Did P&G buy Merck?

Written by Admin | Last Updated: July 2026

Yes, Pacific Western Bank and Banc of California completed a transformational merger on December 1, 2023. Pursuant to the merger agreement, PacWest Bancorp merged into Banc of California, and Pacific Western Bank was subsequently merged into Banc of California, N.A. Following the consolidation, the combined financial institution operates under the Banc of California name and brand. This merger was part of a strategic repositioning that also included an equity raise and the sale of approximately $1.9 billion in assets from the securities portfolios of both predecessor banks.

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