PacWest Bancorp shares are trading higher after the company announced a merger with Banc of California.
Portfolio Pulse from Benzinga Newsdesk
PacWest Bancorp has announced a merger with Banc of California, leading to a rise in PacWest's share prices.
July 25, 2023 | 9:01 pm
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PacWest Bancorp's shares are trading higher after the company announced a merger with Banc of California.
Mergers often lead to a rise in the share prices of the companies involved due to the potential for increased market share and synergies. This is reflected in the rise of PacWest Bancorp's shares following the merger announcement.
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