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Pacwest Bancorp - PACW STOCK NEWS

Welcome to our dedicated news page for Pacwest Bancorp (Ticker: PACW), a resource for investors and traders seeking the latest updates and insights on Pacwest Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pacwest Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pacwest Bancorp's position in the market.

News
KBRA Affirms Ratings for Banc of California, Inc. and Withdraws Ratings for PacWest Bancorp
Rhea-AI Summary
KBRA affirms ratings for Banc of California, Inc. (NYSE: BANC) and Pacific Western Bank, now operating as Banc of California, following their merger. The merger, including a $400 million equity raise, is seen as strategically favorable, with the company's leadership team largely retained. The combined entity is expected to improve its funding profile and capital ratios, positively impacting bondholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.92%
Tags
none
-
News
Banc of California Announces Completion of Transformational Merger with PacWest Bancorp and $400 Million Equity Raise
Rhea-AI Summary
Banc of California, Inc. (NYSE: BANC) completes a transformational merger with PacWest Bancorp (Nasdaq: PACW) to emerge as the third-largest bank headquartered in California and one of the nation’s premier relationship-focused business banks. The combined bank will operate under the Banc of California name and brand. Banc of California also completed a $400 million equity raise from affiliates of funds managed by Warburg Pincus LLC and certain investment vehicles sponsored, managed or advised by Centerbridge Partners, L.P. and its affiliates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.53%
Tags
acquisition
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News
Banc of California and PacWest Bancorp Receive Stockholder Approvals for their Merger
Rhea-AI Summary
Banc of California, Inc. (BANC) and PacWest Bancorp (PACW) have received in excess of 98% approval of the shares voted from each of their stockholders for the proposed merger. The transaction is expected to close around November 30, 2023, creating a combined company with approximately $36 billion in assets, $25 billion in total loans, $30 billion in total deposits, and more than 70 branches in California, as well as branches in North Carolina and Colorado.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
acquisition
News
PacWest Bancorp Announces Quarterly Dividends
Rhea-AI Summary
PacWest Bancorp (Nasdaq: PACW) has declared a quarterly cash dividend of $0.01 per common share and $0.4845 per depositary share on its 7.75% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividends will be payable on November 27 and November 28, 2023, respectively, to stockholders of record as of November 13, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.07%
Tags
dividends
-
News
PacWest Bancorp Announces Results for the Third Quarter 2023
Rhea-AI Summary
PacWest Bancorp reports net loss of $33.3 million in Q3 2023. Pending merger with Banc of California on track to close by November 30, 2023. Bank expects return to normalized funding levels and improved profitability. Noninterest expense down 14% in Q3. Allowance for loan and lease losses ratio increased. Community Banking deposits grew by 2%. Repurchase agreement facility to be repaid in December 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.21%
Tags
earnings
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News
PacWest Bancorp and Banc of California Receive Final Regulatory Approval for Merger
Rhea-AI Summary
PacWest Bancorp has received regulatory approvals for its merger with Banc of California, Inc. The transaction is expected to close before the end of 2023, creating a combined company with $36 billion in assets and more than 70 branches in California.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.55%
Tags
acquisition
News
Banc of California Receives Final Regulatory Approval for its Merger with PacWest Bancorp
Rhea-AI Summary
Banc of California and PacWest receive regulatory approval for merger
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
acquisition
-
News
PacWest Bancorp Announces Third Quarter Earnings Release Date
Rhea-AI Summary
PacWest Bancorp to report Q3 2023 financial results on October 24, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.93%
Tags
earnings
-
News
Banc of California and Rise Economy Announce $4.1 Billion Community Benefits Plan
Rhea-AI Summary
Banc of California and Rise Economy announced a $4.1 billion, three-year Community Benefits Plan. The Plan includes goals such as small business lending of $1.45 billion and community development lending of $2.3 billion. The combined institution also plans to invest $300 million in community development and $20 million in Affordable Housing Preservation efforts. Additionally, the bank will focus on supporting climate resiliency programs and tribal and indigenous communities. The Plan will become effective upon consummation of the proposed merger with PacWest Bancorp.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.23%
Tags
none
News
PacWest Bancorp Announces Quarterly Dividends
Rhea-AI Summary
PacWest Bancorp declares quarterly cash dividends on common shares and preferred stock
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.22%
Tags
dividends
Stock PACW logo
Pacwest Bancorp

NYSE:PACW

PACW Rankings

N/A Ranked by Market Cap
#5187 Ranked by Stock Gains
N/A Ranked by Dividends

PACW Stock Data

904.52M
118.44M
1.53%
84.88%
20.89%
Commercial Banking
Finance and Insurance
Link
United States
Brea

About PACW

pacwest bancorp is a banking company located in 10250 constellation blvd, suite 1640, los angeles, ca, united states.