PacWest Bancorp is a bank holding company with over $20 billion in assets with one wholly-owned banking subsidiary, Pacific Western Bank. With 80 full-service branches located throughout the state of California, 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 through its CapitalSource and Square 1 Bank divisions. The CapitalSource Division provides cash flow, asset-based, equipment and real estate loans and treasury management services to established middle market businesses on a national basis. The Square 1 Bank Division, headquartered at Pacific Western’s Durham, North Carolina branch, offers a comprehensive suite of financial services focused on entrepreneurial businesses and their venture capital and private equity investors, with offices located in all key innovation hubs across the United States.
Fund IV was previously invested in Square 1 Financial, Inc., which was acquired by PacWest Bancorp (NASDAQ: PACW) effective as of October 6, 2015. For more information on the transaction, please read this press release. Square 1 Financial, Inc. was the bank holding company for Square 1 Bank, a full-service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1 had offices coast-to-coast in Austin, Boston, Denver, Durham, Los Angeles, New York, San Diego, Seattle, Silicon Valley and Washington, DC (which continue to operate post-acquisition as part of the Square 1 Bank Division).← Back to Portfolio Page