Pacific Western Bank, the wholly owned banking subsidiary of PacWest Bancorp, announced the release of the 2021 Environmental Social Governance Report, which is available here.

Some of the key developments that are highlighted in the 2021 Report include:

• $1 billion in lending benefiting low- or moderate-income individuals and small businesses
• $3.5 million in charitable contributions to benefit local communities
• Outstanding CRA rating from the FDIC
• 2,896 Employee volunteer hours
• Its total workforce is 51 percent racially diverse
• Originated 2,032 Paycheck Protection Program loans to help small businesses in its communities

“We believe that change is driven by empowering those we serve,” said Matt Wagner, President and CEO. “Accordingly, we increased our efforts to deploy capital to businesses supporting sustainable development in their local communities and on a national level through our ‘Banking on the Future’ initiative. In this Report, you will find real-life stories of business leaders and entrepreneurs who are forging a new and profitable path to positively impact the environment and the world to further equality and equity.”

This is the Bank’s second full-length report following the inaugural release of its 2020 Report in 2021.