Banc of California (BANC) is in advanced talks to buy PacWest Bancorp (PACW) and a deal could be announced as soon as today, when both banks are scheduled to report results, people familiar with the matter told The Wall Street Journal’s Lauren Thomas, Justin Baer and Ben Eisen. Centerbridge and Warburg Pincus plan to contribute equity to help fund the deal, the report noted.
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Read More on PACW:
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