PacWest is merging with Banc of California, the latest shakeup in the U.S. banking sector after the collapse of three banks earlier this year.. After the all-stock deal is complete, the combined ...

Banc of California and PacWest Bancorp will merge in an all-stock deal to create a bank with $36 billion in assets, the companies said on Tuesday, coming together just months after the regional ...

The firms will carry the Banc of California name, and that firm’s chief executive, Jared Wolff, will lead management. The deal is expected to close late this year or early in 2024.

PacWest Bancorp is set to merge with Banc of California and raise $400 million in equity, according to a joint announcement the banks released Tuesday afternoon, ahead of their second-quarter ...