PacWest merges with Banc of California in all-stock deal
25 Jul 2023 25 Jul 2023
(Reuters) – Banc of California and PacWest Bancorp on Tuesday announced an all-stock merger with a $400 million equity raise from Warburg Pincus and Centerbridge Partners.
(Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur)