PacWest Bancorp

#4892

Rank

$958.32M

Marketcap

United States

Country

Leadership team

Mr. Paul W. Taylor (Pres & Director)

Mr. Matthew P. Wagner (CEO & Director)

Mr. Mark T. Yung (Exec. VP & COO)

Products/ Services

Banking, Commercial Lending, Financial Services

Number of Employees

1,000 - 20,000

Headquarters

Beverly Hills, California, United States

Established

1982

Company Registration

SEC CIK number: 0001102112

Net Income

500M - 1B

Revenue

Above - 1B

Traded as

PACW

Social Media

URL

https://www.pacwestbancorp.com

Overview

Location

Recognition and Award

References

Summary

PacWest Bancorp operates as the bank holding company for Pacific Western Bank that provides various banking products and services. The company accepts demand, money market, and time deposits. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, renovation, and construction of commercial real estate properties; small business administration loans; asset-based loans for working capital needs; venture capital loans to support the operations of entrepreneurial and venture-backed companies; and equipment-secured loans and leases. In addition, the company offers consumer loans comprising personal loans, auto loans, home equity lines of credit, revolving lines of credit, and other loans. Further, it provides international banking and multi-state deposit services; money market sweep products; investment advisory and asset management services; treasury and cash management services; telephone banking, remote deposit, and online and mobile banking services; and automated teller machine services. The company offers its products and services to small and mid-sized companies, venture capital and private equity investors, professionals, and other individuals. As of February 1, 2022, it operated through 69 full-service branches located in California; one branch located in Durham, North Carolina; one branch located in Denver, Colorado; and various loan production offices. The company was formerly known as First Community Bancorp and changed its name to PacWest Bancorp in April 2008. PacWest Bancorp was founded in 1999 and is headquartered in Beverly Hills, California.

History

Founded in 1988, PacWest began as a small regional bank whose main focus was to provide local communities with commercial banking services. Over the years, the company has grown and expanded its operations to include both trust and investment services and online banking.

Mission

PacWest Bancorp’s mission is to empower individuals, families, and businesses with the financial tools and products that enable them to reach their goals and create wealth.

Vision

PacWest Bancorp’s vision is to be the premier provider of financial products and services that enable our customers to meet their personal and business goals.

Key Team

Mr. Christopher D. Blake (Exec. VP, Pres & CEO of Community Banking Group)

Mr. William James Black Jr. (Exec. VP of Strategy & Corp. Devel.)

Mr. Bart R. Olson (Exec. VP of Fin.)

Mr. Kevin Lewis Thompson CPA (Exec. VP & CFO)

Ms. Rebecca H. Cordes (Exec. VP of HR)

Ms. Monica L. Sparks (Exec. VP & Chief Accounting Officer)

Ms. Angela Wolfe-M. Kelley (Exec. VP, Gen. Counsel & Corp. Sec.)

Recognition and Awards

PacWest has been a consistent winner of numerous awards and accolades, including being named to Forbes America’s Best Banks list multiple years in a row and receiving the 2017 and 2018 Excellence in Trust and Wealth Management award from WealthManagement.com.