PacWest Bancorp Announces the Sale of $323.6 Million of Non-Covered Adversely Classified Loans, Including $107.6 … (PR Newswire via Yahoo! Finance)
PacWest Bancorp today announced that on Tuesday, February 23, 2010, its wholly-owned bank subsidiary, Pacific Western Bank, completed the sale of 61 non-covered adversely classified loans totaling $323.6 million, which includes $107.6 million of nonaccrual loans, to an institutional buyer for $200.6 million in cash. Â The sale was on a servicing-released basis and without recourse to Pacific …
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PacWest Bancorp Announces the Sale of $323.6 Million of Non-Covered Adversely Classified Loans, Including $107.6 … (PR Newswire via Yahoo! Finance)
