UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
November 5, 2014
Date of Report (Date of Earliest Event Reported)
PACWEST BANCORP
(Exact Name of Registrant as Specified in Charter)
DELAWARE |
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00-30747 |
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33-0885320 |
(State or Other Jurisdiction of Incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
10250 Constellation Blvd., Suite 1640
Los Angeles, California 90067
(Address of Principal Executive Offices)(Zip Code)
(310) 286-1144
(Registrants Telephone Number, including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.*
On November 5, 2014, PacWest Bancorp issued a press release announcing the declaration of a quarterly dividend on its common stock. A copy of the press release is furnished as Exhibit 99.1 of this Form 8-K.
Item 9.01 Financial Statements and Exhibits.*
(d) Exhibits.
Exhibit No. |
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Description |
99.1 |
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Press release issued by PacWest Bancorp dated November 5, 2014, announcing a dividend on its common stock |
*The information furnished under Item 8.01 and Item 9.01 of this Current Report on Form 8-K, including the exhibit, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section, nor shall it be deemed incorporated by reference in any registration statement or other filings of PacWest Bancorp under the Securities Act of 1933, as amended, except as shall be set forth by specific reference in such filing.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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PACWEST BANCORP |
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Date: November 5, 2014 |
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By: |
/s/ Lynn M. Hopkins |
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Name: |
Lynn M. Hopkins |
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Title: |
Executive Vice President |
Exhibit 99.1
PRESS RELEASE
PacWest Bancorp
(NASDAQ: PACW)
Contact: |
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Matthew P. Wagner President and CEO 10250 Constellation Boulevard Suite 1640 Los Angeles, CA 90067 |
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Victor R. Santoro Executive Vice President and CFO 10250 Constellation Boulevard Suite 1640 Los Angeles, CA 90067 |
Phone: |
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310-728-1020 |
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310-728-1021 |
Fax: |
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310-201-0498 |
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310-201-0498 |
FOR IMMEDIATE RELEASE |
November 5, 2014 |
PACWEST BANCORP ANNOUNCES INCREASED QUARTERLY DIVIDEND
$0.50 Per Share Cash Dividend Payable on November 26, 2014
to Stockholders of Record on November 17, 2014
Los Angeles, California . . . PacWest Bancorp (Nasdaq: PACW) announced today that its Board of Directors has declared a quarterly cash dividend of $0.50 per common share, increased from $0.25 per common share last quarter. The cash dividend is payable on November 26, 2014 to stockholders of record at the close of business on November 17, 2014.
Matt Wagner, President and CEO of PacWest Bancorp, stated Our quarterly growth and earnings have been excellent and capital continues to build. We are pleased that this increased regular quarterly dividend provides a solid return to our stockholders.
ABOUT PACWEST BANCORP
PacWest Bancorp (PacWest) is a bank holding company with over $15 billion in assets with one wholly-owned banking subsidiary, Pacific Western Bank (Pacific Western). Through 80 full-service branches located throughout the state of California, Pacific Western provides commercial banking services, including real estate, construction, and commercial loans, to small and medium-sized businesses. Its CapitalSource and Community Banking divisions, and its subsidiary CapitalSource Business Finance Group (formerly known as BFI Business Finance), deliver the full spectrum of financing solutions nationwide across numerous industries and property types. For more information about PacWest Bancorp, visit www.pacwestbancorp.com, or to learn more about Pacific Western Bank, visit www.pacificwesternbank.com.
Contact information:
Matt Wagner, President and CEO, (310) 728-1020
Vic Santoro, Executive Vice President and CFO, (310) 728-1021