PacWest Bancorp insiders have lost more than $500,000 after buying the stock as it plunged last week

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After Group’s Silicon Valley bank troubles became public, a handful of PacWest Bancorp insiders, including Chief Executive Officer Taylor, bought the bank’s stock late last week.

But even though Beverly Hills, California-based bank PACW tried to reassure investors on Friday by saying was a “well-performing, well-diversified” bank with “excellent” asset quality, the stock continued to sink. Enough that the most recently bought shares were priced at less than half the price insiders paid to buy them.


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