pacwest deal marks a net positive for the banking sector analyst says regionalbank stocks rose wednesday as hardhit pacwest bancorp agreed to be acquired by banc of california in a sign that the hangover from bank failures earlier this year may be receding the implied take out price of 960 is higher than many estimated with pacwest resolution a net positive for the banking sector kbw analyst christopher mcgratty said in a research note gains for regionalbank stocks widened after the federal open market committee raised its benchmark rate by a quarter point as expected and reiterated its objective of fighting inflation the decision puts rate at a range of 52555 also readfed raises interest rates to 22year high signals it is prepared to do more the spdr sp regional banking exchangetraded fund kre moved up by 5 after rising 4 prior to the feds move the kbw nasdaq bank index advanced by 2 and the financial select spdr etf xlf moved up by 05 the invesco kbw bank index kbwb advanced by 19 among individual names pacwest bancorp pacw rallied 25 after it agreed to be acquired by banc of california inc banc banc of californias stock dipped 03 western alliance bancorp wal gained 115 east west bancorp inc ewbc moved up by 69 first horizon corp fhn rose 49 citizens financial group inc cfg rose 42 zions bancorp zion moved up by 73 and comerica inc cma advanced by 63 keycorp key rose 74 and metropolitan bank holding corp mcb went up by 62 this content was created by marketwatch which is operated by dow jones  co marketwatch is published independently from dow jones newswires and the wall street journal