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.

The slide in PacWest stock price seems to be unjustified. The extent of PacWest's exposure to uninsured deposits and unrealized losses on its HTM portfolio is significantly lower than one of its larger regional peers under scrutiny, First Republic.

PacWest Bancorp: The Sell-Off Looks Overdone

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NEW YORK , March 25, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues investigating potential securities claims on behalf of shareholders of PacWest Bancorp (NASDAQ: PACW) resulting from allegations that PacWest may have issued materially misleading business information to the investing public. SO WHAT: If you purchased PacWest securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages PacWest Bancorp Investors with Losses in Excess of $100K to Inquire About Securities Class Action Investigation - PACW

PacWest Bancorp released an important liquidity update on Wednesday. The market unfairly dismissed it and sent shares of PACW lower by 17%.

PacWest Bancorp: The Market Is Wrong

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While the U.S. government took quick and extraordinary action to bolster confidence in the financial sector, regional banking firms continue to feel the heat, as evidenced by the midweek decline of PacWest Bancorp (NASDAQ: PACW ). Despite the headwind associated with a loss of customer deposits, PacWest decided against a capital raise.

PacWest Decides Against Capital Raise. PACW Stock Continues to Slide.

PacWest said it's been proactive in bolstering liquidity during a rough period for regional lenders. It also ruled out a capital raise.

PacWest sinks 11% as the California bank borrows cash following a 20% drop in deposits

Pacific Western Bank has bolstered its liquidity after its deposits dipped 20% over three months. The subsidiary of PacWest Bancorp has borrowed $3.7 billion from Federal Home Loan Bank (FHLB), $10.5 billion from the Federal Reserve Discount Window and $2.

Pacific Western Bank Bolsters Liquidity and Reports Deposit Stability

PacWest Bancorp said that its deposits have declined between the end of 2022 and March 20. The bank has taken additional measures to boost liquidity but did not end up pursuing a capital raise.

PacWest Bancorp Is Not Pursuing a Capital Raise, but Shares Are Falling Today

The bank said Wednesday that it now has $27.1 billion in deposits, which is down from $33.9 billion at the end of December.

PacWest falls 10% after regional bank discloses deposit outflows, additional liquidity

PacWest Bancorp's non-cumulative preferred shares currently offer a double-digit yield on cost of 12%. They're trading for 64 cents on the dollar with a move back to par likely towards the end of the first half of next year.

PacWest Bancorp: A Hidden Opportunity But Expect More Volatility

The regional bank says it has taken a number of steps to bolster liquidity, including drawing on several available federal facilities.

PacWest Bancorp Stock Falls After Bank Opts Against Capital Raise

The regional bank said it has taken a number of steps to bolster liquidity, including drawing on several available Federal facilities.

PacWest Bancorp Stock Tumbles After Bank Opts Against Capital Raise

Pacific Western Bank said on Wednesday its deposits have stabilized and it had more than $11.4 billion in cash as of March 20, although it had explored a capital raise with potential investors.

Pacific Western Bank explored capital raise, says deposits have stabilized

PacWest Bancorp PACW, +18.77% stock fell 13% in premarket trade Wednesday after it said it continues to have “solid liquidity” after borrowing from the federal government and getting a $1.4 billion injection from Atlas SP through a new senior asset-backed financing facility. The bank also canceled plans for a capital raise due to “current volatility in the market and depressed market prices for regional bank stocks, as well as the availability of other options to enhance capital.

PacWest decides not to raise additional capital after getting private backer and federal loans

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LOS ANGELES, March 22, 2023 (GLOBE NEWSWIRE) -- Pacific Western Bank (the “Bank”), the primary subsidiary of PacWest Bancorp (NASDAQ: PACW) (the “Company”), today issues the following update regarding its financial strength, including liquidity and deposits, as well as other recent developments. Financial information is unaudited.

Pacific Western Bank Provides Further Update and Details on Financial Strength

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SPDR Regional Banking ETF (KRE) advanced as much as 2.1% on Monday, after dropping 14% last week, following the news of a Swiss government-engineered takeover of troubled lender Credit Suisse by UBS. Leading the advance was PacWest Bancorp shares, which climbed 10% to $10.17, while shares of First Citizens BancShares Inc also jumped 10% to $559.30, and BankUnited (NYSE:BKU) Inc stock rose 7% to $22.74.

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News for PacWest Bancorp Stock (PACW)