PACW PacWest Bancorp

- $0.32 per share cash dividend payable on November 26, 2008 to stockholders of record on November 14, 2008 - SAN DIEGO, Nov. 5 /PRNewswire-FirstCall/ -- The Board of Directors of PacWest Bancorp (NASDAQ:PACW) declared today a quarterly cash dividend of $0.32 per common share. The cash dividend is payable on November 26, 2008 to stockholders of record at the close of business on November 14, 2008. ABOUT PACWEST BANCORP PacWest Bancorp is a bank holding company with $4.4 billion in assets as of September 30, 2008, with one wholly-owned banking subsidiary, Pacific Western Bank. Through 60 full-service community banking branches, Pacific Western provides commercial banking services, including real estate, construction and commercial loans, to small and medium-sized businesses. Pacific Western's branches are located in Los Angeles, Orange, Riverside, San Diego and San Bernardino Counties. Through its subsidiary BFI Business Finance and its division First Community Financial, Pacific Western also provides working capital financing to growing companies located throughout the Southwest, primarily in the states of Arizona, California and Texas. Additional information regarding PacWest Bancorp is available on the Internet at http://www.pacwestbancorp.com/. Information regarding Pacific Western Bank is also available on the Internet at http://www.pacificwesternbank.com/. DATASOURCE: PacWest Bancorp CONTACT: Matthew P. Wagner, Chief Executive Officer, +1-310-728-1020, fax, +1-310-201-0498, or Victor R. Santoro, Executive Vice President and Chief Financial Officer, +1-310-728-1021, fax, +1-310-201-0498, both of PacWest Bancorp Web site: http://www.pacwestbancorp.com/ http://www.pacificwesternbank.com/

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