Acquiring Company
Banc of California
Acquired Company
PacWest Bancorp
Description
Banc of California has completed its acquisition of PacWest Bancorp, marking a significant expansion in its service capabilities. This transition has positioned Banc of California as one of the largest regional banking franchises on the West Coast. The integration has been ongoing, with a focus on improving profitability and expanding the balance sheet. This acquisition is a pivotal step in the bank's strategy for long-term growth.
M&A Insights
Based on deal dataFrequently asked
Who acquired PacWest Bancorp?
PacWest Bancorp was acquired by Banc of California. The deal was reported on August 7, 2026. Banc of California is publicly traded (BANC).
When did Banc of California acquire PacWest Bancorp?
Banc of California's acquisition of PacWest Bancorp was reported on August 7, 2026. Banc of California has completed its acquisition of PacWest Bancorp, marking a significant expansion in its service capabilities. This transition has positioned Banc of California as one of the largest regional banking franchises on the West Coast. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does PacWest Bancorp do?
PacWest Bancorp is a financial holding company that offers a variety of banking services. It was acquired by Banc of California, contributing to the creation of a large regional banking franchise. It is privately held, operating in Financial Services.