PR Newswire
PACIFIC WESTERN BANK (THE "BANK"), THE WHOLLY-OWNED BANKING SUBSIDIARY OF PACWEST BANCORP (NASDAQ: PACW), ANNOUNCED TODAY THE RELEASE OF THE 2021 ENVIRONMENTAL SOCIAL GOVERNANCE REPORT, WHICH IS AVAILABLE AT: HTTPS://WWW.PACWEST.COM/SITES/DEFAULT/FILES/FILES/2021ENVIRONMENTALSOCIALGOVERNANCEREPORT.PDF
LOS ANGELES , April 7, 2022 /PRNewswire/ -- PWB 2021 Environmental Social Governance Report
Some of the key developments that are highlighted in the 2021 Report include:
- $1 billion in lending benefiting low- or moderate-income individuals and small businesses
- $3.5 million in charitable contributions to benefit local communities
- Outstanding CRA rating from the FDIC
- 2,896 Employee volunteer hours
- Our total workforce is 51% racially diverse
- Originated 2,032 Paycheck Protection Program loans to help small businesses in our communities
"We believe that change is driven by empowering those we serve," said Matt Wagner , President and CEO. "Accordingly, we increased our efforts to deploy capital to businesses supporting sustainable development in their local communities and on a national level through our "Banking on the Future" initiative. In this Report, you will find real-life stories of business leaders and entrepreneurs who are forging a new and profitable path to positively impact the environment and the world to further equality and equity."
This is the Bank's second full-length report following the inaugural release of its 2020 Report in 2021.
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 one branch located in Denver, Colorado . The Bank provides community banking products, including lending and comprehensive 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 provides 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 innovative hubs across the United States . The Bank also offers financing of business-purpose, non-owner-occupied investor properties through Civic Financial Services, a wholly-owned subsidiary. The Bank also offers a specialized suite of services for the HOA industry. For more information about PacWest Bancorp or Pacific Western Bank, visit www.pacwest.com .
CONTACT:
Pamela Flores
7732189260
pamflo@ameritech.net
SOURCE Pacific Western Bank