PacWest Bancorp Announces Quarterly Dividends

LOS ANGELES, Aug. 01, 2022 (GLOBE NEWSWIRE) — PacWest Bancorp (Nasdaq: PACW ) today announced that its board of directors has declared a quarterly cash dividend of $0.25 per share. The cash dividend will be paid on 31 August 2022 to shareholders registered at the close of business on 15 August 2022.

The Board of Directors has also declared a quarterly cash dividend of $0.4575 per depositary share on its 7.75% Fixed Rate Reset Noncumulative Perpetual Preferred Stock, Series A. The dividend will be paid on September 1, 2022 to shareholders of record as of August 15, 2022. Series The A depository shares are traded on the Nasdaq stock exchange under the symbol “PACWP”.

ABOUT PACWEST BANCORP

PacWest Bancorp (“PacWest”) is a bank holding company with approximately $41 billion in assets headquartered in Los Angeles, California, with an executive office in Denver, Colorado, with one wholly-owned bank subsidiary, Pacific Western Bank (the “Bank”). The bank is focused on relationship-based business banking for small, mid-market and venture-backed companies across the country. The bank offers a wide range of products and services for loans and leases and deposits through 69 full-service branches located in California, a branch in Durham, North Carolina, and a branch in Denver, Colorado, and a number of loan origination offices around the country. The bank offers community banking products, including lending and comprehensive deposit and financial 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 property loans and treasury management services to established mid-market companies nationwide. The bank offers 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 for 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.

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