PacWest Bancorp

PacWest Bancorp is a bank holding company, which specializes in financial and banking solutions. It offers commercial banking services including real estate, construction, commercial loans, comprehensive deposit, and treasury management services to small and middle-market businesses through the Pacific Western Bank. The company was founded on October 22, 1999, and is headquartered in Beverly Hills, CA.

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PacWest Bancorp restructures for growth, faces deposit challenges ahead

PacWest Bancorp's Q4 call highlighted strategic shifts, financial goals, and a focus on stability amidst economic challenges.
Management's alignment with the new plan, commitment to technology, and solid credit quality position the company for growth.
Challenges in deposit gathering, potential Fed rate impacts, and criticized loans require attention for sustained performance.

PacWest Bancorp beats estimates, focuses on stability and growth

PacWest Bancorp navigated challenges with resilience, reporting strong financial performance and stable credit quality amidst deposit fluctuations.
The company's focus on liquidity, expense management, and capital optimization positions it well for future growth and profitability.
Strategic initiatives to enhance operational efficiency and explore new revenue streams underscore PacWest's commitment to long-term value creation.

PacWest Bancorp and Banc of California merger set for growth

The merger between PacWest Bancorp and Banc of California is poised to deliver immediate benefits and long-term value through enhanced financial metrics and operational efficiencies.
While facing challenges in a slow economy and cost savings targets, the combined company has clear strengths in product offerings, funding profile, and talent retention strategies.
Strategic initiatives, conservative growth projections, and a focus on technology integration and fee revenue generation present opportunities for sustainable growth and profitability post-merger.

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PacWest Bancorp announced the sale of 74 real estate construction loans this week. The asset sale has resulted in a sharp upward revaluation of PacWest Bancorp's shares.

PacWest: Asset Sale Likely A Major Win

PacWest (PACW) announces strategic actions to bolster operating efficiency and focus on core business. These steps help regain investor confidence in the stock, which rallies 28.8%.

PacWest (PACW) Gains 28.8% on Business Restructuring Efforts

PacWest Bancorp will sell its real-estate lending arm to Roc360, as the beleaguered regional bank moves to refocus on its core business.

PacWest sells its real-estate lending business to Roc360

Shares of PacWest Bancorp climbed 6.4% in premarket trading on Wednesday after the U.S. mid-sized lender agreed to sell its property lending unit in the second asset sale this week to bolster its balance sheet.

PacWest shares extend recovery on sale of real-estate lending unit

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Roc360 announced that it will buy PacWest's Civic Financial Services business, which lends to landlords and property investors.

PacWest Stock Rises on Sale of Real Estate Lending Unit

NEW YORK , May 23, 2023 /PRNewswire/ -- Roc Capital Holdings LLC ("Roc360"), a vertically integrated platform for residential real estate investors and a leading originator of business-purpose loans nationwide, today announced it has purchased the origination assets of Civic Financial Services ("CIVIC"), a subsidiary of Pacific Western Bank ("PacWest Bancorp"; Nasdaq: PACW). In 2022, Roc360 affiliates and CIVIC collectively funded in excess of $7.6 billion in business-purpose loans.

Roc360 Further Expands its Leading Portfolio of Brands with Acquisition of Origination Assets of Civic Financial Services

PacWest Bancorp has struck a deal to sell its real-estate lending arm to Roc360 for an undisclosed price, the Wall Street Journal reported on Tuesday.

PacWest sells real-estate lending unit to Roc360 - WSJ

The struggling regional bank is selling Civic Financial Services to Roc360.

PacWest Sells Real-Estate Lending Unit

PacWest (NASDAQ: PACW ) stock is taking off on Tuesday as investors react to the regional bank selling real estate loans. PacWest revealed in a filing with the Securities and Exchange Commission (SEC) that it will sell $2.6 billion worth of real estate loans to Kennedy-Wilson Holdings, Inc. This covers 74 a portfolio of real estate construction loans.

PACW Stock Alert: The $2.6 Billion Reason PacWest Is Up Today

Kennedy-Wilson Holdings, Inc. and PacWest Bancorp have agreed upon a win-win transaction, providing stability and liquidity for the latter and upside for the former. Kennedy-Wilson will purchase $2.6 billion worth of real estate construction loans from PacWest for $2.4 billion, transferring $200 million of extra value from PacWest to itself and its partners.

PacWest Bancorp Surges On Win-Win Deal With Kennedy-Wilson Holdings

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Shares of PacWest Bancorp PACW, +19.55% shot up 16.1% toward a three-week high in premarket trading Tuesday, and helped fuel a broader rally for the regional bank sector. PacWest's stock extends the recent surge, including Monday's 19.6% jump after the bank unveiled a plan to sell $2.6 billion worth of loans, and a 49.9% run up over the past four sessions.

PacWest stock soars again toward 3-week high, to help fuel gains in the regional bank sector

PacWest shares jumped Tuesday after the US bank announced a $2.6 billion real-estate loan sale.  The Beverly Hills-based lender agreed to sell the loans to Kennedy-Wilson Holdings at a $200 million discount.

PacWest shares jump 19% after the Beverly Hills-based bank agrees to sell $2.6 billion of real-estate loans to shore up its finances

PacWest Bancorp's shares climbed 13% in premarket trading on Tuesday, extending gains from the previous session after the bank's plan to sell $2.6 billion worth of its loan portfolio to build capital fueled optimism among investors.

PacWest Bancorp's plan to sell $2.6 bln real estate loans calms investors

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Yelp shares rally on report activist investor wants sale, while PacWest stock climbs for second day

PacWest Bancorp sold 74 construction loans valued at $2.6 billion to Kennedy-Wilson Holdings, as it tries to boost its finances.

PacWest Sells Construction Loans to Raise Cash

The company posted an SEC filing Monday showing it had sold off $2.7 billion in real estate construction loans. The move is designed to shore up its community banking business.

Why PacWest Bancorp Was Skyrocketing Today

PacWest Bancorp  (NASDAQ:PACW) stock is up 11.3% at $6.38 this afternoon, propping up sector peers today after the bank revealed plans to sell a portfolio containing 74 real estate construction loans worth roughly $2.6 billion to real estate investment company Kennedy Holdings.

Put Traders Bet on More Lows for PacWest Stock

PacWest Bancorp, one of the US regional banks that was in trouble earlier this month, steadied itself by striking an agreement to sell a $2.6 billion portfolio of 74 real estate construction loans to boost liquidity. In a statement, the LA-based lender said Kennedy-Wilson Holdings Inc will buy the loans at a discounted price of about $2.4 billion.

PacWest Bancorp soars after it strikes deal to sell $2.6 billion real estate loans to Kennedy-Wilson unit

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PacWest (NASDAQ: PACW ) was able to sell some of its real estate loans, sending PACW stock up nearly 10% in pre-market trading this morning. A portfolio of construction loans worth $2.6 billion was sold at a discount to Kennedy-Winston Holdings (NYSE: KW ), a multinational real estate company based in Beverly Hills, California.

PACW Stock Alert: PacWest Loan Sale Gives Investors Hope

The bank and other regional lenders have come under fire from investors over the past few months.

News for PacWest Bancorp Stock (PACW)