PacWest Bancorp announced James J. Pieczynski will be named Vice Chairman. To succeed Pieczynski, Laird M. Boulden has been appointed President, CapitalSource Division. Both moves are effective June 1. Boulden currently serves as CapitalSource Division Executive Vice President and Chief Lending Officer.

In the newly created role, Pieczynski will continue to work with CEO Matt Wagner to shape the strategic vision and evolution of the company. While Pieczynski will be relinquishing his current role as President of the CapitalSource Division of Pacific Western Bank he will remain a director of the bank and PacWest Bancorp.

"Jim has played a pivotal leadership role for PacWest since the completion of the merger with CapitalSource Inc. in 2014," said Wagner, President and CEO of PacWest Bancorp. "His leadership and market savvy have served our Company well as the national lending operations have been a major contributor to the Company's success the past four years. I look forward to Jim's continuing contribution as we position our business model for future profitable growth and expansion."

Boulden previously served as President of CapitalSource Inc. and Chief Lending Officer of CapitalSource Bank. Prior to these appointments, he served as President of the Corporate Asset Finance group and the Corporate Finance group of CapitalSource Bank. Earlier in his career, Boulden was a co-founder of Tygris Commercial Finance where he served as President of Tygris Asset Finance. Prior to Tygris, Boulden served as President and CEO of RBS Asset Finance, Inc., a division of RBS Citizens, N.A. Prior to that, he served as Group President at Heller Financial Inc.

"Laird joined us from CapitalSource Inc. and brings a continuity of leadership and deal originations experience that is critically important. His deep knowledge of our markets made him a natural choice to assume this role. I look forward to seeing our national lending operations expand and diversify under Laird's guidance," Wagner said.