PacWest Bancorp - Company Profile
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PacWest Bancorp (PacWest) is a provider of retail and commercial banking, and asset management solutions to individuals, corporates, SMEs, and high-net-worth families, primarily through its subsidiary, Pacific Western Bank. Its portfolio of products and services comprise a range of deposits and accounts such as checking, savings, certificate of deposits, individual retirement accounts; debit and credit cards; lending solutions for real estate, multifamily, aviation, healthcare, and venture capital/private equity, among others. PacWest also offers collection and disbursement services such as ACH, lockbox, remote deposit, merchant services, commercial bill payments, fraud prevention; wire transfers; international banking; investment advisory; and online banking. The company has an operational presence mainly in California, Colorado, and North Carolina. It also has numerous loan production offices across the US. PacWest is headquartered in Beverley Hills, California, the US.
Headquarters
United States of America
Address
9701 Wilshire Boulevard, Suite 700, Beverly Hills, California, 90212
Website
www.pacwest.com
Telephone
1 310 8878500
No of Employees
2,438
Industry
Financial Services
Revenue (2022)
$1.6B
PacWest Bancorp premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts and Deposits: | Automated Clearing House | Pacific Western |
| Savings Account | Lockbox | |
| Checking Account | Merchant Services | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In December, the company completed its merger with Banc of California. |
| 2023 | Regulatory Approval | In November, the company secured an approval from stockholders to merge with Banc of California. |
| 2023 | Contracts/Agreements | In July, the company signed an agreement to merge with Banc of California, Inc. |
Competitor Comparison
| Key Parameters | PacWest Bancorp | First Citizens BancShares Inc | East West Bancorp Inc | Columbia Banking System Inc | Cathay General Bancorp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Beverly Hills | Raleigh | Pasadena | Tacoma | Los Angeles |
| State/Province | California | North Carolina | California | Washington | California |
| No. of Employees | 2,438 | 15,715 | 3,206 | 5,114 | 1,246 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Matthew P. Wagner | Chairman | Executive Board | 2023 | 66 |
| Paul W. Taylor | President; Director; Chief Executive Officer | Executive Board | 2023 | 62 |
| Kevin L. Thompson | Executive Vice President; Chief Financial Officer | Senior Management | 2022 | 49 |
| Mark T. Yung | Executive Vice President; Chief Operating Officer | Senior Management | 2019 | 49 |
| Monica L. Sparks | Executive Vice President; Chief Accounting Officer | Senior Management | 2020 | 43 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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