PacWest selling $1.5 billion in cash flow loans

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PacWest selling $1.5 billion in cash flow loans

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

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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