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PacWest again amends 2016 buyback plan

PacWest Bancorp's board has expanded the company's repurchase program, authorizing the buyback of up to $350 million of common stock.

The October 2016 plan was for the repurchase of up to $400 million in stock. This was tweaked in November 2017 to just $150 million. Since the most recent adjustment through Feb. 14, PacWest has repurchased 4,025,519 shares for a total of $194.1 million.

The board also extended the program's maturity to Feb. 28, 2019.

The changes took effect Feb. 15.