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Banc of California, Inc. today announced the appointments of Todd Schell, a principal of Warburg Pincus LLC, and John M. Eggemeyer, Paul R. Burke, and Susan E. Lester, each directors of PacWest...
Bank to offload a portion of its mortgage portfolio
Dimon had taken a keen interest in PacWest since April, when the California lender became engulfed in the broader turmoil hitting regional banks
The all-stock deal will create a combined $36 billion asset bank
Warburg Pincus and Centerbridge Partners are financing the merger of Banc of California and PacWest Bancorp.