Following the collapse of First Republic Bank, PacWest said it saw a rush of withdrawals. Pictured is a Pacific Western Bank branch in Encino, California, on April 22.
Mandatory Credit: Morgan Lieberman/Bloomberg/Getty Images
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PacWest Bank shares fall 30% as crisis prompts customers to yank deposits
Shares of PacWest Bancorp fell 30% and were halted for volatility Thursday morning after the regional bank reported that customers had recently drawn down about 9.5% of total deposits.
