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Pacific Western Bank and Silicon Valley Bank Logos

Jaap Arriens via Reuters Connect

Banking crisis continues

First Republic Bank, seized and sold to JPMorgan Chase on Monday, was supposed to be the last victim of the US financial-sector crisis. But there’s still plenty of volatility in the regional banking market — which began with the collapse of SVB in March.

The latest on the apparent chopping block? PacWest. The LA-based midsize lender saw its shares plummet by more than 50% Thursday before news broke that it was selling a $2.7 billion loan portfolio.

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