Paul W. Taylor Named President of PacWest Bancorp and Pacific Western Bank
13 Juni 2022 - 10:15PM
PacWest Bancorp (Nasdaq: PACW) (the “Company”) and Pacific Western
Bank (the “Bank”) announced today the appointment of Paul W. Taylor
as President of both the Company and the Bank effective July 1,
2022. Mr. Taylor currently serves as a Director of the Company and
the Bank and is a member of each of their respective
Asset/Liability Management and Risk Committees. His appointment
follows the Company’s previously-announced plan to name a successor
for Matthew P. Wagner, current President and Chief Executive
Officer. Mr. Wagner will continue as Chief Executive Officer until
December 31, 2023, with Mr. Taylor reporting directly to Mr. Wagner
during this period. Upon Mr. Wagner’s planned retirement as CEO on
December 31, 2023, it is anticipated that Mr. Taylor will
transition to the role of President and Chief Executive Officer of
the Company and the Bank. Mr. Taylor will continue to serve on the
Boards of Directors of the Company and the Bank. At the end of
December 2023, it is anticipated that Mr. Wagner will transition to
the role of Executive Chairman of the Company.
“I have known Paul both personally and professionally for over
two decades. I have great respect for him as a leader with
strategic vision and acumen,” said Mr. Wagner. “I look forward to
working with him as he steps into this role at PacWest and am
confident he will quickly add value because of his strong
experience and knowledge of our organization. I believe PacWest
will continue to grow under his leadership and stand out as an
industry leader both today and in the future,” he concluded.
Over the next 18 months, Mr. Taylor will work closely with the
Boards of Directors and in concert with Mr. Wagner and the existing
Executive Team to ensure a smooth transition of leadership to
support employees, customers, stockholders and the communities that
Pacific Western Bank serves. Mr. Taylor will be located in Pacific
Western Bank’s Denver Executive Office.
Mr. Taylor has over 35 years of experience in the banking
industry, most recently having served as the Chief Executive
Officer, President and Director of Opus Bank, a publicly traded
California-chartered bank, from 2019 to 2020. Prior to that, he was
the Chief Executive Officer, President and Director of Guaranty
Bancorp, a publicly traded financial institution headquartered in
Colorado, and Chief Executive Officer and Chairman of the Board of
Directors of Guaranty Bank and Trust Company, a banking subsidiary
of Guaranty Bancorp, from 2011 to 2018. Previous to that, he held
various positions including Executive Vice President, Chief
Financial and Operating Officer and Secretary of Guaranty
Bancorp.
ABOUT PACWEST BANCORP
PacWest Bancorp (“PacWest”) is a bank holding company with over
$39 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 is
focused on relationship-based business banking to small,
middle-market, and venture-backed businesses nationwide. The Bank
offers a broad range of loan and lease and deposit products and
services through 69 full-service branches located in California,
one branch located in Durham, North Carolina, and one branch
located in Denver, Colorado, and numerous loan production offices
across the country. 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 provides a specialized suite of services
for the HOA industry. For more information about PacWest Bancorp or
Pacific Western Bank, visit www.pacwest.com.
CONTACTS
Matthew P. Wagner
President and CEO303.802.8900 |
Bart R. OlsonExecutive Vice Presidentand
CFO714.989.4149 |
William J. BlackExecutive Vice PresidentStrategy
and Corporate Development919.597.7466 |
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