Another one bites the dust... Pac West bank to merge with Banc of California

The 4th U.S. bank collapse of 2023 is happening, and is getting almost no press in the business media.  Hmmmmmmmm... 

This Yahoo Finance article today (7/25/2023) reports that the struggling Orange County (CA) bank, PacWest is close to completing a merger deal with L.A. based Banc of California.  This is the first U.S. bank to go out of business since the banking crisis in March, 2023.  

Here's a New York Times article on the collapse of PacWest and merger to Banc of California.

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Steve Emig The White Bear's Substack