Will another bank bite the dust? Pacwest seeks help

Reuters/Mike Blake
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Another regional bank is reportedly considering a sale or other moves.

Bloomberg reported Wednesday that PacWest Bancorp is mulling those options. The California-headquartered bank has not seen an official process for an auction kickoff so far, according to the report.

The outlet attributed the information to unnamed sources “familiar with the matter.” Those sources reportedly indicated selling all of the bank’s businesses as one hasn’t been attractive to many entities.

The other options PacWest is looking at include raising capital or breaking its businesses up, according to Bloomberg.

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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!