PacWest Bancorp Announces Appointment of Mark T. Yung as Executive Vice President & Chief Operating Officer
24 April 2019 - 10:00PM
PacWest Bancorp (Nasdaq: PACW) today announced that on April 12,
2019, Mark T. Yung was appointed as Executive Vice President and
Chief Operating Officer of PacWest Bancorp and Pacific Western
Bank. Mr. Yung’s employment will commence on May 13, 2019.
“Mark will bring a fresh and experienced perspective to our
executive leadership team,” commented Matt Wagner, President and
CEO. “In addition to his deep knowledge of venture-backed
companies, he has a substantial background in corporate strategy
and innovative technology that will prove valuable as we chart our
course for continued top-tier operating performance and
growth.”
Mr. Yung is co-founder and served as managing principal of OCV
Management, LLC, an investor, owner and operator of technology and
life science companies based in Los Angeles, since 2016.
Previously, he served as managing director of Orchard Capital Corp.
(“Orchard Capital”), a firm he joined in 2006. Prior to joining
Orchard Capital, Mr. Yung served as a senior vice president in the
Corporate Strategy and Merger and Acquisitions groups of Citigroup
in New York and ABN AMRO in Amsterdam, Netherlands. Prior to his
corporate strategy roles, Mr. Yung served as an investment
professional at JPMorgan Partners, where he focused on venture
capital, growth equity and buyout transactions in Latin America and
served as a board member for various emerging companies in the
region. Mr. Yung received a Bachelor of Arts degree from Cornell
University and a Master of Business Administration degree from
INSEAD.
Mr. Yung has served as an independent director of PacWest
Bancorp since 2017 and will remain on the board as an unpaid
employee director.
ABOUT PACWEST BANCORP
PacWest Bancorp (“PacWest”) is a bank holding company with over
$26 billion in assets with one wholly-owned banking subsidiary,
Pacific Western Bank (the “Bank”). The Bank has 74 full-service
branches located throughout the state of California and one branch
in Durham, North Carolina. 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. We offer additional products
and services through our National Lending and Venture Banking
groups. National Lending provides asset-based, equipment, real
estate and security cash flow 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 businesses and their venture
capital and private equity investors, with offices located in key
innovative hubs across the United States. For more information
about PacWest Bancorp, visit www.pacwestbancorp.com, or to learn
more about Pacific Western Bank, visit
www.pacificwesternbank.com.
Contact: |
Matthew P. Wagner
President and CEO
|
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Phone: |
310-887-8520 |
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