Lenders announce merger as shockwaves from SVB collapse rumble on
Two California-based banks reach agreement.
PacWest, a regional bank that was severely impacted by the banking crisis, has reached an agreement to merge with Banc of California, showing that the repercussions of Silicon Valley Bank's collapse are still ongoing.
The two California-based banks also revealed that Warburg Pincus and Centerbrid
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