PACW - PacWest Bancorp

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

PacWest Bancorp

9701 Wilshire Boulevard
Suite 700
Beverly Hills, CA 90212
United States
310-887-8500
http://www.pacwestbancorp.com

Sector : Financial Services
Industry : Banks - Regional - US
Full Time Employees : 1,833

Key Executives

Name Title Pay Exercised Year Born
Mr. Matthew P. Wagner Pres, CEO & Director 3.29M N/A 1957
Mr. Patrick J. Rusnak Exec. VP & CFO 1.23M N/A 1964
Mr. Mark T. Yung Exec. VP, COO & Director 86k N/A 1974
Mr. James J. Pieczynski Exec. VP & Vice Chairman 807.67k N/A 1963
Mr. Bryan M. Corsini Chief Credit Officer & Exec. VP 980.66k N/A 1962
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

PacWest Bancorp operates as the holding company for Pacific Western Bank, a state chartered bank that provides commercial banking products and services. The company accepts demand, money market, and time deposits. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, and construction of commercial real estate properties; small business administration loans; asset-based loans for working capital needs; venture capital loans to support the start-up operations of entrepreneurial companies; and equipment-secured loans and leases. In addition, the company offers consumer loans comprising personal loans, auto loans, home equity lines of credit, revolving lines of credit, and other loans. Further, it provides international banking and multi-state deposit services; money market sweep products; investment advisory and asset management services; treasury and cash management services; telephone banking, and online and mobile banking services; and foreign exchange and ATM services. The company offers its products and services to small and mid-sized companies, entrepreneurial businesses and their venture capital, private equity investors, professionals, and other individuals. As of January 31, 2019, it had 74 full-service branches located throughout the state of California; and 1 branch in Durham, North Carolina. The company was formerly known as First Community Bancorp and changed its name to PacWest Bancorp in April 2008. PacWest Bancorp was founded in 1999 and is headquartered in Beverly Hills, California.

Corporate Governance

PacWest Bancorp’s ISS Governance QualityScore as of July 29, 2019 is 1. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 1; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS) . Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.