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PacWest selling $1.5 billion in cash flow loans

By   /   Thursday, December 14th, 2017  /   Comments Off on PacWest selling $1.5 billion in cash flow loans

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PacWest Bancorp, parent company of Pacific Western Bank, announced on Dec. 11 that it has agreed to sell cash flow loans with an aggregate carrying value of $1.49 billion and anticipates to see a pre-tax gain of about $13 million. In relation to the sale of the portfolio, PacWest is exiting its commercial lending origination…

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