(CNBC) PacWest Bancorp shares tumbled 56% in extended trading on Wednesday following news that the bank is weighing strategic options. The regional bank is assessing options, including a possible sale, and bringing in advisors to evaluate longer-term plans for the business. Piper Sandler and Stephens are the two firms advising PacWest.
PacWest falls more than 50% after hours on report bank is considering strategic options
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