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Not Just PacWest: These Regional Bank Stocks Plummet Amid Contagion Fears

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Western Alliance and First Horizon led a group of regional banks with massive drops in stock prices Thursday.

Stock prices at a group of big regional banks tumbled Thursday as shares of PacWest Bancorp fell more than 40%, as fears of system-wide banking contagion persist after three bank failures in less than two months, including the second biggest collapse in U.S. history.... [+]Western Alliance Bancorporation

fell by more than a third as of 3:30 p.m. Thursday, dropping more than 35% to $19.07, its lowest point since December 2013., a Memphis-based regional bank, also saw a massive drop in its stock price Thursday, falling more than 32% to a near-three-year low of $10.12.decreased by 7.2% to $41.85 as of Thursday afternoon, a two-year low for the Pasadena, California, bank.stocks are down nearly 13% on the day, dropping to a three-year low of $31.

 

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