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PacWest Bancorp Announces Quarterly Dividend

LOS ANGELES, May 13, 2015 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq:PACW) announced today that its Board of Directors has declared a quarterly cash dividend of $0.50 per common share. The cash dividend is payable on June 4, 2015 to stockholders of record at the close of business on May 26, 2015.

ABOUT PACWEST BANCORP

PacWest Bancorp (“PacWest”) is a bank holding company with over $16 billion in assets with one wholly-owned banking subsidiary, Pacific Western Bank (“Pacific Western”). Through 80 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. Pacific Western and its CapitalSource Division 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 information: Matt Wagner, Chief Executive Officer, (310) 728-1020 Vic Santoro, Executive Vice President and CFO, (310) 728-1021

Source:PacWest Bancorp