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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Banc of California

Banc of California Inc.'s proposed agreement to acquire PacWest Bancorp. helped send regional-bank stocks considerably higher on Wednesday.

Banc of California is expected to keep leading regional banks higher as PacWest deal ignites sector

PacWest Bancorp (NASDAQ:PACW ) Q2 2023 Earnings Conference Call July 26, 2023 11:00 AM ET Company Participants Jared Wolff - President, CEO & Chairman, Banc of California, Inc. Paul Taylor - CEO, President & Director, PacWest Bancorp Joseph Kauder - EVP & CFO, Banc of California, Inc. Kevin Thompson - EVP & CFO, PacWest Bancorp Conference Call Participants Matthew Clark - Piper Sandler & Co. Christopher McGratty - KBW Robert Terrell - Stephens Inc. Timur Braziler - Wells Fargo Securities Timothy Coffey - Janney Montgomery Scott David Feaster - Raymond James & Associates Gary Tenner - D.A. Davidson & Co. Kelly Motta - KBW Operator Hello, and welcome to the conference call to discuss Banc of California and PacWest Merger and Second Quarter Earnings.

PacWest Bancorp (PACW) Q2 2023 Earnings Call Transcript

PacWest Bancorp delivered a Q2 earnings beat Tuesday afternoon, reporting a profit of $0.22 per share. More importantly, though, Banc of California is buying PacWest.

Why PacWest Bancorp Stock Just Exploded 25% Higher

JPMorgan Chase & Co

JPMorgan Chase & Co will buy almost $2 billion worth of mortgages to facilitate Banc of California's purchase of PacWest Bancorp , Bloomberg News reported on Wednesday.

JPMorgan to buy almost $2 bln of mortgages in the PacWest deal - Bloomberg News

PacWest Bancorp (NASDAQ: PACW) opened 30% up today after Bank of California Inc (NYSE: BANC) said it will buy the commercial banking company for $1.10 billion. Details of PacWest-Banc of California merger The all-stock merger will replace each share of PacWest with 0.6569 shares of Banc of California.

PacWest shares jump 30% on a $1.1 billion buyout deal

Regional-bank stocks rose Wednesday as hard-hit PacWest Bancorp agreed to be acquired by Banc of California in a sign that the hangover from bank failures earlier this year may be receding.

Regional-bank stocks move up after PacWest deal suggests stabilization in sector

US regional bank stocks have been heavily shorted since the collapse of Silicon Valley Bank, with PacWest Bancorp being a prime target. However, stabilizing deposits have helped share prices recover. PacWest Bancorp announced its agreement to merge with Banc of California in an all-stock deal, which saw both companies' share prices increase. The combined entity will operate under the Banc of California banner. I maintain my BUY rating on PACWP as I expect price to converge to $25 within the next few months. Investors can still expect a 17% upside and a 9%yield.

PacWest Bancorp: M&A Validates Our Bullish Call On The Preferred

The deal was bad news for the California bank's shares, until it was less bad.

PacWest Stock Tanked, Then Soared, on the Same Takeover News

PacWest (NASDAQ: PACW ) stock jumped more than 27% overnight after the company agreed to be bought by Banc of California (NYSE: BANC ) for $1.1 billion in stock. Shares of PACW stock are currently up 28% as of this writing.

Dear PACW Stock Fans, Get Ready for This $1.1 Billion Shake Up

Imperiled bank PacWest shares soared in early trade on Wednesday after news of its merger with smaller rival Banc of California in a $1.1 billion all-stock deal.

PacWest Shares Soar After Merger with Rival Banc of California

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of PacWest Bancorp (NASDAQ: PACW) to Banc of California, Inc. for 0.6569 of a share of Banc of California common stock for each share of PacWest common stock is fair to PacWest shareholders. Halper Sadeh encourages PacWest shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zh.

PACW Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of PacWest Bancorp Is Fair to Shareholders

PacWest Bancorp's stock held on to big gains on Wednesday after it announced it has agreed to be acquired in an all-stock deal by Banc of California Inc. Analysts mostly praised the transaction.

PacWest's sale to Banc of California ‘provides closure' and is a win for shareholders: analyst

The merger of PacWest and Banc of California will actually help shrink the assets of the combined lenders.

California Banks Merge to Get Smaller

PacWest Banc (NASDAQ: PACW ) stock is rising higher on Wednesday after announcing it will combine with Banc of California (NYSE: BANC ). The merger will result in shareholders of PACW stock trading their stakes for BANC shares.

Why Is PacWest Banc (PACW) Stock Up 30% Today?

In a significant development in the banking sector, Banc of California (NYSE:BANC) and PacWest Bancorp have announced their intention to merge, forming a new entity with assets totalling $36 billion. The move comes in the wake of a turbulent period for regional banks, and the merger is seen by some as a strategic response to these challenges.

Banc of California and PacWest Bancorp deal well received by the market

PacWest (PACW) and Banc of California (BANC) announce an all-stock merger deal.

PacWest (PACW) & Banc of California (BANC) Soar on Merger Deal

PacWest Bancorp's shares rose nearly 38% in premarket trading on Wednesday, a day after smaller rival Banc of California agreed to buy the lender for $1.1 billion.

PacWest stock soars on $1.1 bln buyout deal

Banc of California and PacWest Bancorp shares surged after announcing an all-stock merger. The new bank will have $36 billion in assets and $30.5 billion in total deposits.

Banc of California and PacWest Bancorp will merge into a new bank holding $36 billion in assets

While the top- and bottom-line numbers for PacWest (PACW) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About PacWest (PACW) Q2 Earnings

Stocks rose on Tuesday. Regional bank stocks climbed as PacWest and Banc of California announced merger plans.

Why These 2 Bank Stocks Are Soaring Late Tuesday

PacWest Bancorp (PACW) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $1.02 per share a year ago.

PacWest Bancorp (PACW) Q2 Earnings and Revenues Surpass Estimates

Banc of California and PacWest Bancorp will merge in an all-stock deal to create a bank with $36 billion in assets and The lenders also raised $400 million in equity from investors.

Banc of California and PacWest to merge, raise $400 million in equity

Banc of California will purchase the embattled PacWest, which was on somewhat precarious footing following the banking scare in March.

PacWest Bank Shares Fluctuate 30% Ahead Of Sale To Rival Banc Of California

PacWest Bancorp is set to merge with Banc of California in a $400 million equity deal, according to a joint announcement the banks released Tuesday afternoon, ahead of their second-quarter earnings results.

Banc of California set to merge with rival PacWest

Banc of California is in advanced talks to buy PacWest Bancorp, the WSJ reported Tuesday ahead of the banks' earnings. PACW stock dove, BANC rallies.

News for PacWest Bancorp Stock (PACW)