Shares of PacWest Bancorp shot 14% higher in Tuesday’s aftermarket trading after the regional bank disclosed a rise in deposits in recent weeks.
PacWest PACW said alongside its first-quarter earnings report that total deposits rose to $ 28.2 billion as of March 31 from $ 27.1 billion when the company provided a March 20 investor update. The company saw deposit balances grow by an additional $ 700 million or so as of April 24.
The…