CapitalSource (CSE) and PacWest Bancorp (PACW) agree to a merger valued at ~$2.3B, creating the...

|By:, SA News Editor

CapitalSource (CSE) and PacWest Bancorp (PACW) agree to a merger valued at ~$2.3B, creating the sixth largest publicly-owned bank headquartered in California. CSE shareholders will receive $2.47 in cash and 0.2837 shares of PACW common stock for each share of CSE common stock. CSE +12.4% AH.