Banc of California acquires Pacific Western Bank to recover assets and deposits post SVB fallout
11/14/24, 7:21 PM
Location
santa anasanta anaIn November 2023, Banc of California acquired Pacific Western Bank to address the decline in its assets and deposits following the fallout of Silicon Valley Bank. The acquisition aimed to bolster Banc of California's position in the market and capitalize on opportunities in the fintech and startup sectors.
Company Info
Location
Santa Ana, California, United States
Company info
Banc of California is one of the nation’s premier relationship-based business banks focused on providing banking and treasury management services to small, middle-market and venture-backed businesses. The bank offers a broad range of loan and deposit products and services through more than 90 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina.