Ares Management Corporation, a global alternative investment manager, announced certain funds managed by its Alternative Credit strategy have completed the acquisition of a $3.5 billion specialty finance loan portfolio from PacWest Bancorp.The...
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June 26, 2023, 07:18 AM
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Pacific Western Bank, the primary subsidiary of PacWest Bancorp, issued the following statement reaffirming its financial strength.Pacific Western Bank continues to have solid liquidity, with over $10.8 billion in available cash as of March 17....
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March 20, 2023, 07:00 AM
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PacWest Bancorp and Pacific Western Bank announced the following changes to the company’s Board of Directors and executive team.Paul W. Taylor, President of the Company and the Bank, has been appointed Chief Executive Officer of the Company and the...
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November 29, 2022, 07:22 AM
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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...
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April 11, 2022, 07:10 AM
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Pacific Western Bank announced it has hired Steven Schwimmer to a newly created position as its new Executive Vice President, Chief Innovation Officer. Schwimmer will be responsible for the bank’s systems and applications environment, as well as...
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June 22, 2021, 07:20 AM
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Pacific Western Bank (PWB) announced it has partnered with Extend, a New York City-based fintech, to launch a Virtual Mastercard commercial credit card solution. PWB is pleased to be the first bank in the country offering their business clients this...
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May 03, 2021, 07:20 AM
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Pacific Western Bank announced Janice Ibey has joined the bank as a Senior Vice President, Business Development Officer on its asset-based lending team. She will be located in Orange County, CA. Ibey will expand the bank’s efforts to deliver...
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February 26, 2021, 07:10 AM
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Pacific Western Bank announced that Melinda Fricke has joined the Bank as a Senior Vice President, Business Development Officer on its asset-based lending team. She will be located at the Bank’s Plano, Texas office. Melinda will expand the Bank’s...
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January 19, 2021, 07:18 AM
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Pacific Western Bank announced that Taira Hall has joined the bank as the Executive Vice President, Products & Partnerships. Hall will lead the organization’s enterprise-wide product development efforts, focusing on enhancing payments, treasury...
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April 17, 2020, 07:15 AM
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Pacific Western Bank announced the addition of Columbus Johnson as Senior Vice President, Originations. Johnson has worked in the equipment finance and leasing industry for 20 years. In his new role with the Bank, Johnson will be responsible for...
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October 25, 2019, 07:15 AM
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Pacific Western Bank, the principal operating subsidiary of Pacwest Bancorp, is now operating under one brand name. Previously, the bank supported the operation of its national lending and venture banking groups under the separate marketing names of...
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April 30, 2019, 07:02 AM
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Pacific Western Bank announced Jonathan Lorenz has been hired as Colorado Market President. Lorenz is leading Pacific Western Bank's efforts to establish and expand commercial banking services in the state of Colorado."We are pleased to have Jon on...
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January 15, 2019, 07:15 AM
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PacWest Bancorp and CU Bancorp announced the signing of a definitive agreement and plan of merger (the “Agreement”) whereby PacWest will acquire CU Bancorp in a transaction valued at approximately $705 million.CU Bancorp, headquartered in Los Angeles...
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April 06, 2017, 07:18 AM
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Pacific Western Bank (PWB) has launched a Tax-Exempt Lending Group to focus on the capital needs of municipalities, schools and school districts, non-profits and other issuers of tax-exempt debt. This group will add to the bank’s already diverse...
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February 15, 2017, 07:15 AM
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National Funding, one of the country’s largest private lenders of small business loans, announced that on July 31, 2014, the company entered into a Loan and Security Agreement deal with CapitalSource, a division of Pacific Western Bank. CapitalSource...
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September 09, 2014, 07:06 AM
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PacWest Bancorp ("PacWest") announced that on April 7, 2014, it completed its previously announced merger with CapitalSource Inc. ("CapitalSource"). CapitalSource Bank, a wholly-owned subsidiary of CapitalSource, merged with and into PacWest's...
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April 09, 2014, 06:15 AM
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