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PacWest Bancorp (PACW) has declared a quarterly cash dividend of $0.25 per common share, payable on March 10, 2021, to stockholders of record on March 1, 2021. Headquartered in Los Angeles, PacWest Bancorp oversees over $29 billion in assets and operates a network of branches primarily in California, along with additional locations in North Carolina and Colorado. The company provides comprehensive banking services to small and medium-sized businesses, alongside targeted offerings in National Lending and Venture Banking.
Positive
Quarterly cash dividend of $0.25 per share enhances shareholder returns.
Strong asset base of over $29 billion indicates financial stability.
Diverse banking services cater to a wide range of businesses.
Negative
None.
-- $0.25 Per Share Cash Dividend Payable on March 10, 2021 to Stockholders of Record on March 1, 2021 --
LOS ANGELES, Feb. 17, 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 March 10, 2021 to stockholders of record at the close of business on March 1, 2021.
ABOUT PACWEST BANCORP
PacWest Bancorp (“PacWest”) is a bank holding company with over $29 billion in assets headquartered in Los Angeles, California, with executive offices 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. Our Community Banking group provides 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. We offer additional products and services through our National Lending and Venture Banking groups. National Lending provides asset-based, equipment, and real estate loans and treasury management services to established middle market businesses on a national basis. Venture Banking offers a comprehensive suite of financial services focused on entrepreneurial or venture-backed businesses and their venture capital and private equity investors, with offices located in key innovation hubs across the United States. For more information about PacWest Bancorp or Pacific Western Bank, visit www.pacwest.com.
Contact:
Phone:
Matthew P. Wagner President and CEO
303-802-8900
William J. Black EVP, Strategy and Corporate Development 919-597-7466
FAQ
When is the next dividend payment for PacWest Bancorp (PACW)?
The next dividend payment for PacWest Bancorp is on March 10, 2021.
What is the amount of the dividend declared by PacWest Bancorp?
PacWest Bancorp declared a dividend of $0.25 per share.
Who is eligible for the dividend from PacWest Bancorp?
Stockholders of record on March 1, 2021, are eligible for the dividend.
