Banc of California Inc. shares rose as PacWest Bancorp.’s fell Tuesday following a report that the former was in talks to buy the latter. Banc of California...
Banc of California Inc. BANC shares rose as PacWest Bancorp.’s PACW fell Tuesday following a report that the former was in talks to buy the latter. Banc of California shares were last up 8%, while PacWest shares were down 10% in recent activity after the Wall Street Journal reported, citing sources close to the deal, that a deal could be announced as soon as Tuesday, when the banks report results.
... Banc of California Inc. BANC shares rose as PacWest Bancorp.’s PACW fell Tuesday following a report that the former was in talks to buy the latter. Banc of California shares were last up 8%, while PacWest shares were down 10% in recent activity after the Wall Street Journal reported, citing sources close to the deal, that a deal could be announced as soon as Tuesday, when the banks report results.
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