PacWest, CU's $705M deal latest in wave of bank consolidation
April 07, 2017
Regional Banks | Los Angeles, CA | Corporate Acquisition
PacWest Bancorp (NASDAQ: PACW) has agreed to acquire CU Bancorp (NASDAQ: CUNB) in a transaction valued at approximately $705 million. The combined company would have some $25 billion in assets and 87 branches. The deal is expected to close by the end of this year.