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PacWest Bancorp has declared a $0.25 cash dividend per share for the first quarter of 2022. This dividend is scheduled for payment on May 31, 2022, to stockholders on record by the close of business on May 16, 2022. The company, headquartered in Los Angeles with over $39 billion in assets, offers a range of banking services primarily to small and middle-market businesses across the U.S. through its wholly-owned subsidiary, Pacific Western Bank.
Positive
Declared a quarterly cash dividend of $0.25 per share, enhancing shareholder returns.
Company maintains over $39 billion in assets, indicating financial stability.
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None.
$0.25 Per Share Cash Dividend Payable on May 31, 2022 to Stockholders of Record on May 16, 2022
LOS ANGELES, May 02, 2022 (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 31, 2022 to stockholders of record at the close of business on May 16, 2022.
ABOUT PACWEST BANCORP
PacWest Bancorp (“PacWest”) is a bank holding company with over $39 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 is focused on relationship-based business banking to small, middle-market, and venture-backed businesses nationwide. The Bank offers a broad range of loan and lease and deposit products and services through 69 full-service branches located in California, one branch located in Durham, North Carolina, and one branch located in Denver, Colorado, and numerous loan production offices around the country. 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 provides 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 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 PacWest Bancorp?
PacWest Bancorp declared a cash dividend of $0.25 per share.
When will the dividend be paid to shareholders?
The dividend will be payable on May 31, 2022.
What is the record date for the dividend payment?
The record date for the dividend is May 16, 2022.
How does PacWest Bancorp support its shareholders?
PacWest Bancorp supports its shareholders through regular cash dividends.
