PacWest Bancorp in Los Angeles is the latest bank to exit its loss-share agreements with the Federal Deposit Insurance Corp.

The $21 billion-asset PacWest said in a press release Friday that it will record an after-tax charge of about $3.7 million in the second quarter to write off the remaining loss-sharing asset, relieve the claw-back liability and recognize a $7.9 million payment to the FDIC.

PacWest signed the loss-share agreements in 2009 and 2010 as part of its acquisitions of two failed banks.

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