pacific & western bank

Pacific Western Bank, Banks. 406 Blackwell Street, Suite 240 Durham, NC 27701. 919-627-6356. Pacific Western Bank, Bank. 900 Canterbury Place Suite 100 Escondido, CA 92025. (760) 432-1350. The Los Angeles-based parent company of Pacific Western Bank, which has 15 branches in the tri-county region, recorded net earnings of. pacific & western bank

Pacific & western bank -

Pacific Western Bank

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About Us

Pacific Western Bank is a commercial bank with over $26 billion in assets. The Bank has 74 full-service branches located throughout the state of California and one branch in Durham, North Carolina. Our Community Banking group provides lending and comprehensive deposit and treasury management services to small and medium-sized businesses conducted primarily through our California-based branch offices. We offer additional products and services through our National Lending and Venture Banking groups. National Lending provides asset-based, equipment, real estate and security cash flow loans and treasury management services to established middle-market businesses on a national basis. Venture Banking 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 Pacific Western Bank, visit www.pacwest.com.

Источник: http://escondidochamber.org/
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Источник: https://markets.businessinsider.com/news/stocks/pacific-western-bank-hires-jonathan-c-lorenz-as-colorado-market-president-1027865457

Pacific Western Bank buys Wedgewood’s multifamily lending wing

Pacific Western Bank's Matt Wagner and Civic's William Tessar (Photos courtesy American Banker; Civic)

A subsidiary of PacWest Bancorp has acquired the multifamily lending wing of Redondo Beach-based Wedgewood.

Beverly Hills-based Pacific Western Bank bought Civic Financial Services, which provides loans to real estate investors, according to the Los Angeles Business Journal. Terms of the deal were not disclosed.

Civic will retain its branding while becoming a wholly-owned subsidiary under PacWest. Civic’s president, William Tessar, will continue to lead the firm.

The company has provided $4.4 billion in loans since 2014, including $1 billion since the pandemic hit, it said. Pacific Western Bank President and CEO Matt Wagner said the acquisition “opens the door for us to grow in the private lending space,” according to the report. “We believe there is growth and earning potential in the residential space,” he said.

PacWest acquired Civic as part of a push to diversify its parent company’s lending portfolio. PacWest lends on assets outside of real estate as well, including commercial aircraft and commercial equipment. As of 2019, its assets totaled around $27 billion. The bank lost more than $1.2 billion last year that it pinned on impairment charges and credit loss provisions, the Journal noted.

Lending has tightened up since the pandemic and some multifamily landlords say they have struggled to pay their mortgages as some tenants skipped paying rent. Hundreds of landlords statewide received forgivable loans from the federal government last year.

Los Angeles landlords and those across California have challenged eviction moratoriums in court, but the measures remain in place. The state recently extended its eviction moratorium, while also implementing a rent subsidy program that could provide landlords with some guaranteed income. [LABJ] — Dennis Lynch


Источник: https://therealdeal.com/la/2021/02/04/pacific-western-bank-buys-wedgewoods-multifamily-lending-wing/

Pacific Western Bank

Leadership Circle Member

Contact Information

Website: https://www.pacwest.com

Email Address: [email protected]

Phone Number: 3035507980

Mailing Address: 5050 S Syracuse Ste 1000, Denver, CO, 80237

County: Denver

Colorado Region: Denver Metro

Organization Information

Organization Name: Pacific Western Bank

About Us:

Pacific Western Bank is a national financial institution with a community focus. With over $29 billion in assets, we look to create opportunity for every client we serve. Give us your vision, and we'll give you tailored solutions to help you achieve it.

We provide comprehensive community banking, national lending and venture banking services nationwide. We have 76 branches primarily located in California, with one in Denver, Colorado and another in Durham, North Carolina, with loan production offices across the country.

What We Do:

Pacific Western Bank works to improve the well-being of the communities we serve by committing financial and human resources. Through a robust community development program, Pacific Western Bank has a long-standing history of supporting local communities. We actively work to improve the well-being of those we serve by committing financial and human resources in our communities.

Accreditations & Professional Affiliations:

Diane Holbert, CTP ,VP Treasury Sales and Services
Beth Warning, CTP, VP Treasury Sales and Services

Area of Expertise: Financial Management

Percentage of client base that is nonprofit: Less than 20%

Percentage of client base that is in CO: Less than 20%

Источник: https://coloradononprofits.org/knowledge/nonprofit-consultant-directory/consultant/87639

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Источник: https://www.moderntreasury.com/integrate/pacific-western-bank-with-netsuite

Pacific Western Bank

Leadership Circle Member

Contact Information

Website: https://www.pacwest.com

Email Address: [email protected]

Phone Number: pacific & western bank Address: 5050 S Pacific & western bank Ste 1000, Denver, CO, 80237

County: Denver

Colorado Region: Denver Pacific & western bank Information

Organization Name: Pacific Western Bank

About Us:

Pacific Western Bank is a national financial institution with a community focus. With over $29 billion in assets, we look to create opportunity for every client we serve. Give us your vision, and pacific & western bank give you mobile homes for sale under 5000 in south carolina solutions to help you achieve it.

We provide comprehensive community banking, national lending and venture banking services nationwide. We have 76 branches primarily located in California, with one in Denver, Colorado and another in Durham, North Carolina, with loan production offices across the country.

What We Do:

Pacific Western Bank works to improve the well-being of the communities we serve by committing financial and human resources. Through a robust community development program, Pacific Western Bank has a long-standing history of supporting local communities. Pacific & western bank actively work to improve the well-being of those we serve by committing financial and human resources in our communities.

Accreditations & Professional Affiliations:

Diane Holbert, CTP ,VP Treasury Sales and Services
Beth Warning, CTP, VP Treasury Sales and Services

Area of Expertise: Financial Management

Percentage of client base that is nonprofit: Less than 20%

Percentage of client base that is in CO: Less than 20%

Источник: https://coloradononprofits.org/knowledge/nonprofit-consultant-directory/consultant/87639
Pacific Western Bank

BEVERLY HILLS, Calif., Jan. 29, 2021 /PRNewswire/ -- Today, PacWest Bancorp and Pacific Western Bank announced the first step of a Senior Leadership Transition Plan to be realized over the next three years. The plan involves the retention of Matthew P. Wagner as President and Chief Executive Officer through December 31, 2023, after which it is anticipated that he will transition to the role of Executive Chairman of PacWest Bancorp.

Over the next three years, the Board of Directors, working in concert with Mr. Wagner and the Executive Team, will be working to ensure that there is a smooth transition of leadership to support employees, customers, shareholders and the communities the bank serves.

John Eggemeyer, Chairman of the Board, commented “Matt has built an incredible company from its humble beginnings as a $200 million asset San Diego bank into a $29 billion asset bank doing business nationwide. We believe that the executive team in place can build upon the success of the past 20 years. While we embark on this leadership transition, we remain committed to our core strategies of building relationships with our clients while serving banking needs of our customers and their communities.”

About Pacific Western Bank

Pacific Western Bank is a commercial bank with over $29 billion in assets headquartered in Los Angeles, California, with executive offices in Denver, Colorado. The Bank has 70 full-service branches primarily located in California, with one branch located in Durham, North Carolina, and one branch located in Denver, Colorado. The bank provides community banking products including lending and pacific & western bank deposit and treasury management services to small and medium-sized businesses conducted primarily through our California-based branch offices and Denver, Colorado branch office. The Bank offers national lending products including asset-based, equipment, and real estate loans and treasury management services to established middle-market businesses on a national basis. The Bank also offers venture banking products including a comprehensive suite of financial services focused on entrepreneurial and venture-backed businesses and their venture capital and private equity investors, with offices located in key innovation hubs across the United States. For more information about Pacific Western Bank, visit www.pacwest.com.

Media Contacts
Kristen Mboijana 301.634.6905

Pacific Western Bank buys Wedgewood’s multifamily lending wing

Pacific Western Bank's Matt Wagner and Civic's William Tessar (Photos courtesy American Banker; Civic)

A subsidiary of PacWest Bancorp has acquired the multifamily lending wing of Redondo Beach-based Wedgewood.

Beverly Hills-based Pacific Western Bank bought Civic Financial Services, which provides loans to real estate investors, according to the Los Angeles Business Journal. Terms of the deal were pacific & western bank disclosed.

Civic will retain its branding while becoming a wholly-owned subsidiary under PacWest. Civic’s president, William Tessar, will continue to lead the firm.

The company has provided $4.4 billion in loans since 2014, including $1 billion since the pandemic hit, it said. Pacific Western Bank President and CEO Matt Wagner said the acquisition “opens the door for us to grow in the private lending space,” according to the report. “We believe there is growth and earning potential in the residential space,” he said.

PacWest acquired Pacific & western bank as part of a push to diversify its parent company’s lending portfolio. PacWest lends on assets outside of real estate as well, including commercial aircraft and commercial equipment. As of 2019, its assets totaled around $27 billion. The bank lost more than $1.2 billion last year that it pinned on impairment charges and credit loss provisions, the Journal noted.

Lending has tightened up since the pandemic and some multifamily landlords say they have struggled to pay their mortgages as some tenants skipped paying rent. Hundreds of landlords statewide received forgivable loans from the federal government last year.

Los Angeles pacific & western bank and those across Pacific & western bank have challenged pacific & western bank moratoriums in court, but the measures remain in place. The state recently extended its eviction moratorium, while also implementing a rent subsidy program that could provide landlords with some guaranteed income. [LABJ] — Dennis Lynch


Источник: https://therealdeal.com/la/2021/02/04/pacific-western-bank-buys-wedgewoods-multifamily-lending-wing/

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