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Banc of California sees deposits unexpectedly drop in quarter

Banc of California sees deposits unexpectedly drop in quarter
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Beverly hillsUnited statesPaul taylorEric thayer bloombergSilicon valley bankBanc of california incFederal reservePacwest bancorpCalifornia incWest chief executive officer paul taylorCalifornia based bancSilicon valley

PacWest sells $3 5 billion loan portfolio to asset management firm Ares

Since late May, Los Angeles-based PacWest has also sold its real estate lending unit and a huge chunk of its real estate loans.

United statesPaul taylorFederal reserveExchange commissionPacwest bancorpAres managementLos angeles based pacwestWest chief executive officer paul taylorAcwest loan portfolioSset management firm aresReal estate loansPacwest bancorpInance loan portfolio