- PacWest sank 28% Thursday after the regional lender reported a 9.5% drop in deposits last week.
- The bulk of the deposit decline came after reports said PacWest was exploring strategic options.
- "The news headlines increased our customers' fears of the safety of their deposits," the bank said.
PacWest stock sank Thursday after the California-based lender said deposits fell last week, reviving concerns about the bank's future.