PacWest to Merge With the Smaller Banc of California

PacWest to Merge With the Smaller Banc of California

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The Bank of California is acquiring PAC West Bank Corp in an all-stock deal, despite being smaller in size. The merger follows PAC West's strategic asset sales and involves significant equity from Warburg Pincus and Centerbridge Partners. The deal is seen as complex and unexpected, with market reactions influenced by a recent regional bank crisis and Federal Reserve policies.

Read more

2 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

How much new equity are the banks putting into the deal?

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

3 mins • 1 pt

What were the ripple effects of the regional bank crisis mentioned in the text?

Evaluate responses using AI:

OFF