PacWest Bancorp Announces Quarterly Dividend

Rhea-AI Summary

PacWest Bancorp has declared a quarterly cash dividend of $0.25 per share, payable on May 28, 2021, to stockholders who are on record by May 17, 2021. This decision reflects the company’s commitment to returning income to its shareholders amidst its operations.

Headquartered in Los Angeles, PacWest Bancorp manages over $32 billion in assets and operates 70 branches, primarily in California. The bank offers a range of financial services focused on small and medium-sized businesses.

Positive

• Declared a quarterly cash dividend of $0.25 per share, signaling confidence in financial stability.
• Total assets exceed $32 billion, indicating strong market presence.

Negative

• None.

$0.25 Per Share Cash Dividend Payable on May 28, 2021 to Stockholders of Record on May 17, 2021

LOS ANGELES, May 03, 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 May 28, 2021 to stockholders of record at the close of business on May 17, 2021.

ABOUT PACWEST BANCORP

PacWest Bancorp (“PacWest”) is a bank holding company with over $32 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 70 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 also offers 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. For more information about PacWest Bancorp or Pacific Western Bank, visit www.pacwest.com.

CONTACTS

Matthew P. Wagner      President and CEO 303.802.8900

Bart R. Olson Executive Vice President and CFO 714.989.4149

William J. Black Executive Vice President Strategy and Corporate Development 919.597.7466

FAQ

What is the dividend amount declared by Pacific West Bancorp?

Pacific West Bancorp has declared a dividend of $0.25 per share.

When is the dividend for PACW payable?

The dividend is payable on May 28, 2021.

What is the record date for the dividend payment for PACW?

The record date for the dividend payment is May 17, 2021.

How much in assets does PacWest Bancorp manage?

PacWest Bancorp manages over $32 billion in assets.

How many branches does PacWest Bancorp operate?

PacWest Bancorp operates 70 branches.