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.

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:

Pacific Western Bank Issues Update

PacWest Bancorp has reportedly been considering a sale, a breakup or a capital raise. The regional bank has been considering these options, but hasn't made a decision, as its stock price has fallen after the collapse of three other regional banks, Bloomberg reported Wednesday (May 3), citing unnamed sources.

PacWest Bancorp Reportedly Considering Options as Stock Price Plummets

PacWest's stock was down more than 53% in after-hours trading Wednesday. Investors have been closely monitoring this bank since the collapse of Silicon Valley Bank in March.

Regional Bank PacWest Is Reportedly Weighing a Sale. What Should Investors Do?

Shares of PacWest Bank were cut in half in after-hours trading after Bloomberg reported that the regional bank swept up in the recent crisis is exploring strategic options, including a sale.

PacWest Bank shares fall more than 50% on report that it could be the next regional bank to collapse

PacWest's valuation was cut in half in a matter of minutes in after-hours trading Wednesday after a Bloomberg report suggested it could be the next regional bank to fail.

Another Bank On The Brink: PacWest Stock Crashes 58% As It Reportedly Weighs Sale

PacWest Bancorp is exploring strategic options, including a potential sale or capital raise, after a liquidity boost it announced last month failed to inspire confidence in its ailing share price, a person familiar with the matter said.

PacWest explores options amid stock price plunge-sources

PacWest Bancorp PACW shares dove more than 50% in after-hours trading Wednesday, after a report that the company's executives are looking at a possible sale. The regional bank's shares have been diving this week after the collapse and sale of another regional bank in the western U.S., First Republic Bank, which was sold to JP Morgan Chase & Co. JPM Monday in a deal that netted shareholders nothing.

PacWest stock plummets more than 50% after report of potential sale, other bank stocks join in decline

PacWest falls 40% after hours on report bank is weighing sale

PacWest Bancorp has been weighing a range of strategic options, including a sale, Bloomberg News reported on Wednesday, citing people familiar with the matter.

PacWest is weighing strategic options, including possible sale - Bloomberg News

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The regional bank sector pared gains in afternoon trading Wednesday, after the Federal Reserved raised its target range for overnight rates by 0.25 percentage points, as expected. The SPDR S&P Regional Banking exchange-traded fund KRE, +1.65% was up 1.7%, but had been up 2.7% just before the Fed's rate move.

Regional Bank stocks pulled back after the Fed's rate hike, but are still gaining ground

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While not the most comfortable topic to discuss, with the fifth month of the year upon us, it's time to discuss stocks to sell in May. If you've been around the market for a while, you probably heard the phrase, “Sell in May and Go Away.

7 Stocks to Sell in May Before They Crash and Burn

PacWest Bancorp (NASDAQ: PACW ) may be on the verge of being the market's next short squeeze. It hasn't been a good week for regional banks.

Is a Giant Short Squeeze Brewing in PacWest (PACW) Stock?

PacWest stock plunged 28% after Jamie Dimon issued a vote of confidence in the banking system. Be skeptical.

Fed Rate Hike Above 5% Could Imperil PacWest

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The Fed is likely to announce another 25-basis point hike in rates. The U.S. regional banks like PACW, WAL, ZION, CMA and KEY witness bearish investor sentiments on concerns over the impact of future rate hikes on financials.

Regional Banks Continue to Bleed as Another Rate Hike Looms

Shares of PacWest Bancorp PACW tanked on Tuesday, amid a broader selloff in regional banking stocks.

PacWest Bancorp Joins Regional Bank Selloff, Options Traders See Further Downside In Store - PacWest Banc (NASDAQ:PACW)

Shares of regional banks remained under pressure in a fresh selloff Wednesday, as investors question the stability of the sector. Stock in PacWest Bancorp PACW dropped 12% in premarket trading, while shares of Metropolitan Bank Holding Corp. MCB dropped 8%, Citizens Financial Group Inc. CFG fell 9% and Western Alliance Bancorp.

PacWest drops 12%, leading regional bank stocks in continued selloff

PacWest, Western Alliance, and others retreated in Wednesday's premarket.

Regional Bank Stocks Fall Further. The Turmoil Hasn't Gone Away.

While JPMorgan Chase (NYSE: JPM ) CEO Jamie Dimon expressed confidence Monday that the resolution of First Republic Bank's failure represents an initial stage victory against an impending financial crisis, Tuesday's implosion of PacWest Bancorp (NASDAQ: PACW ) reignited stability concerns. With investors rushing for the exits, the double-digit decline in PACW stock dragged down the major indices.

PACW Stock Alert: Will PacWest Be the Next Bank to Fall?

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Shares of a number of midsize lenders fell sharply Tuesday following the collapse of First Republic Bank, a sign that investors are still worried about the industry's health.

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Stock markets fell sharply on worries about regional banks. PacWest and Western Alliance were two of the hardest-hit bank stocks.

Bank Worries Punish Markets as PacWest, Western Alliance Stocks Fall Sharply

The seizure of First Republic will add to losses in the FDIC Deposit Insurance Fund. Investors are reassessing their approach when it comes to bank stocks.

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

Regional bank stocks saw their losses for the week deepen as investors digest the failure of First Republic.

PacWest falls 30% as regional bank stocks slide to new lows

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Shares of major U.S. regional banks fell further on Tuesday in the aftermath of the collapse of First Republic Bank , the largest U.S. bank failure since the 2008 financial crisis.

US regional bank stocks fall for second day as First Republic failure weighs

Regional bank stocks are moving deeply into the red on Tuesday, the day after JPMorgan Chase & Co. JPM said it's acquiring First Republic Bank FRC as a way to shore up confidence in the U.S. banking system. Meanwhile, Morgan Stanley MS is reportedly planning to lay off 3,000 workers.

PacWest Bancorp, Western Alliance post steep losses after First Republic deal

PacWest Bancorp is a California-based bank. Due to its geographical footprint, it has been wrongfully associated with names such as Silicon Valley Bank and Federal Republic Bank. The bank has just posted strong Q1 results, and executives have skillfully handled last March's difficult situation while maintaining good communication with the shareholder base.

News for PacWest Bancorp Stock (PACW)