Shares of PacWest Bancorp fell 20% in early trading Thursday after the regional bank reported that customers had recently drawn down about 9.5% of total deposits.
PacWest is one of several mid-size lenders that has been under intense scrutiny in the weeks since Silicon Valley Bank collapsed, setting off a panic around the financial stability of similarly positioned banks.
In the first week of May, following the collapse of First Republic Bank, PacWest said it saw a rush of withdrawals.
Other regional bank shares, including Western Alliance and Zions, were also down Thursday in pre-market trading.
This story is developing. It will be updated.
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