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...
Investors remain concerned about the future of regional banks. After regulators seized the struggling First Republic Bank and auctioned it off Sunday (April 30) and JPMorgan Chase agreed to acquire it on Monday (May 1), shares of other regional banks dropped on Tuesday (May 2),...
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 $2.1 billion from the Bank Term...
July 26, 2023
Banc of California is reportedly selling $1.8 billion worth of single-family residential home loans at a discount to JPMorgan Chase as part of an agreement to facilitate the former’s acquisition of PacWest Bancorp. In a presentation Tuesday, Banc of California said it had entered into a “contingent forward asset sale agreement” for its residential mortgage portfolio, but […]
May 03, 2023
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...
May 02, 2023
Investors remain concerned about the future of regional banks. After regulators seized the struggling First Republic Bank and auctioned it off Sunday (April 30) and JPMorgan Chase agreed to acquire...
March 22, 2023
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),...
