In July 2013, PacWest announced that it would acquire commercial bank CapitalSource for approximately $2.29 billion. Our interest in helping your business every day. Wherever you are in the business continuum, our knowledgeable team is ready to help you realize your vision and achieve the success you envisioned. We are more than a commercial bankWe are a family of companies that focus on delivering everything you expect and need from a banking partner. We are not like other banks. At Pacific Western Bank, relationship banking is not the exception, but the rule. For over 30 years, we`ve helped growing and established businesses succeed by listening, asking thoughtful questions and responding with a personalized approach. Pacific Western Bank is a Los Angeles-based commercial bank with over $21 billion in assets. Pacific Western provides commercial banking services, including real estate, construction and commercial loans, to small and medium-sized businesses through 77 full-service branches in the state of California. The CapitalSource division provides cash loans, asset-based loans, equipment loans and home loans, as well as cash management services to mid-market companies nationwide. Square 1 Bank Division provides a full range of financial services focused on entrepreneurial companies and their venture capital and private equity investors, with offices in all major innovation centers across the United States.
Pacific Western Bank is a wholly owned subsidiary of PacWest Bancorp (NASDAQ: PACW). For more information about Pacific Western Bank, please visit www.pacificwesternbank.com or to learn more about PacWest Bancorp, visit www.pacwestbancorp.com.Pacific Western Bank is a member of the FDIC About Pacific Western Bank Pacific Western Bank is a Los Angeles-based commercial bank with more than $26 billion in assets. The bank has 74 full-service branches throughout the state of California and one branch in Durham, North Carolina. We provide lending and comprehensive deposit and cash management services to small and medium-sized businesses, primarily through our offices in California. We offer additional products and services through our national lending and venture capital banking groups. National Lending provides asset-based lending, equipment loans, real estate and cash flow loans, as well as cash management services to established mid-market companies nationwide. Venture Banking offers a full range of financial services focused on entrepreneurial companies and their venture capital and private equity investors, with offices in key innovation centers across the United States. For more information about PacWest Bancorp, visit www.pacwestbancorp.com or to learn more about Pacific Western Bank, visit www.pacwest.com. Pacific Western Bank`s official website is www.pacificwesternbank.com In 2008, First Community Bancorp announced plans to reintegrate Delaware and change its name to PacWest Bancorp. PacWest Bancorp (Nasdaq: PACW) is a banking holding company based in Beverly Hills, California, with a wholly-owned subsidiary, Pacific Western Bank. Pacific Western Bank has 69 full-service branches in California, one in Denver, Colorado, one in Durham, North Carolina, and several credit bureaus across the country. [2] Pacific Western provides commercial banking services, including real estate, construction and commercial loans, as well as deposit and cash management services to small and medium-sized businesses.
PacWest Bancorp was formerly known as First Community Bancorp. In 2005, First Community Bancorp acquired Glendora, California-based Foothill Independent Bancorp (Nasdaq: FOOT) for $238 million. [5] In 2006, First Community Bancorp merged the two banks it owned at the time, Pacific Western National Bank and First National Bank, and renamed them Pacific Western Bank. In 2008, First Community Bancorp announced plans to reintegrate Delaware and change its name to PacWest Bancorp.[6] [7] On January 17, 2019, PacWest Bancorp decided to retire the CapitalSource and Square 1 Bank brands and rename them National Lending and Venture Banking. The bank acknowledged a $2.1 million impairment as a removal of the Square 1 brand. [13] Founded in 2005, the bank has 13 locations and $3.1 billion in assets. As of 2019, Pacific Western had $26 billion in assets and 69 locations in California, mostly in the southern and central part of the state. [3] Pacific Western built primarily through the acquisition of other banks. [4] PacWest Bancorp was named Best Bank in the U.S.
for 2017 by Forbes. Pacific Western Bank acquired deposits and other assets of other banking institutions that collapsed during the financial crisis. In 2008, Pacific Western acquired the deposits and other assets of Security Pacific Bank of Los Angeles, CA.[8] In 2009, Pacific Western acquired the deposits and other assets of Affinity Bank, Ventura, CA.[9] In 2010, Pacific Western acquired the deposits and other assets of Los Padres Bank, Solvang, CA.[10] By assuming a unique identity, The Bank continues to increase its leadership position in the mid-sized banking sector. Pacific Western Bank continues to expand its geographic footprint and recently opened a new headquarters in Denver, Colorado, and will open a full-service office there in the fourth quarter of 2019. BEVERLY HILLS, Calif., April 30, 2019 /PRNewswire/ — Effective today, Pacific Western Bank, the primary operating subsidiary of Pacwest Bancorp, will operate under a single brand. Previously, the bank supported the operation of its national credit and venture capital groups under the separate trade names CapitalSource and Square 1 Bank. Both names have since been dropped and the entire company is now marketed as Pacific Western Bank, the main brand used for nearly two decades. On March 2, 2015,[3] an $894 million merger was announced with Square 1 Financial Inc., the parent company of Square 1 Bank, based in Durham, North Carolina. [12] Founded in 2005, the bank has 13 locations and $3.1 billion in assets. The merger would make Pacific Western the sixth largest publicly traded bank in California. [3] In 2006, First Community Bancorp merged its two then owned banks, Pacific Western National Bank and First National Bank, and renamed them Pacific Western Bank.
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