PacWest Bancorp

PACW

Market cap $905M

Banc of California Inc (NYSE:BANC ) Q1 2024 Results Conference Call April 23, 2024 1:00 PM ET Company Participants Jared Wolff - Vice Chairman, President & CEO Joseph Kauder - Executive VP & CFO Conference Call Participants Jared Shaw - Barclays Matthew Clark - Piper Sandler Chris McGratty - KBW Timur Braziler - Wells Fargo Gary Tenner - D.A. Davidson Andrew Terrell - Stephens Timothy Coffey - Janney Brandon King - Truist Securities David Feaster - Raymond James Operator Hello, and welcome to Banc of California's First Quarter Earnings Conference Call.

Banc of California, Inc. (NASDAQ:PACW ) Q1 2024 Earnings Conference Call April 23, 2024 1:00 PM ET Company Participants Jared Wolff - President & Chief Executive Officer Joe Kauder - Chief Financial Officer Bill Black - Head-Strategy Conference Call Participants Jared Shaw - Barclays Matthew Clark - Piper Sandler Chris McGratty - KBW Timur Braziler - Wells Fargo Gary Tenner - D.A. Davidson Andrew Terrell - Stephens Timothy Coffey - Janney Brandon King - Truist Securities David Feaster - Raymond James Operator Hello, and welcome to Banc of California's First Quarter Earnings Conference Call.

It's perhaps an opportune moment to think about risky bank stocks to sell. In the aftermath of a tumultuous week in the U.S. financial landscape, where inflation spikes and weakening consumer spending stirred uncertainty, the Federal Reserve maintained caution on interest rate cuts.

Banc of California, Inc. (PACW) Q4 2023 Earnings Call Transcript

Underperforming bank stocks are casting a shadow over the U.S. financial landscape on the back of diminished investor confidence, shaken by the March banking crisis. The banking sector, still reeling from the Silicon Valley Bank collapse and struggles of smaller lenders, has yet to see the same benefits of rising interest rates.

LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (“Banc of California”) (NYSE: BANC) today announced the completion of its transformational merger with PacWest Bancorp (“PacWest”) (Nasdaq: PACW), pursuant to which PacWest has merged into Banc of California, and as of December 1, 2023, Banc of California, N.A. will have merged into Pacific Western Bank (the “combined bank”). The combined bank will operate under the Banc of California name and brand. Concurrent with the completion of the me.

PacWest (PACW) and Banc of California (BANC) receive shareholder approval for their merger deal. The transaction is expected to close on or around Nov 30, 2023, as planned.

Merger proposal receives in excess of 98% approval of the shares voted from each of Banc of California and PacWest Bancorp stockholders Merger proposal receives in excess of 98% approval of the shares voted from each of Banc of California and PacWest Bancorp stockholders

SANTA ANA, Calif. & LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today jointly announced that, at their respective special meetings of stockholders held earlier today, they each received the necessary stockholder approval for the proposed combination of Banc of California and PacWest. The final results for the proposals voted on at the special meetings of each company's stockholders held today will be s.

NEW YORK , Nov. 13, 2023 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp ("PacWest" or the "Company") (NASDAQ: PACW) and certain officers.   The class action, filed in the United States District Court for the Central District of California, and docketed under 23-cv-01685, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired PacWest securities between February 28, 2022 and May 3, 2023, inclusive (the "Class Period").