BANC / JPMorgan Chase will reportedly pick up $1.8bn of loans following US regional bank merger

Banc of California and Pacific Western Bank are merging, creating a combined company with over 70 branches in California. The merger is a lifeline for more_horizontal

Banc of California (BANC) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares more_horizontal

Banc of California, Inc. (NYSE:BANC ) Q2 2023 Earnings Call Transcript July 26, 2023 12:00 PM ET Company Participants Jared Wolff - President and Chie more_horizontal

JPMorgan Chase & Co (NYSE:JPM) will acquire $1.8 billion of single-family residential loans to assist Banc of California (NYSE:BANC)'s acquisition of more_horizontal

Banc of California Inc.'s proposed agreement to acquire PacWest Bancorp. helped send regional-bank stocks considerably higher on Wednesday. more_horizontal

Imperiled bank PacWest shares soared in early trade on Wednesday after news of its merger with smaller rival Banc of California in a $1.1 billion all- more_horizontal

In a significant development in the banking sector, Banc of California (NYSE:BANC) and PacWest Bancorp have announced their intention to merge, formin more_horizontal

PacWest (PACW) and Banc of California (BANC) announce an all-stock merger deal. more_horizontal