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Capitalsource Inc history
Capitalsource Inc company history timeline
CapitalSource was founded in 2000 by future Congressman John Delaney (D-MD) and Jason Fish with an initial capitalization of more than $500 million, which at the time was the largest private capitalization for a finance company.
In 2009, CapitalSource completed its revocation of REIT status.
CapitalSource Bank was involved in another newsworthy property issue in 2010 when they foreclosed upon a high-end Manhattan project under development.
CapitalSource was acquired by PacWest Bancorp in July 2013 for around $2.29 billion.
In 2013, the Washington Post identified CapitalSource as a major lender to Aeon Financial, a secretive company that aggressively purchases tax liens and charges homeowners "excessive," "unreasonable," and "extraordinarily high" in order to avoid foreclosure.
The merger received final regulatory approval on April 1, 2014.
In April 2014, Pacific Western Bank and CapitalSource merged to form what is now the 6th largest publicly traded commercial bank headquartered in California, with more than $16 billion in assets.
For instance, after Pacific Western Bank unveiled plans to acquire California United Bank in 2017, community groups voiced concerns about the potential transaction, saying it should be approved only if the terms are changed.
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Capitalsource Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Stifel Financial | 1890 | $49.8M | 7,100 | 142 |
| Legg Mason | 1899 | $2.9B | 3,059 | - |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 169 |
| T. Rowe Price | 1937 | $7.1B | 7,678 | 441 |
| can not find info | 1839 | $31.9B | 2,204 | - |
| Primerica | 1977 | $602.0M | 2,104 | 76 |
| M&T Bank | 1856 | $499.3M | 16,840 | 1,046 |
| First Commonwealth Bank | 1880 | $400.6M | 51,800 | 53 |
| Fifth Third Bank | 1858 | $7.7T | 19,846 | 1,292 |
| BCS Financial | 1953 | $8.5M | 210 | 12 |
Capitalsource Inc history FAQs
Zippia gives an in-depth look into the details of Capitalsource Inc, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Capitalsource Inc. The employee data is based on information from people who have self-reported their past or current employments at Capitalsource Inc. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Capitalsource Inc. The data presented on this page does not represent the view of Capitalsource Inc and its employees or that of Zippia.
Capitalsource Inc may also be known as or be related to CAPITALSOURCE INC, Capital Source Inc and Capitalsource Inc.