FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / Articles / Read Article

Print

PacWest Bancorp Explores Sale of Lender Finance Division, Bloomberg

By:
Date: Apr 24, 2023 @ 07:20 AM
Filed Under: Banking News

Bloomberg reported PacWest Bancorp is exploring a sale of its lender finance arm, according to people familiar with the matter.

The California-based bank is working with a financial adviser to solicit interest in the business, said the people, who asked to not be identified because the matter isn’t public. An agreement could be reached within two months, one of the people said, according to Bloomberg.

Read the full Bloomberg news story here (subscription required).



Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.