The embattled bank said that the decision to withhold 2016 bonuses for CEO Tim Sloan and seven other executives was not based on any findings of improper behavior.
Customers and employees of Opus Bank and Banc of California could bolt to several other Southern California banks amid downsizing, scandal and credit quality issues.
Not every bank could simultaneously make and entertain acquisition offers like Pacific Continental did, but its story highlights hard questions facing financial institutions in a consolidating industry.
