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 bank said in a securities filing that it lost 9.5% of its total deposits last week.

PacWest Stock Sinks 25% After Disclosing Fresh Outflow

The volatility in regional bank stocks these days seems to be all about deposits.

PacWest Stock Plummets Again. This Time, It's From News on Deposits.

Markets were under pressure again on Thursday. PacWest stock kept falling as investors fear shrinking deposits.

PacWest Keeps Falling, but This Other Nasdaq Stock Sank Even More

This +2.3% print is the nearest any inflation metrics have gotten to the Fed's optimal inflation gauge.

PPI +2.3% Year Over Year: Lowest Since Pandemic

Today's Producer Price Index (PPI) report for April is out before today's opening bell, with numbers at or below expectations across the board. Headline month-over-month PPI — following yesterday's Consumer Price Index (CPI) (which came down less than expected overall) — reached +0.2%, 10 basis points (bps) below estimates but a big upswing from the upwardly revised -0.4% a month ago.

PPI Increased Moderately in April

PacWest said that recent media reports about the company have spooked some customers. The bank said it lost 9.5% of deposits during the week ending May 5.

Why Shares of PacWest Bancorp Are Plunging Today

PacWest Bancorp was knocked 25% lower when the US trading session opened on Thursday following news of a significant decline in deposits hitting the regional bank last week. During the week ending on May 5, PacWest reported a decline of approximately 9.5% in deposits, with the majority of the outflows occurring on May 4 and May 5 following news reports speculating about the bank's future plans.

PacWest plummets after suffering mass deposit withdrawals

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The Federal Deposit Insurance Corporation was set Thursday to propose levying a special assessment on big banks with high levels of uninsured deposits to replenish the U.S. deposit insurance fund following the failure of Silicon Valley Bank and Signature Bank last month.

FDIC set to levy big banks to pay for $15.8 billion bailout of Silicon Valley, Signature Banks

Shares of PacWest Bancorp fell 30% and were halted for volatility Thursday morning after the regional bank reported that customers had recently drawn down about 9.5% of total deposits.

PacWest Bank shares fall 30% as crisis prompts customers to yank deposits

PacWest (NASDAQ: PACW ) stock is taking a beating on Thursday after the regional bank revealed details on deposits and available funds. PacWest notes that the company saw deposits decrease 9.5% last week and that's not sitting well with investors.

Why Is PacWest (PACW) Stock Down 29% Today?

PacWest reported deposits stabilized, healthy liquidity for its Q1 miss but investors are still rattled. Blackstone plays bank, insurance matchmaker.

PacWest Bancorp Reports Strong Liquidity. Shares Slide On Investor Jitters.

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Regional-bank stocks fell in premarket trades on Thursday after PacWest Bancorp PACW disclosed a 9.5% drop in deposits that took place last week. PacWest stock is leading the group into the red, with a drop of 20%, followed by a 7.2% loss by Western Alliance Bancorp WAL, a 3.7% loss by First Horizon Corp. FHN, a 3.3% drop by Bank of Hawaii Corp. BOH and a loss of 2.9% by Webster Financial Corp. WBS.

PacWest, Western Alliance, Bank of Hawaii stocks fall in premarket

PacWest Bancorp PACW dropped 21% in premarket trades on Thursday after the bank said it lost 9.5% of deposits during the week ended May 5 amid market volatility on the heels of First Republic's government-brokered sale to JPMorgan Chase & Co. JPM. “This event heightened market and customer fears of additional bank failures, including PacWest,” the bank said in a filing.

PacWest stock drops as it reports fresh decline in deposits

The Beverly Hills-based bank said the majority of the 9.5% deposit decline occurred on May 4 and May 5 after news reports that PacWest was exploring all of its options and holding talks with potential investors and partners.

PacWest Stock Tumbles Again. Why Is Everyone Saying Banking Turmoil Is Over?

PacWest Bancorp has $15 billion of immediately available liquidity and enough resources to fund its cash flow needs over the next 12 months, it said on Thursday, but shares were down 7% in premarket trade as investor worries persist.

PacWest says has $15 bln of immediately available liquidity

The world's foremost artificial intelligence stock trading algorithm, An-E, predicts that PacWest (NASDAQ: PACW ) stock will gain 11.2% by June 7. An-E (pronounced Annie) has made this kind of prediction before.

Artificial Intelligence Engine Predicts PACW Stock to Gain 11% by June 7

Shares of PacWest Bancorp have grown as the latest inflation data revealed a cooling trend in prices across the United States. The positive development in inflation provided a boost to regional banks, which had been grappling with investor concerns following the failures of First Republic Bank (NYSE:FRC) and Silicon Valley Bank earlier this year.

PacWest Bancorp shares hotter as inflation cools, boosting regional banks

The inflation reading for April may give some clues as to whether the Fed continues to raise interest rates. Higher rates have caused trouble to lenders by pushing down the value of their bondholdings.

PacWest Gives Up Some Gains Ahead of New Inflation Data

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While concocting a list of the worst regional bank stocks to sell now naturally sets a negative tone, here's the reality. Recently, the AP warned that the banking crisis isn't over yet.

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Bank stocks fall early Tuesday after financial shares pared gains Monday. Investors digest latest data.

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PacWest (PACW) slashes quarterly dividend in a bid to bolster capital levels amid the current regional banking crisis and economic ambiguity.

PacWest (PACW) Cuts Dividend to Build Capital Amid Crisis

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Premarket action on Tuesday had the three major U.S. indexes trading lower. The Dow Jones industrials were down 0.35%, the S&P 500 down 0.36% and the Nasdaq 0.4% lower.

Tuesday Premarket: Spotlight on Bank Lending, Earnings Results

The drama surrounding Silicon Valley Bank, Republic Bank, PacWest Bancorp PACW and other regional banks are provoking tough talk about implementing tighter banking regulations. Those could do more harm than good and won't avert another crisis.

Cracking down on banks now only makes them sitting ducks for the next big hit

News for PacWest Bancorp Stock (PACW)