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A Pacific Western Bank branch in Los Angeles, California, US, on Friday, March 10, 2023.
Eric Thayer | Bloomberg | Getty Images
PacWest Bancorp shares tumbled 44% in extended trading on Wednesday following a report that the bank is weighing a sale.
The shares of many West Coast regional banks have been hit particularly hard since the collapse of Silicon Valley Bank in March, in part because of concerns that their customer bases are similar. PacWest is based in Los Angeles.
This is breaking news. Please check back for updates.
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