Banc Of California shares are trading higher after the company announced a merger with PacWest.
Portfolio Pulse from Benzinga Newsdesk
Banc Of California has announced a merger with PacWest, leading to a rise in its share prices.
July 25, 2023 | 9:08 pm
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Banc Of California's shares are trading higher after the company announced a merger with PacWest.
The announcement of a merger typically leads to a rise in the share prices of the companies involved, as it often signals growth and expansion. In this case, Banc Of California's shares have risen following the announcement of its merger with PacWest.
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