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Banc of California and PacWest to merge, raise $400 million in equity

Por: Fox Business Business July 26, 2023

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Check out what's clicking on FoxBusiness.com Banc of California and PacWest Bancorp will merge in an all-stock deal to create a bank with $36 billion in assets, the companies announced on Tuesday. The lenders also raised $400 million in equity from investors managed or advised by Warburg Pincus and Centerbridge Partners. The combined bank will have $25.3 billion in total loans and more than 70 branches in California. It will be based in Los... + full article



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