CU BANCORP (NASDAQ:CUNB) Files An 8-K Other Events
Item8.01
| Other Events |
On April6, 2017, CU Bancorp, a California corporation (the
Company) and PacWest Bancorp, a Delaware corporation
(PacWest) issued a joint press release announcing the
execution of an Agreement and Plan of Merger, dated as of April5,
2017, by and between the Company and PacWest, to which the
Company and PacWest will merge, subject to the terms and
conditions set forth therein. A copy of the press release is
attached hereto as Exhibit 99.1 and is incorporated herein by
reference. In addition, the Company and PacWest intend to make
available to investors the slides attached hereto as Exhibit
99.2, which are incorporated herein by reference.
| Item9.01 | Financial Statements and Exhibits |
(d ) Exhibits.
|
Exhibit No. |
Description |
|
| 99.1 | Joint Press Release, dated April6, 2017 | |
| 99.2 | Investor Presentation, dated April6, 2017 |
About CU BANCORP (NASDAQ:CUNB)
CU Bancorp is a bank holding company. The Company’s principal business is to serve as the holding company for its bank subsidiary, California United Bank (the Bank). It operates in commercial business banking segment. The Bank is a commercial bank offering a range of banking products and services designed for small and medium-sized businesses, non-profit organizations, business owners and entrepreneurs, and the professional community, including attorneys, certified public accountants, financial advisors and healthcare providers, and investors. Its deposit products include demand, money market and certificates of deposit, and loan products include commercial, real estate construction, commercial real estate, Small Business Administration (SBA) and personal loans. It also provides cash management services, online banking, commercial credit cards and other primarily business-oriented products. It conducts lending and deposit operations through over 10 branch offices. CU BANCORP (NASDAQ:CUNB) Recent Trading Information
CU BANCORP (NASDAQ:CUNB) closed its last trading session down -0.25 at 39.50 with 71,797 shares trading hands.