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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The sale will help improve the bank's capital and liquidity position. PacWest has been one of the most volatile and sold-off bank stocks since the banking crisis earlier this year.

Why Shares of PacWest Bancorp Are Rising Today

A fresh cash infusion from the sale of loans by hard-hit bank stock PacWest Bancorp lifted the financial sector on Monday.

PacWest lifts bank stocks as it raises more cash from loan sale

PacWest (NASDAQ: PACW ) stock is up about 5% today after the company sold a $3.5 billion loan portfolio to Ares Capital (NASDAQ: ARCC ). Shares of ARCC stock are also slightly up on the news.

Why Is PacWest (PACW) Stock Up Today?

PacWest Bancorp shares jumped Monday morning after the regional bank announced plans to sell a $3.54 billion lender finance loan portfolio to Ares Management. The liquidity boosting move earned PacWest a cool $2.01 billion and sent the bank's stock nearly 10% higher to $7.93.

PacWest shares pop as loan portfolio sale bring in $2B

Shares of the bank were hammered earlier in the year amid the turmoil among regional banks triggered by the collapse of Silicon Valley Bank.

PacWest Bancorp Stock Jumps as Ares Buys $3.5 Billion of Loans

Ares Management

PacWest Bancorp PACW, +0.56% said Monday it agreed to sell a lender finance loan portfolio to Ares Management Corp. ARES, -2.37% in a deal expected to provide $2 billion before transaction costs for the bank. Additional tranches to generate more cash are currently expected to close in “future periods” as unfunded commitments are disbursed and then sold, PacWest said.

PacWest sells loan portfolio to Ares Management in deal that generates $2 bln ‘to improve liquidity'

Private-equity firm Ares Management said on Monday it had acquired a $3.5 billion specialty finance loan portfolio from PacWest Bancorp.

Ares acquires $3.5 bln loan portfolio from PacWest

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that certain funds managed by its Alternative Credit strategy (“Alternative Credit”) have completed the acquisition of a $3.5 billion specialty finance loan portfolio (the “Portfolio”) from PacWest Bancorp (Nasdaq: PACW). The Portfolio consists of high quality, senior secured, asset-backed loans with commitments of approximately $3.5 billion. The Portfol.

Ares Management Acquires $3.5 Billion Lender Finance Portfolio from Pacific Western Bank

Regional bank stocks have seen partial recoveries after a wave of losses in March and May, but most declined by around 10% over the past two weeks, indicating a bearish trend. PacWest Bancorp is perceived to be next on the "chopping block" due to its high concentration risk in real estate assets and off-balance sheet securities losses; however, it has a low immediate risk of insolvency or liquidity issues.

PacWest Bancorp: Sacrificing Most Of Its Income To Improve Stability

Regional banks have pulled back lately following a brief May and early June reprieve. PacWest's operating situation appears to have stabilized, with the management team taking quick action to raise rates for depositors and selling off a portfolio of construction loans to boost capital. Despite a troubling chart, I assert a value case has emerged in PacWest ahead of Q2 earnings in less than a month, as regional banking troubles seem to have subsided.

PacWest Bancorp: Finding Value After The Storm

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Kennedy Wilson KW, +0.82% said Friday it closed on the initial tranche of loans as part of a $5.7 billion loan portfolio acquisition from Pacific Western Bank PACW, -0.33%, just days after it said it would sell a 95% stake in the loans to Fairfax Financial holdings Ltd. FFH, -3.00%.

Kennedy Wilson closes first tranche of previously-announced loan purchase from PacWest

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Sometimes, no major news can be a good thing for a volatile sector. Odeon Capital initiated coverage on PacWest Bancorp.

Why Shares of PacWest Bancorp, Customers Bancorp, and Merchants Bancorp Are Rising This Week

Odeon Capital analyst Richard Bove on Thursday initiated coverage of PacWest Bancorp PACW, +14.38% with a hold rating. Although the company remains in a high-risk situation, “fears of this company disappearing may have dissipated so that speculators might wish to continue to hold the stock,” Bove said in a research note.

Odeon initiates coverage of ‘stabilized' PacWest with hold rating

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Canadian insurer Fairfax Financial Partners said on Monday it had agreed to buy a huge chunk of PacWest Bancorp real estate loans from property investment firm Kennedy-Wilson Holdings Inc for $2.1 billion.

Fairfax Financial to buy majority of PacWest loans sold to Kennedy-Wilson

Kennedy-Wilson Holdings Inc. KW, +5.33% said it inked an agreement to include Canada's Fairfax Financial Holdings Ltd. FFH, +1.79% in a previously-announced purchase of a portfolio of real estate construction loans from PacWest Bancorp PACW, +14.14%.

Kennedy-Wilson lines up Fairfax Financial as co-buyer of PacWest loan portfolio

PacWest Bancorp experienced extreme volatility in May but has shown positive progress since my previous BUY recommendation. PACW sold a real estate loan portfolio to Kennedy Wilson, strengthening regulatory capital ratios but eroding common equity. My projections for Q2 earnings are similar to street consensus, with EPS falling between $0.10 and $0.40 per share.

PacWest Bancorp Should Make It

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Among its moves this week, the bank sold off $2.7 billion in real estate construction loans. PacWest also sold its Civic Financial Services arm.

Why PacWest Bancorp Jumped Nearly 17% This Week

News for PacWest Bancorp Stock (PACW)