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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CIG International's staff is experienced in all aspects of residential development and finance. Their years of highly focused real estate and investment experience allow us to make informed decisions that will directly meet the needs and goals of their clients. Please click on a name below to read more about a staff member's background and experience.

I update readers about my PACWP position and view of the recent events. I believe a 2008 statement by the SEC is still very relevant today and why officials should look closely at the ongoing trading activity.

PacWest: Down, But Not Out

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U.S. regional banks might be making a short-term bottom on Friday as seller exhaustion appears to have emerged following four consecutive sessions of losses in bank shares, according to Mark Newton, head of technical strategy at Fundstrat.

U.S. regional banks poised for a ‘short-term bottom' Friday, says Fundstrat's Mark Newton

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Shares of embattled regional bank stocks were rebounding Friday, but ongoing uncertainty in the sector has led to growing calls for the federal government to take action to restore investor and depositor confidence in these institutions.

Regional bank crisis: Here's how DC might act to stop the bleeding

This morning, The Wall Street Journal posted an interesting question: “Are regional banks the new meme stocks?” The concept might have seemed outlandish a few months ago.

Are PACW and WAL Really the Next Meme Stocks?

Midsize and small banks still nurse heavy losses for the week, which started with the collapse of First Republic.

PacWest Stock Surges 80%, Regional Banks Recover After Selloff

PacWest Bancorp has seen its shares take another leg lower in the aftermath of the First Republic Bank takeover by JPMorgan Chase & Co. Uncertainty is very high, as the declining PacWest Bancorp share price may create a self-fulfilling prophecy here.

PacWest Bancorp: Heading Into An Uncertain Weekend

After a difficult session yesterday, market momentum has shifted for some regional bank stocks. Both PacWest Bancorp (NASDAQ: PACW ) and Western Alliance (NYSE: WAL ) are rising steadily, a stark contrast to their performances yesterday.

Bank Stocks Alert: Why PACW, WAL Stocks Are Surging Today

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Bank analysts believe the sell-off in the sector this week is overdone. The April jobs report also came out today, showing that the economy added more jobs last month than expected.

Why Shares of PacWest Bancorp, Comerica, and KeyCorp Are Rebounding Today

What a difference a day makes, as the shares of PacWest Bancorp PACW skyrocketed toward a record one-day gain Friday, after closing the previous session at a record low. The stock, which has already been halted six times for volatility since the open, powered up 77.9% in midday trading, which would surpass the current record gain on a closing basis of 33.9% on March 14, 2023.

PacWest stock rockets toward a record rally, after suffering biggest 6-day selloff in its 20-year history

LOS ANGELES--(BUSINESS WIRE)---- $PACW #PACW--The Schall Law Firm Announces it is Investigating Claims Against PacWest Bancorp and Encourages Investors with Losses to Contact the Firm.

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against PacWest Bancorp and Encourages Investors with Losses to Contact the Firm

Home BancShares

Hovde Group analysts on Friday said bank stocks offer a “rare entry point” as they called a potential bottom to the steep selloffs in the sector amid speculation about further bank failures despite updates from regional banks on deposit strength.

Hovde Group calls ‘near bottom' in bank stocks after potential ‘market manipulation' in sector

Friday's rally for stocks like PacWest and Western Alliance made only a small dent in the week-to-date losses

Regional bank stocks rebound on Friday, but still headed for steep losses on the week

PacWest Bancorp PACW is up 12.6% in premarket trades on Friday, as it recovered some of its steep losses from the previous session. Western Alliance Bancorp WAL is up 13.3% and First Horizon Corp. FHN is higher by 7.2%.

PacWest, Western Alliance Bancorp stocks rebound from heavy losses

Sharp drops Thursday are being partly retraced in early trading Friday after a tumultuous week that has seen turmoil return to regional lenders.

PacWest Leads Bank Stock Rebound. Western Alliance and First Horizon Also Jump.

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The sharp rise in interest rates has flipped the banking model on its head for some banks.

Banking Crisis 2023: Before Buying or Selling Bank Stocks, Do This

The trade group representing U.S. banks has asked the Securities and Exchange Commission to take action against what it calls market manipulation and abusive short-selling practices after the latest nosedive in the stock market.

Banking group asks SEC for probe after alleging abusive short-selling practices

State and federal authorities are looking into the possibility of market manipulation behind recent volatility in bank stocks, according to a report Thursday.

Bank stocks' volatility draws scrutiny for potential market manipulation: report

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As was widely expected, the U.S. Federal Reserve again raised interest rates, lifting its key rate by 25 basis points to a range of 5% to 5.25%. Interest rates in America are now at their highest level in 16 years.

7 Stocks to Sell as the Fed Raises Interest Rates Again

Western Alliance and First Horizon led a group of regional banks with massive drops in stock prices Thursday.

Not Just PacWest: These Regional Bank Stocks Plummet Amid Contagion Fears

Shares of PacWest Bancorp (NASDAQ: PACW ) are down over 40% as regional bank fears continue to grip the markets. This has brought the bank holding company's year-to-date loss to over 80%.

Cost to Borrow PacWest (PACW) Stock Doubles

SPDR S&P Bank ETF

U.S. bank shares, brutalized since the early March collapse of Silicon Valley Bank, may have further to drop before investors need to worry about economic growth, according to Oxford Economics.

Bank stocks may need to drop at least 30% before its time to worry about the economy, says study

Shares of the regional bank are tanking as traders start to price in a “burned down” book.

PacWest and the Bank Confidence Genie

First Republic

On any given day, various exchanges report multiple trading halts. These halts can take place for various reasons, including pending news or too much volatility.

Halted Stocks Alert: Bank Stocks PACW, WAL Face Trading Halts

U.S. officials at the federal and state level are assessing the possibility of "market manipulation" behind big moves in banking share prices in recent days, a source familiar with the matter said on Thursday.

Exclusive: U.S. officials assessing possible 'manipulation' on banking shares- source

PacWest Bancorp said late on Wednesday that it was in talks with potential partners and investors about strategic options after shares of the lender and several other U.S. regional banks tumbled amid fears of a worsening banking crisis.

News for PacWest Bancorp Stock (PACW)