(Reuters) – PacWest Bancorp said on Thursday that it is exploring strategic asset sales, including moving the $2.7 billion lender finance loan portfolio to held-for-sale in the first quarter.
The bank has not experienced out-of-the-ordinary deposit flows following the sale of First Republic Bank to JPMorgan Chase & Co, PacWest added.
(Reporting by Shivani Tanna in Bengaluru; Editing by Savio D’Souza)
