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press release

Nov. 1, 2021, 8:31 a.m. EDT

PacWest Bancorp Announces Quarterly Dividend

$0.25 Per Share Cash Dividend Payable on November 30, 2021 to Stockholders of Record on November 15, 2021

LOS ANGELES, Calif., Nov 01, 2021 (GLOBE NEWSWIRE via COMTEX) -- LOS ANGELES, Calif., Nov. 01, 2021 (GLOBE NEWSWIRE) -- PacWest Bancorp /zigman2/quotes/205622697/composite PACW +0.77% announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share. The cash dividend is payable on November 30, 2021 to stockholders of record at the close of business on November 15, 2021.

ABOUT PACWEST BANCORP

PacWest Bancorp ("PacWest") is a bank holding company with over $35 billion in assets headquartered in Los Angeles, California, with an executive office in Denver, Colorado, with one wholly-owned banking subsidiary, Pacific Western Bank (the "Bank"). The Bank has 69 full-service branches located in California, one branch located in Durham, North Carolina, and one branch located in Denver, Colorado. The Bank provides community banking products including lending and comprehensive deposit and treasury management services to small and medium-sized businesses conducted primarily through our California-based branch offices and Denver, Colorado branch office. The Bank offers national lending products including asset-based, equipment, and real estate loans and treasury management services to established middle-market businesses on a national basis. The Bank provides venture banking products including a comprehensive suite of financial services focused on entrepreneurial and venture-backed businesses and their venture capital and private equity investors, with offices located in key innovative hubs across the United States. The Bank also offers financing of non-owner-occupied investor properties through Civic Financial Services a wholly-owned subsidiary. The Bank also offers a specialized suite of services for the HOA industry. For more information about PacWest Bancorp or Pacific Western Bank, visit www.pacwest.com .

CONTACTS

Matthew P. Wagner Bart R. Olson William J. Black
President and CEO Executive Vice President Executive Vice President
303.802.8900 and CFO Strategy and Corporate Development
714.989.4149 919.597.7466

COMTEX_396176544/2471/2021-11-01T08:30:39

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/zigman2/quotes/205622697/composite
US : U.S.: Nasdaq
$ 31.44
+0.24 +0.77%
Volume: 776,307
May 27, 2022 4:00p
P/E Ratio
6.50
Dividend Yield
3.18%
Market Cap
$3.66 billion
Rev. per Employee
$617,342
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