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Banc of California and PacWest to merge, raise $400 million in equity

Banc of California and PacWest Bancorp will merge in an all-stock deal to create a bank with $36 billion in assets, the companies announced on Tuesday. The lenders also raised $400 million in equity from investors managed or advised by Warburg Pincus and Centerbridge Partners. PACWEST SELLS LOAN PORTFOLIO FOR […]

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