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PacWest Bank's Financial Struggles Continue Despite $1.4 Billion Funding Boost

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Source: Barron's
PacWest Bank's Financial Struggles Continue Despite $1.4 Billion Funding Boost
Photo: Barron's
TL;DR

PacWest Bancorp's stock fell after the bank announced it will not pursue a capital raise due to low market prices for regional bank stocks. The bank's primary subsidiary, Pacific Western Bank, provided an update on its financial strength.

Topics:businessfinance#capital-raise#finance#financial-strength#pacwest-bancorp#regional-bank-stocks#stock-market
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  1. PacWest Bancorp Stock Tumbles After Bank Opts Against Capital Raise  Barron's
  2. PacWest Gets $1.4 Billion From Atlas Financing Facility, PACW Stock Drops  Bloomberg
  3. Pacific Western Bank Provides Further Update and Details on Financial Strength  Yahoo Finance
  4. PacWest Stock Drops After Reporting Deposit Fall  The Wall Street Journal
  5. PacWest deposits drop 20% YTD, gets $1.4B from Apollo's Atlas SP (NASDAQ:PACW)  Seeking Alpha

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