Pacwest Bancorp Said On May 19, 2023 Bank Subsidiary, Pacific Western Bank Entered Into Loan Purchase And Sale Agreement With A Wholly-owned Subsidiary Of Kennedy-Wilson Holdings To Sell To Kennedy Wilson A Portfolio Of 74 Real Estate Construction Loans
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Pacwest Bancorp's subsidiary, Pacific Western Bank, has entered into a loan purchase and sale agreement with a subsidiary of Kennedy-Wilson Holdings to sell a portfolio of 74 real estate construction loans.
May 22, 2023 | 10:10 am
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Pacwest Bancorp's subsidiary, Pacific Western Bank, sells a portfolio of 74 real estate construction loans to a subsidiary of Kennedy-Wilson Holdings.
The sale of the loan portfolio is a routine business transaction for Pacwest Bancorp's subsidiary, Pacific Western Bank. While it may generate some revenue for the company, it is not expected to have a significant short-term impact on the stock price of PACW.
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