PacWest Bank - M&A Summary and Business Overview

Financial ServicesCompany

PacWest Bank M&A Summary

PacWest Bank has acquired 6 companies, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

PacWest Bank’s largest acquisition to date was in 2014, when it acquired CapitalSource for $2.3B. PacWest Bank has acquired in 3 different US states. The Company’s most targeted sectors include financial services (100%).

PacWest Bank Business Overview

Where is PacWest Bank headquartered?

PacWest Bank is headquartered in Beverly Hills, California.

What is PacWest Bank’s revenue?

PacWest Bank disclosed revenue of 1,286M USD for 2022 and 1,260M USD for 2021.

How many employees does PacWest Bank have?

PacWest Bank has 2,400 employees.

What sector is PacWest Bank in?

PacWest Bank is a financial services company.

When was PacWest Bank founded?

PacWest Bank was founded in 1999.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 4

PacWest Bank

PacWest Bancorp.

9701 Wilshire Boulevard Suite 700,
Beverly Hills, California 90212
United States,
(310) 887-8500
www.pacwestbancorp.com

PacWest Bank is a provider of commercial banking services, including real estate, construction, and commercial loans, to small and medium-sized businesses. PWB's branches are located throughout California. Pacific Western's divisions CapitalSource, First Community Financial and Pacific Western Equipment Finance, and its subsidiaries BFI Business Finance and Celtic Capital Corporation, deliver a full spectrum of financing solutions nationwide across many industries and property types. PacWest Bank was founded in 1999 and is based in Beverly Hills, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 - 1 - - - 5
vol $3.1B $3.1B
Sell (0.2/yr) # - - - - 1 - 1
  6

Most Recent M&A

Company Date Value Type
Civic Financial Services, LLC 2023-05-23 - Divestiture
Redondo Beach, California · www.civicsf.com
Civic Financial Services, LLC 2021-02-02 - Add-on Acquisition
Redondo Beach, California · www.civicsf.com
Square 1 Financial, Inc. 2015-10-07 815M USD Add-on Acquisition
Durham, North Carolina · www.square1financial.com
CapitalSource, Inc. 2014-04-08 2.3B USD Add-on Acquisition
Chevy Chase, Maryland · www.capitalsource.com
First California Financial Group, Inc. 2013-05-31 - Add-on Acquisition
Westlake Village, California · www.fcbank.com
Foothill Independent Bancorp 2006-05-10 - Add-on Acquisition
Glendora,, California · www.foothillindbank.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
CapitalSource, Inc. 2014-04-08 DTLR, Inc. 2021-02-01 1
Chevy Chase, Maryland · www.capitalsource.com Hanover, Maryland · www.dtlr.com
Pacific Western Bank    - Pacific Western Bank - Laguna Hills and Seal Beach, CA Retail Branches 2016-10-03 1
Los Angeles, California · www.pacificwesternbank.com Laguna Hills, California
Pacific Western Bank    - Marquette Equipment Finance LLC 2012-01-03 4
Los Angeles, California · www.pacificwesternbank.com Cottonwood Heights, Utah · www.marquetteequipmentfinance.com
Pacific Western Bank    - Los Padres Bank 2010-08-20 3
Los Angeles, California · www.pacificwesternbank.com Solvang, California · www.lospadresbank.com

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 5 (100%) 3.1B (100%) 1 (100%) -
Total 5 $3.1B 1 -

By Geo

State/Country Buy Value Sell Value
United States 5 3.1B 1 -
  California 3 - 1 -
  North Carolina 1 815M - -
  Maryland 1 2.3B - -
Total 5 $3.1B 1 -

Top M&A Advisors

Financial Deals
Jefferies
 1
Goldman Sachs
 1
Piper Sandler & Co.
 1
Legal Deals
Sullivan & Cromwell
 1

Deal Values

buy # Total
> $1B 1 $2.3B
$100M to $1B 1 $815M
TOTAL $3.1B
Largest CapitalSource, Inc.
$2.3B (2014-04-08)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Financial Services

Revenue

1,286   3% 2022
1,260   12% 2021
1,130   0% 2020
1,130   5% 2019
1,179   8% 2018
1,094   2% 2017
1,083   1078% 2016
92   2015
(millions of USD) Show More Show Less

Employees

2,400

Established

1999

Former Name

First Community Bancorp

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