PacWest Bancorp Announces Quarterly Dividend

Rhea-AI Summary

PacWest Bancorp has declared a quarterly cash dividend of $0.25 per share payable on November 30, 2021, to stockholders of record as of November 15, 2021. The announcement reflects the company's ongoing commitment to returning value to its shareholders. Headquartered in Los Angeles, PacWest Bancorp operates with over $35 billion in assets and provides banking services through its subsidiary, Pacific Western Bank, with branches across California and beyond.

Positive

• Quarterly cash dividend of $0.25 per share enhances shareholder value.
• Company maintains strong asset base of over $35 billion.

Negative

• None.

$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) -- PacWest Bancorp (Nasdaq: PACW) 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

FAQ

What is the dividend amount declared by PacWest Bancorp?

PacWest Bancorp has declared a dividend of $0.25 per share.

When is the dividend payable for PACW?

The dividend is payable on November 30, 2021.

Who is eligible for the PACW dividend?

Stockholders of record on November 15, 2021, are eligible for the dividend.

How often does PacWest Bancorp pay dividends?

PacWest Bancorp pays dividends quarterly.

What are the assets of PacWest Bancorp?

PacWest Bancorp has over $35 billion in assets.