PacWest Bancorp Announces Quarterly Dividends
01 November 2022 - 1:30PM
PacWest Bancorp (Nasdaq: PACW) announced today that its Board of
Directors has declared a quarterly cash dividend of $0.25 per
common share. The cash dividend is payable on November 30, 2022 to
stockholders of record at the close of business on November 15,
2022.
The Board of Directors also declared a quarterly cash dividend
of $0.4845 per depositary share on its 7.75% Fixed Rate Reset
Non-Cumulative Perpetual Preferred Stock, Series A. The dividend
will be payable December 1, 2022 to stockholders of record as of
November 15, 2022. The Series A depositary shares are traded on the
Nasdaq Stock Exchange under the “PACWP” symbol.
ABOUT PACWEST BANCORP
PacWest Bancorp (“PacWest”) is a bank holding company with over
$41 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
around 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
innovation 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
Bart R.
OlsonExecutive Vice President,Chief Financial
Officer714.989.4149 |
|
William J.
BlackExecutive Vice President,Strategy and Corporate
Development919.597.7466 |
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