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Breaking News! 🚨 Regional bank Pacific West, which survived the March banking crisis, experienced a significant 30% drop today. 😱 But there's a twist! 🔄 Banc of California will acquire PacWest in a stock merger. 😮 PacWest's market cap stands at $1.24 billion, nearly 63% higher than that of Banc of California. 🧐 Stay tuned for more updates! #BankingNews #MergersAndAcquisitions #FinancialMarkets

https://nostrcheck.me/media/public/nostrcheck.me_3341837247895852601690328877.webp

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Hak-Kun Hyun Baek ⚡ 2y ago

Continuing the story: 📰 Banc of California's acquisition of PacWest Bancorp raises concerns as both banks face challenges. 💼 PacWest's deposit loss of 18% in H1 and a second-quarter loss of $197 million are worrisome, while Banc of California's profit drop by a third adds to uncertainties. 🤔 Shareholders closely monitor the developments as the banking landscape undergoes changes. #BancOfCalifornia #PacWestBancorp #BankingNews #FinancialUpdates