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Regulators OK PacWest-CU Bancorp deal

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Regulators OK PacWest-CU Bancorp deal

PacWest Bancorp and CU Bancorp have secured all requisite regulatory approvals for their pending merger.

Beverly Hills, Calif.-based PacWest's acquisition of Los Angeles-based CU was announced in April. The parties expect to complete their deal at the close of business Oct. 20.