PACW - Dividend announcements

Combined bank emerges as the third-largest bank headquartered in California and one of the nation's premier relationship-focused business banks Banc of California, Inc. ("Banc of California") (NYSE:BANC) today announced the completion of its transformational merger with PacWest Bancorp ("PacWest") (NASDAQ:PACW), pursuant to which PacWest has merged into Banc of California, and as of December 1, 2023, Banc of California, N.A. will have merged into Pacific Western Bank (the "combined bank"). The combined bank will operate under the Banc of California name and brand. Concurrent with the completion of the merger, Banc of California also completed its $400 million equity raise from affiliates

Merger proposal receives in excess of 98% approval of the shares voted from each of Banc of California and PacWest Bancorp stockholders Banc of California, Inc. ("Banc of California") (NYSE:BANC) and PacWest Bancorp ("PacWest") (NASDAQ:PACW) today jointly announced that, at their respective special meetings of stockholders held earlier today, they each received the necessary stockholder approval for the proposed combination of Banc of California and PacWest. The final results for the proposals voted on at the special meetings of each company's stockholders held today will be set forth in the companies' separate Current Reports on Form 8-K to be filed with the U.S. Securities and Exchange

SANTA ANA, Calif. and LOS ANGELES, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Banc of California, Inc. ("Banc of California") (NYSE:BANC) and PacWest Bancorp ("PacWest") (NASDAQ:PACW) today jointly announced that, at their respective special meetings of stockholders held earlier today, they each received the necessary stockholder approval for the proposed combination of Banc of California and PacWest. The final results for the proposals voted on at the special meetings of each company's stockholders held today will be set forth in the companies' separate Current Reports on Form 8-K to be filed with the U.S. Securities and Exchange Commissions (the "SEC"). The transaction is expected to close as pla

LOS ANGELES, Nov. 01, 2023 (GLOBE NEWSWIRE) -- PacWest Bancorp (NASDAQ:PACW) announced today that its Board of Directors has declared a quarterly cash dividend of $0.01 per common share. The cash dividend is payable on November 27, 2023 to stockholders of record at the close of business on November 13, 2023. The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable November 28, 2023 to stockholders of record as of November 13, 2023. The Series A depositary shares are traded on the Nasdaq Stock Exchange under the "PACWP" symbol. ABOUT PACWEST

THIRD QUARTER 2023 HIGHLIGHTS Net loss available to common stockholders of $33.3 million, or a loss of $0.28 per diluted sharePending merger with Banc of California, Inc. is on track with all regulatory approvals received and is expected to close on or about November 30, 2023The Bank put in place a large liquidity base to cautiously navigate the end of the first quarter of 2023 through the third quarter of 2023. The excess borrowings, including $1.4 billion of brokered deposits (at a rate of 5.19%) and the $1.3 billion repurchase agreement facility (at a rate of 8.50%), are expected to roll off in the fourth quarter of 2023. We belie

LOS ANGELES, Oct. 19, 2023 (GLOBE NEWSWIRE) -- PacWest Bancorp ("PacWest") (NASDAQ:PACW) today announced that the Board of Governors of the Federal Reserve System granted its approval of the previously announced combination of PacWest and Banc of California, Inc. ("Banc of California") and their respective bank subsidiaries, Pacific Western Bank and Banc of California, N.A. In addition, on October 5, 2023, the California Department of Financial Protection and Innovation granted its approval of Banc of California acquiring control of Pacific Western Bank and of the merger of Banc of California, N.A. and Pacific Western Bank. No further regulatory approvals are required to complete the propo

Banc of California, Inc. ("Banc of California") (NYSE:BANC) and PacWest Bancorp ("PacWest") (NASDAQ:PACW) today announced that the Board of Governors of the Federal Reserve System granted its approval of the previously announced combination of Banc of California and PacWest and their respective bank subsidiaries, Banc of California, N.A. and Pacific Western Bank. In addition, on October 5, 2023, the California Department of Financial Protection and Innovation granted its approval of the merger of Banc of California, N.A. and Pacific Western Bank. No further regulatory approvals are required to complete the proposed transaction. The consummation of the proposed transaction is expected to clo

Banc of California, N.A. ("Banc of California"), a wholly-owned subsidiary of Banc of California, Inc. (NYSE:BANC) and Rise Economy announced today a $4.1 billion, three-year Community Benefits Plan (the "Plan"). Banc of California and Rise Economy (formerly the California Reinvestment Coalition) leaders worked collaboratively to develop the expansive plan in connection with Banc of California's transformational merger with Pacific Western Bank, a wholly-owned subsidiary of PacWest Bancorp (NASDAQ:PACW). The Plan is intended to make a meaningful and positive impact in communities served by the combined institution. The Plan includes the following goals and targets, among others, of the co

LOS ANGELES, Aug. 02, 2023 (GLOBE NEWSWIRE) -- PacWest Bancorp (NASDAQ:PACW) announced today that its Board of Directors has declared a quarterly cash dividend of $0.01 per common share. The cash dividend is payable on August 31, 2023 to stockholders of record at the close of business on August 15, 2023. The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable September 1, 2023 to stockholders of record as of August 15, 2023. The Series A depositary shares are traded on the Nasdaq Stock Exchange under the "PACWP" symbol. ABOUT PACWEST BANCOR

LOS ANGELES, May 05, 2023 (GLOBE NEWSWIRE) -- PacWest Bancorp (NASDAQ:PACW) announced today that on May 3, 2023, its Board of Directors declared a quarterly cash dividend of $0.01 per common share. The cash dividend is payable on May 31, 2023 to stockholders of record at the close of business on May 15, 2023. On May 3, 2023, the Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable June 1, 2023 to stockholders of record as of May 15, 2023. The Series A depositary shares are traded on the Nasdaq Stock Exchange under the "PACWP" symbol. Paul Ta

LOS ANGELES, Feb. 01, 2023 (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 February 28, 2023 to stockholders of record at the close of business on February 15, 2023. The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable March 1, 2023 to stockholders of record as of February 15, 2023. The Series A depositary shares are traded on the Nasdaq Stock Exchange under the "PACWP" symbol. ABOUT PACWEST BANC

LOS ANGELES, Nov. 01, 2022 (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 November 30, 2022 to stockholders of record at the close of business on November 15, 2022. The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable December 1, 2022 to stockholders of record as of November 15, 2022. The Series A depositary shares are traded on the Nasdaq Stock Exchange under the "PACWP" symbol. ABOUT PACWEST B

LOS ANGELES, Aug. 01, 2022 (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 31, 2022 to stockholders of record at the close of business on August 15, 2022. The Board of Directors also declared a quarterly cash dividend of $0.4575 per depositary share on its 7.75% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable September 1, 2022 to stockholders of record as of August 15, 2022. The Series A depositary shares are traded on the Nasdaq Stock Exchange under the "PACWP" symbol. ABOUT PACWEST BANCOR

LOS ANGELES, July 20, 2022 (GLOBE NEWSWIRE) -- PacWest Bancorp (NASDAQ:PACW) - SECOND QUARTER 2022 RESULTS $122.4M $1.02 $174.6M24.42%Net Earnings Diluted Earnings per Common Share PPNRROATCE SECOND QUARTER 2022 HIGHLIGHTS Net Earnings of $122.4 Million or $1.02 Per Diluted ShareNet Interest Income (TE) of $327.8 Million in 2Q22 vs. $312.7 Million in 1Q22; Up 4.8%Provision for Credit Losses of $11.5 Million in 2Q22, of Which $1.5 Million Related to Held-to-Maturity Securities (HTM), vs. No Provision for Credit Losses in 1Q22Noninterest Income of $34.3 Million in 2Q22 vs. $20.8 Million in 1Q22Noninterest Expense of $183.6 Million in 2Q22 vs. $167.4 Million in 1Q22; Driven by Loan G

LOS ANGELES, May 02, 2022 (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 May 31, 2022 to stockholders of record at the close of business on May 16, 2022. ABOUT PACWEST BANCORP PacWest Bancorp ("PacWest") is a bank holding company with over $39 billion in assets headquartered in Los Angeles, California, with an executive office in Denver, Colorado, with one wholly-owned banking subsidiary, Pacific Western Bank (the "Bank"). The Bank is focused on relationship-based business banking to small, middle-market, and venture-backed businesses nationwide

LOS ANGELES, April 19, 2022 (GLOBE NEWSWIRE) -- PacWest Bancorp (NASDAQ:PACW) - FIRST QUARTER 2022 RESULTS  $120.1M $1.01 $162.1M 20.93%  Net Earnings Diluted Earnings per Share PPNR ROATE  FIRST QUARTER 2022 HIGHLIGHTS Net Earnings of $120.1 Million or $1.01 Per Diluted SharePPNR of $162.1 Million, Down 10.8% vs. 4Q21Net Interest Income (TE) of $312.7 Million in 1Q22 vs. $304.5 Million in 4Q21No Provision for Credit Losses in 1Q22 vs. Benefit of $6.0 Million in 4Q21Noninterest Income of $20.8 Million in 1Q22 vs. $57.4 Million in 4Q21; Warrant Income Down $23.4 MillionNoninterest Expense of $167.4 Million in 1Q22 vs. $176.1 Million in 4Q21Loan Growth of $1.4 Billion or 6.1% from Prior Q

LOS ANGELES, Feb. 01, 2022 (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 February 28, 2022 to stockholders of record at the close of business on February 15, 2022. ABOUT PACWEST BANCORP PacWest Bancorp ("PacWest") is a bank holding company with over $40 billion in assets headquartered in Los Angeles, California, with an executive office in Denver, Colorado, with one wholly-owned banking subsidiary, Pacific Western Bank (the "Bank"). The Bank has 69 full-service branches located in California, one branch located in Durham, North Carolina, and on

LOS ANGELES, Jan. 19, 2022 (GLOBE NEWSWIRE) -- PacWest Bancorp (NASDAQ:PACW) -  FOURTH QUARTER 2021 RESULTS $136.0M$1.14$181.7M22.06%Net EarningsDiluted Earningsper SharePPNRROATE     FOURTH QUARTER 2021 HIGHLIGHTS Net Earnings of $136.0 Million or $1.14 Per Diluted ShareCore Deposits Up $4.6 Billion or 16.3% of which $4.1 Billion Related to the Acquisition of the HOA Business in October; Represents 93% of Total DepositsLoan Growth of $2.4 Billion or 11.8%Civic Loan Production of $480 Million in 4Q21, Compared to $481 Million in 3Q21PPNR of $181.7 Million, Up 8.3% Compared to 3Q21Provision for Credit Losses Benefit of $6.0 Million in 4Q21 Compared to Benefit of $20.0 Million in 3Q2

LOS ANGELES, Calif., Nov. 01, 2021 (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 November 30, 2021 to stockholders of record at the close of business on November 15, 2021. ABOUT PACWEST BANCORP PacWest Bancorp ("PacWest") is a bank holding company with over $35 billion in assets headquartered in Los Angeles, California, with an executive office in Denver, Colorado, with one wholly-owned banking subsidiary, Pacific Western Bank (the "Bank"). The Bank has 69 full-service branches located in California, one branch located in Durham

LOS ANGELES, Oct. 18, 2021 (GLOBE NEWSWIRE) -- PacWest Bancorp (NASDAQ:PACW) - THIRD QUARTER 2021 RESULTS $140.0M$1.17$167.8M21.03%Net EarningsDiluted Earnings per SharePPNRROATE THIRD QUARTER 2021 HIGHLIGHTS Net Earnings of $140.0 Million or $1.17 Per Diluted ShareCore Deposits Up $1.1 Billion or 4.1% in 3Q21; Represents 92% of Total DepositsLoan Growth of $1.0 Billion or 5.2%; Excluding PPP Loan Activity, Loan Growth of $1.3 Billion or 7.1%Civic Loan Production of $481 Million in 3Q21, Compared to $423 Million in 2Q21PPNR of $167.8 Million, Up 8.3% Compared to 2Q21Provision for Credit Losses Benefit of $20.0 Million in 3Q21 Compared to Benefit of $88.0 Million in 2Q21Net Interest Inco

LOS ANGELES, Aug. 02, 2021 (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 31, 2021 to stockholders of record at the close of business on August 17, 2021. ABOUT PACWEST BANCORP PacWest Bancorp ("PacWest") is a bank holding company with over $34 billion in assets headquartered in Los Angeles, California, with an executive office in Denver, Colorado, with one wholly-owned banking subsidiary, Pacific Western Bank (the "Bank"). The Bank has 70 full-service branches located in California, one branch located in Durham, North Carolina, and one br

LOS ANGELES, July 19, 2021 (GLOBE NEWSWIRE) -- PacWest Bancorp (NASDAQ:PACW) - SECOND QUARTER 2021 RESULTS $180.5M $1.52 $154.9M 29.25%Net Earnings Diluted Earnings per Share PPNR ROATE SECOND QUARTER 2021 HIGHLIGHTS Net Earnings of $180.5 Million or $1.52 Per Diluted ShareCore Deposits Up $1.5 Billion or 22.9% annualized in 2Q21; Represents 91% of Total DepositsLoan Growth of $527.0 Million or 11.1% annualized, Excluding PPP Loan Activity, Growth of $997.1 Million or 22.3% annualizedCivic Loan Production of $423 Million in 2Q21, Compared to $231 Million for Two Months in 1Q21Provision for Credit Losses Benefit of $88.0 Million in 2Q21 Compared to Bene

LOS ANGELES, May 03, 2021 (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 May 28, 2021 to stockholders of record at the close of business on May 17, 2021. ABOUT PACWEST BANCORP PacWest Bancorp ("PacWest") is a bank holding company with over $32 billion in assets headquartered in Los Angeles, California, with an executive office in Denver, Colorado, with one wholly-owned banking subsidiary, Pacific Western Bank (the "Bank"). The Bank has 70 full-service branches located in California, one branch located in Durham, North Carolina, and one branch lo

LOS ANGELES, April 20, 2021 (GLOBE NEWSWIRE) -- FIRST QUARTER 2021 RESULTS $150.4M$1.27$156.0M25.67%Net EarningsDiluted Earnings per SharePPNRROATE FIRST QUARTER 2021 HIGHLIGHTS Net Earnings of $150.4 Million or $1.27 Per Diluted ShareCore Deposits Up $3.3 Billion or 15% in 1Q21; Represents 91% of Total DepositsProvision for Credit Losses Benefit of $48.0 Million in 1Q21 Compared to Provision of $10.0 Million in 4Q20Net Interest Income (TE) of $264.6 Million, Compared With $262.1 Million in 4Q20Noninterest Income of $44.8 Million, Up 12% From 4Q20, With Continued Strength in Warrant Income As Well As a $10.1 Million Gain on an

LOS ANGELES, Feb. 17, 2021 (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 March 10, 2021 to stockholders of record at the close of business on March 1, 2021.   ABOUT PACWEST BANCORP PacWest Bancorp (“PacWest”) is a bank holding company with over $29 billion in assets headquartered in Los Angeles, California, with executive offices in Denver, Colorado, with one wholly-owned banking subsidiary, Pacific Western Bank (the “Bank”). The Bank has 70 full-service branches located in California, one branch located in Durham, North Carolina,

Fourth Quarter 2020 Highlights Net Earnings of $116.8 Million, or $0.99 Per Diluted ShareStrong Pre-Provision, Pre-Tax Net Revenue (“PPNR”) of $163.4 MillionProvision for Credit Losses of $10.0 Million in Q4 Compared to $97.0 Million in Q3Core Deposits Up $1.1 Billion or 5% in Q4; Represents 89% of Total DepositsStrong Capital Position – CET1 Ratio of 10.53% Full Year 2020 Highlights Excluding Goodwill Impairment, Net Earnings of $232.4 Million, or $1.97 Per Diluted ShareNet Loss of $1.24 Billion, or $(10.61) Per Diluted Share Due to $1.47 Billion Goodwill ImpairmentStrong Pre-Provision, Pre-Tax Net Revenue (“PPNR”) of $646.6 MillionProvision for Credit Losses of $339.0 Million Comp

NEW YORK, Dec. 11, 2020 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a full‐service, boutique investment bank and broker‐dealer that specializes in the financial services sector, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2020. This quarter, there are constituent changes within three of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), the KBW Nasdaq Insurance Index (Index Ticker: KIX), and the KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). There are also a number of changes to the two modified-divi