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Donald D. Destino Joins PacWest Bancorp as Executive Vice President, Investor Relations and Corporate Development

LOS ANGELES, Aug. 29, 2016 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq:PACW) today announced that Donald D. Destino has been appointed as Executive Vice President, Investor Relations and Corporate Development. In this newly created role, Mr. Destino will focus on enhancing PacWest’s investor relations program and evaluating prospective strategic opportunities to generate improved financial results and increase shareholder value. He will serve as a member of the firm’s executive management team and will be based at PacWest’s headquarters office in Beverly Hills.

“Not only does Don bring the right professional and management skills to his new position, he also gives us more bandwidth and sophistication in the area of investor outreach and corporate development,” noted Matt Wagner, CEO of PacWest Bancorp. “We look forward to Don’s insight as we work to better inform current and prospective investors about PacWest Bancorp,” concluded Mr. Wagner.

Mr. Destino brings nearly 25 years of professional experience to his new role. Most recently, he served as Portfolio Manager-Harvest Financial Partners at Harvest Capital Strategies focusing on investment opportunities in the financial services sector. Before that, he was a director at KKR & Co. L.P. where he managed an investment portfolio across multiple industry sectors and has also served in a variety of equity research roles for JMP Securities, Banc of America Securities and Jefferies Group.

Mr. Destino earned a BA in economics and sociology from the University of San Diego and an MBA from Yale University’s School of Management.

ABOUT PACWEST BANCORP

PacWest Bancorp (“PacWest”) is a bank holding company with $21 billion in assets with one wholly-owned banking subsidiary, Pacific Western Bank (“Pacific Western”). The Bank has 79 full-service branches located throughout the state of California and one branch in Durham, North Carolina. Pacific Western provides commercial banking services, including real estate, construction, and commercial loans, and comprehensive deposit and treasury management services to small and medium-sized businesses. Pacific Western offers additional products and services under the brands of its business groups, CapitalSource and Square 1 Bank. CapitalSource provides cash flow, asset-based, equipment and real estate loans and leases and treasury management services to established middle market businesses on a national basis. Square 1 Bank offers a comprehensive suite of financial services focused on entrepreneurial businesses and their venture capital and private equity investors, with offices located in key innovative hubs across the United States. 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) 887-8520 Pat Rusnak, Executive Vice President and CFO, (714) 989-4705

Source:PacWest Bancorp