tldrdailynews.com logo

PacWest's Real-Estate Lending Business Sold to Roc360 Amid Investor Concerns.

1 min read
Source: Yahoo Finance
TL;DR

PacWest Bancorp has sold its real estate lending unit, Civic Financial Services, to Roc360, a real estate lending firm. The terms of the deal were not disclosed. PacWest has been struggling with unrealized losses on its holdings of bonds and loans, and some investors have grown concerned about its concentration in commercial real estate loans. The sale of Civic is part of PacWest's restructuring efforts to improve profitability and risk profile.

Topics:business#business#pacwest-bancorp#real-estate-lending#restructuring#roc360#sale
Share this article
  1. Struggling PacWest Offloads Real-Estate Lending Business To Roc360: Here's Why  Yahoo Finance
  2. PacWest Sells Real-Estate Lending Unit - WSJ  The Wall Street Journal
  3. PacWest shares slip as debt ceiling concerns overshadow asset sale optimism  Reuters.com
  4. PacWest's latest bid to restore investor confidence  Yahoo Finance
  5. PacWest shares rebound following deals to sell estate loans  American Banker

Want the full story? Read the original reporting

Read on Yahoo Finance