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PacWest Bancorp (PACW)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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26.15-1.03 (-3.79%)
As of 10:44AM EDT. Market open.

PacWest Bancorp

9701 Wilshire Boulevard
Suite 700
Beverly Hills, CA 90212
United States
310 887 8500
https://www.pacwestbancorp.com

Sector(s):Β Financial Services
Industry:Β Banksβ€”Regional
Full-time employees:Β 2,200

Key executives

NameTitlePayExercisedYear born
Mr. Matthew P. WagnerPres, CEO & Director4.58MN/A1957
Mr. Bart R. OlsonExec. VP & CFO1.45MN/A1969
Mr. Mark T. YungExec. VP & COO2.48MN/A1974
Mr. William James Black Jr.Exec. VP of Strategy & Corp. Devel.2.21MN/A1976
Mr. Christopher D. BlakeExec. VP, Pres & CEO of Community Banking Group1.58MN/A1960
Ms. Monica L. SparksExec. VP & Chief Accounting OfficerN/AN/A1980
Ms. Angela Wolfe-M. KelleyExec. VP, Gen. Counsel & Corp. Sec.N/AN/A1982
Ms. Rebecca H. CordesExec. VP of HRN/AN/A1956
Mr. James J. PieczynskiExec. VPN/AN/A1963
Mr. Bryan M. CorsiniChief Credit Officer & Exec. VPN/AN/A1962
Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

PacWest Bancorp operates as the bank holding company for Pacific Western Bank that provides various banking products and services. The company accepts demand, money market, and time deposits. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, renovation, and construction of commercial real estate properties; small business administration loans; asset-based loans for working capital needs; venture capital loans to support the operations of entrepreneurial and venture-backed companies; and equipment-secured loans and leases. In addition, the company offers consumer loans comprising personal loans, auto loans, home equity lines of credit, revolving lines of credit, and other loans. Further, it provides international banking and multi-state deposit services; money market sweep products; investment advisory and asset management services; treasury and cash management services; telephone banking, remote deposit, and online and mobile banking services; and automated teller machine services. The company offers its products and services to small and mid-sized companies, venture capital and private equity investors, professionals, and other individuals. As of February 1, 2022, it operated through 69 full-service branches located in California; one branch located in Durham, North Carolina; one branch located in Denver, Colorado; and various loan production offices. The company was formerly known as First Community Bancorp and changed its name to PacWest Bancorp in April 2008. PacWest Bancorp was founded in 1999 and is headquartered in Beverly Hills, California.

Corporate governance

PacWest Bancorp’s ISS governance QualityScore as of 1 June 2022 is 4. The pillar scores are Audit: 4; Board: 5; Shareholder rights: 1; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.