Banc Of California, PacWest Announce Merger In An All-stock Merger Transaction
Portfolio Pulse from Benzinga Newsdesk
Banc of California and PacWest have announced a merger in an all-stock transaction. Post-merger, the combined entity is expected to have assets worth $36.1 billion, total loans of $25.3 billion, total deposits of $30.5 billion, and over 70 branches in California.
July 25, 2023 | 8:08 pm
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Banc of California is merging with PacWest in an all-stock deal. The merger will significantly increase the bank's assets, loans, and deposits.
The merger will significantly increase Banc of California's assets, loans, and deposits, which could make it more attractive to investors and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
PacWest is merging with Banc of California in an all-stock deal. The merger will significantly increase the bank's assets, loans, and deposits.
The merger will significantly increase PacWest's assets, loans, and deposits, which could make it more attractive to investors and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100