PACIFIC WESTERN BANK (THE "BANK"), THE WHOLLY-OWNED BANKING
SUBSIDIARY OF PACWEST BANCORP (NASDAQ: PACW), ANNOUNCED TODAY THE
RELEASE OF THE 2021 ENVIRONMENTAL SOCIAL GOVERNANCE REPORT, WHICH
IS AVAILABLE AT:
HTTPS://WWW.PACWEST.COM/SITES/DEFAULT/FILES/FILES/2021ENVIRONMENTALSOCIALGOVERNANCEREPORT.PDF
LOS
ANGELES, April 7, 2022 /PRNewswire/ -- PWB 2021
Environmental Social Governance Report
Some of the key developments that are highlighted in the 2021
Report include:
- $1 billion in lending benefiting
low- or moderate-income individuals and small businesses
- $3.5 million in charitable
contributions to benefit local communities
- Outstanding CRA rating from the FDIC
- 2,896 Employee volunteer hours
- Our total workforce is 51% racially diverse
- Originated 2,032 Paycheck Protection Program loans to help
small businesses in our communities
"We believe that change is driven by empowering those we serve,"
said Matt Wagner, President and CEO.
"Accordingly, we increased our efforts to deploy capital to
businesses supporting sustainable development in their local
communities and on a national level through our "Banking on the
Future" initiative. In this Report, you will find real-life stories
of business leaders and entrepreneurs who are forging a new and
profitable path to positively impact the environment and the world
to further equality and equity."
This is the Bank's second full-length report following the
inaugural release of its 2020 Report in 2021.
ABOUT PACWEST BANCORP
PacWest Bancorp ("PacWest") is a
bank holding company with over $40
billion in assets headquartered in Los Angeles, California, with an executive
office in Denver, Colorado, with
one wholly-owned banking subsidiary, Pacific Western Bank (the
"Bank"). The Bank has 69 full-service branches located in
California, one branch located in
Durham, North Carolina, and one
branch located in Denver,
Colorado. The Bank provides community banking products,
including lending and comprehensive deposit and treasury management
services to small and medium-sized businesses conducted primarily
through our California-based
branch offices and Denver,
Colorado branch office. The Bank offers national lending
products, including asset-based, equipment, and real estate loans
and treasury management services to established middle-market
businesses on a national basis. The Bank provides venture banking
products, including a comprehensive suite of financial services
focused on entrepreneurial and venture-backed businesses and their
venture capital and private equity investors, with offices located
in key innovative hubs across the United
States. The Bank also offers financing of business-purpose,
non-owner-occupied investor properties through Civic Financial
Services, a wholly-owned subsidiary. The Bank also offers a
specialized suite of services for the HOA industry. For more
information about PacWest Bancorp or Pacific Western Bank,
visit www.pacwest.com.
CONTACT:
Pamela Flores
7732189260
pamflo@ameritech.net
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SOURCE Pacific Western Bank