PacWest shares up after selling $2,6 bln loans to Kennedy-Wilson

Shares of regional bank PacWestBancorp (PACW.US) are gaining nearly 4% before the open on Wall Street. The reason for the increases is reports of the sale to Kennedy-Wilson Holdings of a portfolio of 74 real estate construction loans with an outstanding balance of about $2.6 billion.

In the announcement, the bank indicated it would also sell an additional six real estate loans with a balance of $363 million. PacWest has focused on real estate-related products including homeowners association (HOA) banking. Back in February, the bank announced that it was restructuring its Civic loans division to improve profitability.
In early May, the bank reported that its deposits had dropped significantly. It later indicated that it was in discussions with potential investors and business partners with whom it was considering various options to improve operations. The market received the latest news very positively; The construction loan deal is expected to close in several tranches in the second quarter and early third quarter, still in 2023.

PacWest Bancorp (PACW.US) shares, D1 interval. Source: xStation5

11 June 2026, 3:36 PM

Stock of the Week: Lam Research. The quiet seller of AI "picks and shovels"

11 June 2026, 3:01 PM

OpenAI heads into a price war ahead of an IPO?

11 June 2026, 2:42 PM

US OPEN: A recovery after declines, Trump threatens to resume fighting with Iran

11 June 2026, 1:19 PM

Market wrap: European stock indices try to rebound 📈 WizzAir surges 6% after earnings

Stocks

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days