Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley DreamsRead more

Finance

Banc of California to Buy PacWest in Regional Bank Tie-Up

Banc of California struck a deal to buy PacWest for just over $1 billion in stock, a move by the regional banks to huddle together after their stocks were battered in the wake of the collapses of Silicon Valley Bank and First Republic Bank. The combined bank will have about $36 billion in assets. PacWest said in May that it was exploring a potential sale amid the selloff, and it recently...

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