PacWest Bancorp is a bank holding company based in Beverly Hills, California. It operates through its subsidiary, Pacific Western Bank, which is a full-service commercial bank that provides banking products and services to businesses and individuals primarily in California.
Pacific Western Bank offers a wide range of banking products and services, including commercial and real estate loans, deposit products, cash management services, online and mobile banking, and treasury management services. The bank serves a variety of industries, including healthcare, technology, professional services, and real estate.
As of December 31, 2021, PacWest Bancorp had total assets of approximately $31.7 billion and total deposits of approximately $25.1 billion. The company operates over 70 full-service branches throughout California, as well as branches in Arizona and Nevada.
PacWest Bancorp is listed on the NASDAQ stock exchange under the ticker symbol "PACW". The company has a market capitalization of approximately $5.6 billion as of May 2023, and is included in various stock market indices, including the NASDAQ Composite Index and the Russell 1000 Index.