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PacWest Bancorp Announces Quarterly Dividend


$0.25 Per Share Cash Dividend Payable on August 26, 2014 to Stockholders of Record on August 18, 2014

LOS ANGELES, Aug. 6, 2014 (GLOBE NEWSWIRE) -- 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 August 26, 2014 to stockholders of record at the close of business on August 18, 2014. 

ABOUT PACWEST BANCORP

PacWest Bancorp ("PacWest") is a bank holding company with over $15 billion in assets with one wholly-owned banking subsidiary, Pacific Western Bank ("Pacific Western"). Through 81 full-service branches located throughout the state of California, Pacific Western provides commercial banking services, including real estate, construction, and commercial loans, to small and medium-sized businesses. Its divisions CapitalSource and Pacific Western Equipment Finance, and its subsidiary CapitalSource Business Finance Group, deliver the full spectrum of financing solutions nationwide across numerous industries and property types. For more information about PacWest Bancorp, visit www.pacwestbancorp.com, or to learn more about Pacific Western Bank, visit www.pacificwesternbank.com.

CONTACT: Matt Wagner, Chief Executive Officer, (310) 728-1020
         Vic Santoro, Executive Vice President and CFO, (310) 728-1021
Source: PacWest Bancorp