ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2014

ACQUISITIONS

Schedule of balance sheets of the acquired entities presented at estimated fair value as of their respective acquisition dates

	May 31, 2013
	(In thousands)
Assets Acquired:
Cash and due from banks	$	6,124
Interest-earning deposits in financial institutions		266,889
Investment securities available-for-sale		4,444
FHLB stock		9,518
Loans and leases		1,049,613
Other real estate owned		13,772
Premises and equipment		15,322
FDIC loss sharing asset		17,241
Cash surrender value of life insurance		13,265
Goodwill		129,070
Core deposit and customer relationship intangibles		7,927
Other assets		47,671
Total assets acquired	$	1,580,856
Liabilities Assumed:
Noninterest-bearing deposits	$	361,166
Interest-bearing deposits		739,713
Subordinated debentures		24,061
Discontinued operations		184,619
Accrued interest payable and other liabilities		19,729
Total liabilities assumed	$	1,329,288
Total consideration paid	$	251,568
Summary of consideration:
PacWest common stock issued	$	242,268
Cancellation of FCAL common stock owned by PacWest (at acquisition date fair value)		9,300
Total	$	251,568