PACW PacWest Bancorp

-- $0.01 per share cash dividend payable on March 15, 2010 to stockholders of record on March 5, 2010 -- SAN DIEGO, Feb. 17 /PRNewswire-FirstCall/ -- The Board of Directors of PacWest Bancorp (NASDAQ:PACW) declared today a quarterly cash dividend of $0.01 per common share. The cash dividend is payable on March 15, 2010 to stockholders of record at the close of business on March 5, 2010. ABOUT PACWEST BANCORP PacWest Bancorp is a bank holding company with $5.3 billion in assets as of December 31, 2009, with one wholly-owned banking subsidiary, Pacific Western Bank. Through 68 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 Bernardino, San Diego, San Francisco, San Mateo and Ventura 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/. Contact: Matthew P. Wagner Victor R. Santoro Chief Executive Officer Executive Vice President and 10250 Constellation Boulevard Chief Financial Officer Suite 1640 10250 Constellation Boulevard Los Angeles, CA 90067 Suite 1640 Los Angeles, CA 90067 Phone: 310-728-1020 310-728-1021 Fax: 310-201-0498 310-201-0498 DATASOURCE: PacWest Bancorp CONTACT: Matt Wagner, Chief Executive Officer, +1-310-728-1020, or Vic Santoro, Executive Vice President and CFO, +1-310-728-1021, both of PacWest Bancorp, Fax, +1-310-201-0498 Web Site: http://www.pacwestbancorp.com/ http://www.pacificwesternbank.com/ http://www.firstcommunitybancorp.com/

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