PacWest Bancorp

Xilio Therapeutics Announces Pipeline and Business Updates and Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Monday, April 1, 2024

WALTHAM, Mass., April 01, 2024 (GLOBE NEWSWIRE) -- Xilio Therapeutics, Inc. (Nasdaq: XLO), a clinical-stage biotechnology company discovering and developing tumor-activated immuno-oncology therapies for people living with cancer, today announced pipeline progress and business updates and reported financial results for the fourth quarter and full year ended December 31, 2023.

Key Points:

Xilio today reaffirmed plans to:
Select a recommended Phase 2 dose for XTX101 in combination with atezolizumab in the second quarter of 2024.
In March 2024, Xilio and Gilead Sciences, Inc. (Gilead) announced an exclusive license agreement for Xilio’s tumor-activated IL-12 program, including XTX301.
Xilio will also be eligible to receive tiered royalties ranging from high single digits to mid-teens on annual global net product sales.
Net Loss: Net loss was $17.7 million for the quarter ended December 31, 2023, compared to $22.5 million for the quarter ended December 31, 2022.

Xilio Therapeutics Announces $11.3 Million Private Placement Equity Financing

Retrieved on:

Thursday, March 28, 2024

WALTHAM, Mass., March 28, 2024 (GLOBE NEWSWIRE) -- Xilio Therapeutics, Inc. (Nasdaq: XLO), a clinical-stage biotechnology company discovering and developing tumor-activated immuno-oncology therapies for people living with cancer, today announced that it has entered into a securities purchase agreement with certain existing accredited investors, including Bain Capital Life Sciences and Rock Springs Capital, to issue and sell an aggregate of 1,953,125 shares of Xilio common stock at a price of $0.64 per share and prefunded warrants to purchase up to an aggregate of 15,627,441 shares of Xilio common stock at a purchase price of $0.6399 per prefunded warrant share, through a private investment in public equity financing. The prefunded warrants will have an exercise price of $0.0001 per share of common stock, be immediately exercisable and remain exercisable until exercised in full. Xilio anticipates receiving aggregate gross proceeds from the private placement of approximately $11.3 million, before deducting placement agent fees and expenses payable by the company. The private placement is expected to close on April 2, 2024, subject to the satisfaction of customary closing conditions. Xilio expects to use the proceeds from the private placement to fund working capital and other general corporate purposes.

Key Points:

Xilio anticipates receiving aggregate gross proceeds from the private placement of approximately $11.3 million, before deducting placement agent fees and expenses payable by the company.
The private placement is expected to close on April 2, 2024, subject to the satisfaction of customary closing conditions.
Xilio expects to use the proceeds from the private placement to fund working capital and other general corporate purposes.
Prior to the potential transition fee, Xilio is eligible to receive up to a total of $29.0 million in additional equity investments and a development milestone payment.

Banc of California Announces New Community Banking Leaders

Retrieved on:

Tuesday, April 9, 2024

Finance, Business, Banking, Professional Services, Small Business, Baron, Banq, Commercial property, BANC, Banc of California, Warner Center, Los Angeles, PacWest Bancorp, Treasury, Disability, Bank

Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today that it has promoted several leaders in Community Banking, which provides in-market relationship lending and treasury management solutions through its network of branches and regional offices.

Key Points:

Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today that it has promoted several leaders in Community Banking, which provides in-market relationship lending and treasury management solutions through its network of branches and regional offices.
Chris Baron has been promoted to President, Community Banking, to oversee Banc of California’s five regions in California and Colorado, along with its national asset-based lending business finance team.
Baron is based in Beverly Hills, California, and reports to Hamid Hussain, President of Banc of California.
In addition, he sits on the BANC Foundation board for Banc of California.

Credit and Loan Origination Industry Veteran Phil Soh Joins GreenLake Asset Management

Retrieved on:

Monday, March 11, 2024

Citizens Business Bank, TAFE Queensland, BOC, Wachovia, Banc of California, PacWest Bancorp, Acquisition, LPL Financial, Banq, Financial services

LOS ANGELES, March 11, 2024 /PRNewswire/ -- GreenLake Asset Management ("GreenLake" or the "Firm"), a nationwide leader specializing in providing short-term commercial real estate bridge loans, today announced that Phil Soh has joined the Firm as a Managing Director. Mr. Soh will focus on new credit originations spanning the commercial real estate market.

Key Points:

LOS ANGELES, March 11, 2024 /PRNewswire/ -- GreenLake Asset Management ("GreenLake" or the "Firm"), a nationwide leader specializing in providing short-term commercial real estate bridge loans, today announced that Phil Soh has joined the Firm as a Managing Director.
Mr. Soh will focus on new credit originations spanning the commercial real estate market.
Mr. Soh brings to GreenLake more than two decades of experience in management, credit administration, underwriting and sales.
Before that, he held senior credit and business development positions at Citizens Business Bank and Wells Fargo / Wachovia Bank.

Banc of California Named by Newsweek as One of America’s Greatest Workplaces for Women 2024

Retrieved on:

Wednesday, March 6, 2024

Banc of California, Inc. (NYSE: BANC) today announced that its wholly owned subsidiary and premier relationship-focused business bank, Banc of California, has been recognized by Newsweek and Plant-A Insights Group as one of America’s Greatest Workplaces for Women 2024 .

Key Points:

Banc of California, Inc. (NYSE: BANC) today announced that its wholly owned subsidiary and premier relationship-focused business bank, Banc of California, has been recognized by Newsweek and Plant-A Insights Group as one of America’s Greatest Workplaces for Women 2024 .
Banc of California is one of only four companies in the banks category to earn five out of five stars.
View the full release here: https://www.businesswire.com/news/home/20240306989397/en/
“Banc of California is thrilled to be recognized as having a great workplace for women,” said Jared Wolff, CEO of Banc of California.
To that end, Newsweek and Plant-A Insights are proud to introduce America’s Greatest Workplaces for Women.”

Bridge Bank’s Life Sciences Group Hires Phillip Ho in San Francisco

Retrieved on:

Thursday, February 22, 2024

Banking, Fintech, Professional Services, Finance, Senior, PacWest Bancorp, GE Capital, Multimedia, Pacific Northwest, BMO Capital Markets, Bank, Growth, JPMorgan Chase, Credit Suisse, Credit Suisse First Boston, Bridge bank, Management

Bridge Bank today announced that Phillip “Phil” Ho has joined its Life Sciences Group as senior vice president.

Key Points:

Bridge Bank today announced that Phillip “Phil” Ho has joined its Life Sciences Group as senior vice president.
View the full release here: https://www.businesswire.com/news/home/20240222884279/en/
Phillip “Phil” Ho, Senior Vice President in Bridge Bank’s Life Sciences Group.
(Photo: Business Wire)
In his new role, Phil will support Bridge Bank’s Life Sciences Group in its mission to help companies in the industry bring their visions to market, working specifically with clients in the San Francisco Bay Area and the Pacific Northwest.
“I am excited to join Bridge Bank’s dynamic life sciences group and contribute to its forward-thinking approach to fostering innovation,” said Phil.

Banc of California and PacWest Bancorp Receive Stockholder Approvals for their Merger

Retrieved on:

Wednesday, November 22, 2023

Banq, Banc of California, PacWest, BANC, LOS, PacWest Bancorp

SANTA ANA, Calif. and LOS ANGELES, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today jointly announced that, at their respective special meetings of stockholders held earlier today, they each received the necessary stockholder approval for the proposed combination of Banc of California and PacWest.

Key Points:

SANTA ANA, Calif. and LOS ANGELES, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today jointly announced that, at their respective special meetings of stockholders held earlier today, they each received the necessary stockholder approval for the proposed combination of Banc of California and PacWest.
The transaction is expected to close as planned on or around November 30, 2023, subject to the satisfaction of certain closing conditions.
“We are very pleased that the merger has received overwhelming approval from stockholders of each institution,” said Jared Wolff, President and CEO of Banc of California.
The merger also creates a well-capitalized and highly liquid institution that will provide our clients with exceptional service and expanded expertise.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on:

Monday, November 13, 2023

NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points:

NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of PacWest Bancorp of a Class Action Lawsuit and a Lead Plaintiff Deadline of November 13, 2023 – (NASDAQ: PACW)

Retrieved on:

Monday, November 13, 2023

NEXT, PacWest Bancorp, Fraud, PacWest, Holding company, Security (finance)

NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of PacWest Bancorp.

Key Points:

NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of PacWest Bancorp.
Shareholders who purchased shares of PACW during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment.
DEADLINE: November 13, 2023 Shareholders should not delay in registering for this class action.
The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship.

PACW DEADLINE TODAY: ROSEN, A LEADING NATIONAL FIRM, Encourages PacWest Bancorp Investors to Secure Counsel Before Important November 10 Deadline in Securities Class Action – PACW, PACWP

Retrieved on:

Friday, November 10, 2023

Titan, PacWest Bancorp, Advertising, Class, I-Space (Chinese company), Court, PacWest, Insurance, Tobacco

WHAT TO DO NEXT: To join the PacWest class action, go to https://rosenlegal.com/submit-form/?case_id=13000 or call Phillip Kim, Esq.

Key Points:

WHAT TO DO NEXT: To join the PacWest class action, go to https://rosenlegal.com/submit-form/?case_id=13000 or call Phillip Kim, Esq.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.