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The stock of Beverly Hills-based PacWest fell 27% Tuesday after news of the deal was reported by The Wall Street Journal, and the stock of Santa Ana-based Banc of California rose 11%.
PacWest (PACW) stock jumped more than 8% Monday morning as the embattled regional bank offloaded real estate loans. The lender will sell a $2.7 billion portfolio of 74 real estate construction ...
Short sellers have increased their bets against regional bank stocks by more than $440 million over the last 30 days, according to data from S3 Partners. Since Friday, short interest in PacWest ...
PacWest Bancorp. PacWest Bancorp is an American bank holding company based in Beverly Hills, California, with one wholly owned banking subsidiary, Pacific Western Bank. It is a subsidiary of Banc of California. [2] It has 69 branches in California, primarily in the southern and central parts of the state, one in Denver, Colorado, one in Durham ...
CapitalSource is a commercial lender in the United States. It is a division of Pacific Western Bank and provides senior debt loans of $5 million to $100 million to middle-market companies throughout the United States. The company targets specific industries in its portfolio of holdings, particularly focusing on technology, real estate ...
PacWest stock took another dive last week following reports that it had been weighing a sale or capital raise. Those headlines, PacWest said in an SEC filing Thursday, heightened customer "fears ...
The "reverse stock split" appellation is a reference to the more common stock split in which shares are effectively divided to form a larger number of proportionally less valuable shares. New shares are typically issued in a simple ratio, e.g. 1 new share for 2 old shares, 3 for 4, etc. A reverse split is the opposite of a stock split.
The deal, the latest of several moves by the Beverly Hills, Calif.-based lender to shrink its balance sheet, helped push PacWest's stock up 4% Monday. Several other regional banks also rose ...