Banc of California and PacWest Bancorp jointly announced that, at their respective special meetings of stockholders, they each received the necessary stockholder approval for the proposed combination of Banc of California and PacWest. The final...
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November 27, 2023, 08:05 AM
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Banc of California and PacWest Bancorp announced that the Board of Governors of the Federal Reserve System granted its approval of the previously announced combination of Banc of California and PacWest and their respective bank subsidiaries, Banc of...
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October 20, 2023, 07:30 AM
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Ares Management Corporation announced that 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 Portfolio consists of high quality, senior...
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June 26, 2023, 08:30 AM
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In light of recent reporting regarding strategic actions, PacWest Bancorp issued the following update:Our message remains consistent with what was conveyed last week with earnings. As previously announced, the Company has explored strategic asset...
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May 04, 2023, 07:59 AM
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Bloomberg reported PacWest Bancorp is exploring a sale of its lender finance arm, according to people familiar with the matter. The California-based bank is working with a financial adviser to solicit interest in the business, said the people, who...
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April 24, 2023, 07:50 AM
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PacWest Bancorp announced that effective June 1, 2018, James J. Pieczynski will be named Vice Chairman. In this newly created role Pieczynski will continue to work with CEO Matt Wagner to shape the strategic vision and evolution of the Company....
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May 01, 2018, 07:30 AM
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PacWest Bancorp announced it has agreed to sell cash flow loans with an aggregate carrying value of $1.49 billion as of November 30, 2017 and expects to recognize a pre-tax gain of approximately $13 million. In connection with the sale of this...
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December 11, 2017, 07:16 AM
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PacWest Bancorp and CU Bancorp announced the signing of a definitive agreement and plan of merger whereby PacWest will acquire CU Bancorp in a transaction valued at approximately $705 million.CU Bancorp, headquartered in Los Angeles, CA, is the...
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April 06, 2017, 07:19 AM
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DecisionPoint Systems, a leading provider and integrator of Enterprise Mobility and Internet of Things (IoT) solutions, announced it has signed new commercial banking relationships with Union Bank combined with CapitalSource Business Financial Group...
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August 23, 2016, 07:44 AM
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Square 1 Bank, a division of Pacific Western Bank, is announced the following leadership promotions:
Art Wasson was promoted from senior vice president, global treasury management, to executive vice president, Venture Capital Services + Global...
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May 11, 2016, 07:39 AM
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CapitalSource provided a $28.5 million senior term loan to facilitate the acquisition of an assisted living facility by WESTliving. The facility is comprised of 180 units. Launched in 2009, WESTliving is a Carlsbad, CA based owner/operator of...
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July 15, 2015, 07:43 AM
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CapitalSource announced it has provided a $56.1 million credit facility to Welcov Healthcare to refinance existing debt and provide growth capital to Welcov. The credit facility includes a senior term loan, cash flow term loan and a revolving credit...
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July 09, 2015, 08:03 AM
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PacWest Bancorp and Square 1 Financial, Inc. today announced the signing of a definitive agreement and plan of merger (the "Agreement") whereby PacWest will acquire Square 1 in a transaction valued at approximately $849 million. The Square 1 lending...
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March 02, 2015, 08:06 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, 07:22 AM
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