Banc of California has completed its merger with PacWest Bancorp, creating the third largest bank headquartered in California. The combined business, which will operate under the Banc of California name, also completed a $400 million equity raise from various investment groups. The bank has sold around $1.9 billion in assets as part of a balance sheet repositioning strategy.
SNAP benefits don't cover healthier diet costs: Study
As 42 million low-income recipients Supplemental Nutrition Assistance Program (SNAP) benefits get caught in the ongoing government shutdown, a new study suggests the program’s purchasing
