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PacWest Bancorp acquires CU Bancorp in $705 million deal

By   /  Friday, April 7th, 2017  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on PacWest Bancorp acquires CU Bancorp in $705 million deal

PacWest Bancorp has acquired CU Bancorp in a transaction valued at approximately $705 million. CU Bancorp, headquartered in Los Angeles, is the parent of California United Bank, which has branches in Thousand Oaks and Simi Valley. The bank has about $3 billion in assets and nine branches in Los Angeles, Orange, Ventura and San Bernardino Read More →

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