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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 ]
Huntington Plaza, formerly the Huntington Trust Building, is an office building in Downtown Columbus, Ohio.It is owned by Huntington Bancshares, and is part of the Huntington Center complex, which also contains the Huntington Center skyscraper, the Huntington National Bank Building, and DoubleTree Hotel Guest Suites Columbus.
PacWest Center is a 30-story, 127.41 m (418.0 ft) office skyscraper in Portland, Oregon. It is the fifth-tallest building in Portland, and the fourth largest with 491,528 sq ft (45,664.4 m 2). [6] The building was designed by Hugh Stubbins & Associates of Cambridge, Massachusetts, and completed in 1984.
Shares of smaller regional lender PacWest Bank plunged nearly 50% Thursday after the company confirmed reports that it was considering "strategic options," that may include the sale of the company.
Stocks of PacWest , Western Alliance , Zions and HomeStreet – mid-sized lenders based in Beverly Hills, Calif., Phoenix, Salt Lake City and Seattle – are down between 40% and 79% year to date.
In 1972, it acquired The First National Bank of Wadsworth and The First National Bank of Kenton, also establishing the first 24-hour, fully automated banking office. In 1973, Alger Savings Bank merged into an affiliate in Kenton, Ohio. In 1976, The Huntington Mortgage Company formed as a subsidiary of Huntington Bancshares, with The ...
Since Friday, short interest in PacWest rose to more than 18% of shares, making it the second most shorted regional bank stock for the same period. PacWest and Western Alliance were also among the ...
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.