional lender's stock price cratered more than 50% on Wednesday, following reports that it was exploring a potential sale or a breakup.

Banking Crisis Fears Extend To PacWest As Shares Fall More Than 50%—But Bank Says Deposits Grew Since March

Pacific Western Bancorporation shares fell over 50% in after-hours trading, prompting renewed strain on US bank stocks after it became the latest lender to eye up a rescue deal. California-based PacWest instructed investment bank Piper Sandler to help with exploring strategic options and even a sale on Wednesday, Bloomberg reported, despite raising US$1.4bn in late March via a lending facility from Apollo-backed investor Atlas SP Partners.

PacWest up for sale in latest sign of banking wobble

The regional lender seeks to reassure markets following Wednesday's 55% plunge in the stock. 'The bank has not experienced out-of-the-ordinary deposit flows following the sale of First Republic Bank and other news,' PacWest says in a statement.

PacWest Says Deposits Are Rising and It's Holding Talks With Partners, Investors

Bank failures in the United States are rising this year. Already, five regional banks – First Republic, Signature, Silicon Valley Bank, and Silvergate – have all failed.

After FRC collapse, beware of Comerica, Western Alliance, PacWest stocks

PacWest Bancorp PACW, -1.98% said Thursday that its deposits were rising and that the lender had been in discussions with possible investors or partners. The troubled regional bank tumbled in late trading on Wednesday, taking several other banking stocks with it, following a report by Bloomberg that executives were weighing a possible sale.

PacWest says deposits rising, confirms talks with possible investors, partners

PacWest (NASDAQ: PACW) stock price plunge continued this week following the collapse and acquisition of First Republic Bank by JP Morgan. The shares were trading at $6.42, meaning it has plunged by over 78% from the highest point this year.

PacWest stock price forecast: Here's why it is heading to zero

PacWest Bancorp said on Thursday that it is exploring strategic asset sales, including moving the $2.7 billion lender finance loan portfolio to held-for-sale in the first quarter.

News for PacWest Bancorp Stock (PACW)