/C O R R E C T I O N -- Pacific Western Bank/
In the news release, PACIFIC WESTERN BANK RELEASES 2021 Environmental Social Governance REPORT, issued 07-Apr-2022 by Pacific Western Bank over PR Newswire, we are advised by the company that there have been some updates to the bulleted section and some minor formatting changes. The complete, corrected release follows:
PACIFIC WESTERN BANK RELEASES 2021 ENVIRONMENTAL SOCIAL GOVERNANCE REPORT
LOS ANGELES, April 7, 2022 /PRNewswire/ -- Pacific Western Bank (the "Bank"), the wholly-owned banking subsidiary of PacWest Bancorp (Nasdaq: PACW), announced today the release of the 2021 Environmental Social Governance Report, which is available at:
PWB 2021 Environmental Social Governance Report
Highlights in the 2021 Report include:
$1 billion in lending benefiting low- or moderate-income individuals and small businesses$3.5 million in charitable contributions to benefit local communities- Outstanding CRA rating from the FDIC
- 2,896 Employee volunteer hours
51% racially diverse total workforce
"We believe that change is driven by empowering those we serve," said Matt Wagner, President and CEO. "Accordingly, we increased our efforts to deploy capital to businesses supporting sustainable development in their local communities and on a national level through our "Banking on the Future" initiative. In this Report, you will find real-life stories of business leaders and entrepreneurs who are forging a new and profitable path to positively impact the environment and the world to further equality and equity."
This is the Bank's second full-length report following the inaugural release of its 2020 Report in 2021.
ABOUT PACWEST BANCORP
PacWest Bancorp ("PacWest") is a bank holding company with over
CONTACT:
Pamela Flores
7732189260
pamflo@ameritech.net
View original content:https://www.prnewswire.com/news-releases/pacific-western-bank-releases-2021-environmental-social-governance-report-301520264.html
SOURCE Pacific Western Bank