PacWest Bancorp · San Diego, CA United States ·(NASDAQ (GS): PACW)
Company Description
Phone: 619-233-5588
Fax: 619-235-1268
Rankings
- S&P 400
View PacWest Bancorp Locations On A US Map
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This link will open in a new window PacWest Bancorp (formerly First Community Bancorp) is the holding company for Pacific Western Bank, which operates about 60 branches in Southern California. It targets small to midsized businesses and their owners and employees, offering them deposit and loan products and services. Commercial real estate mortgages make up more than half of the company's loan portfolio; business loans each weigh in at around 20%, followed by construction loans. The bank also makes residential mortgage, consumer, and other loans. The company's BFI Business Finance subsidiary (acquired in 2007) provides working capital to growing companies in California and the Northwest. To read the full description, subscribe now.
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Key PacWest Bancorp Financials
| Company Type | Public - NASDAQ (GS): PACW Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $243.8 |
| 2008 Employees | 887 |
PacWest Bancorp Executives
22 executives listed for PacWest Bancorp's San Diego, CA location.
| Title | Name & Bio | Contact |
| Chairman | John Eggemeyer | Network |
| CEO and Director; Chairman and CEO, Pacific Western Bank | Matthew Wagner | Network |
| President; President and Director, Pacific Western Bank | Michael Perdue | Network |
Competition
Competitive Landscape for PacWest Bancorp
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top PacWest Bancorp Competitors
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