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PacWest Bancorp history
PacWest Bancorp company history timeline
In 2005, First Community Bancorp acquired Glendora, California-based Foothill Independent Bancorp (Nasdaq: FOOT) for $238 million.
The bank started in 2005 grew to 13 locations and $3.1 billion in assets.
In 2006, First Community Bancorp combined the two banks it then owned, Pacific Western National Bank and First National Bank, renaming them the Pacific Western Bank.
In 2008, First Community Bancorp announced its plans to reincorporate in Delaware and change its name to PacWest Bancorp.
In July 2013, PacWest announced it would acquire the commercial bank CapitalSource for around $2.29 billion.
On March 2, 2015, an $894 million merger was announced with Square 1 Financial Inc., the parent company of Durham, North Carolina-based Square 1 Bank.
On January 17, 2019, PacWest Bancorp decided to retire CapitalSource and Square 1 Bank brand names and renamed them with National Lending and Venture Banking groups.
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Zippia gives an in-depth look into the details of PacWest Bancorp, including salaries, political affiliations, employee data, and more, in order to inform job seekers about PacWest Bancorp. The employee data is based on information from people who have self-reported their past or current employments at PacWest Bancorp. 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 PacWest Bancorp. The data presented on this page does not represent the view of PacWest Bancorp and its employees or that of Zippia.
PacWest Bancorp may also be known as or be related to PACWEST BANCORP, PacWest Bancorp and Pacwest Bancorp.