PacWest Stock Drops to a New Low. First Horizon and TD Bank Call Off Merger

PacWest Stock Drops to a New Low. First Horizon and TD Bank Call Off Merger

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PacWest Bancorp plunged more than 50% to a new low Thursday, despite comments from its officials that tried to assuage customers and Wall Street. And another regional bank, First Horizon , was having its own troubles after its merger was terminated. PacWest (ticker: PACW) had a dismal trading day…

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