May 1, 2019
Los Angeles-based Pacific Western Bank has retired the names of CapitalSource and Square 1 Bank, consolidating them under one brand name. The entire enterprise now will be marketed as Pacific Western Bank, the primary brand that has been in use for nearly two decades.
PacWest Bancorp had acquired CapitalSource in 2014. By assuming a sole identity, the bank seeks to further its position as a leader in the mid-sized banking sector. It focuses on financing CRE deals in the $10 million to $50 million range.
Pacific Western Bank also continues to expand its geographic footprint, recently opening a new corporate office in Denver. It plans to open a full-service branch there in Q4 2019.
The move to one integrated brand is expected to position the bank well as it expands its nationwide business and reputation in providing business banking, lending, depository and treasury management services.
For comments, questions or concerns, please contact Dennis Kaiser