8-K

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

May 4, 2016

Date of Report (Date of Earliest Event Reported)

PACWEST BANCORP

(Exact Name of Registrant as Specified in Charter)

DELAWARE	001-36408	33-0885320
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

9701 Wilshire Blvd., Suite 700

Beverly Hills, California 90212

(Address of Principal Executive Offices)(Zip Code)

(310) 887- 8500

(Registrant’s 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 7.01Regulation FD Disclosure.*

Executive officers of PacWest Bancorp will make presentations to institutional investors at various meetings during the months of May and June. A copy of the presentation materials is attached as Exhibit 99.1 of this Form 8-K. The presentation will also be available on PacWest’s website at www.pacwestbancorp.com under the section entitled “Presentations”.

Item 9.01Financial Statements and Exhibits.*

(d)  Exhibits.

Exhibit No.	Description
99.1	Copy of presentation PacWest Bancorp intends to provide to institutional investors during the months of May and June.

*The information furnished under Item 7.01 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.

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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.

	PACWEST BANCORP
Date: May 4, 2016	By:	/s/ Lynn M. Hopkins
	Name:	Lynn M. Hopkins
	Title:	Executive Vice President

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EX-99.1

Exhibit 99.1

2016 First Quarter Results Investor Presentation

This communication contains certain “forward-looking statements” about PacWest Bancorp (the “Company”) and its subsidiaries within the meaning of the Private Securities Litigation Reform Act of 1995, including certain plans, strategies, goals, and projections and including statements about our expectations regarding our allowance for loan and lease losses, credit trends, deposit growth, profitability, capital management, plans to shift client investment funds managed by our Square 1 Asset Management, Inc. subsidiary to deposits on our balance sheet, operating expenses and acquisition of Square 1 Financial, Inc. (“Square 1”). All statements contained in this communication that are not clearly historical in nature are forward-looking, and the words “anticipate,” “assume,” “intend,” “believe,” “forecast,” “expect,” “estimate,” “plan,” “continue,” “will,” “should,” “look forward” and similar expressions are generally intended to identify forward-looking statements. All forward-looking statements (including statements regarding future financial and operating results and future transactions and their results) involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance or achievements. Actual results could differ materially from those contained or implied by such forward-looking statements for a variety of factors, including without limitation: higher than anticipated delinquencies, charge-offs and loan and lease losses; reduced demand for our services due to strategic or regulatory reasons; changes in economic or competitive market conditions could negatively impact investment or lending opportunities or product pricing and services; credit quality deterioration or pronounced and sustained reduction in market values or other economic factors which adversely affect our borrowers’ ability to repay loans and leases and required increased provision for loan and lease losses; compression of spreads on newly originated loans and leases; the impact of asset/liability repricing risk and liquidity risk on net interest margin and the value of investments; higher than anticipated increases in operating expenses; increased costs to manage and sell foreclosed assets; the need to retain capital for strategic or regulatory reasons; results of DFAST submissions; the inability of Pacific Western Bank to pay dividends; the Company’s ability to shift client investment funds managed by our Square 1 Asset Management, Inc. subsidiary to deposits on our balance sheet within expected time frames as a result of clients’ risk tolerance levels and liquidity preferences, interest rates, and applicable regulatory restrictions, including conflict of interest rules and regulations; increased litigation; increased asset workout or loan servicing expenses; higher compensation costs and professional fees to retain and/or incent employees; our ability to complete future acquisitions and to successfully integrate such acquired entities, including Square 1, or achieve expected benefits , synergies and/or operating efficiencies within expected timeframes; business disruption following the Square 1 acquisition; changes in our stock price; the reaction to the Square 1 acquisition of the Company’s customers, employees and counterparties; and other risk factors described in documents filed by the Company with the U.S. Securities and Exchange Commission (“SEC”). All forward-looking statements included in this communication are based on information available at the time of the communication. Pro forma, projected and estimated numbers are used for illustrative purposes only and are not forecasts, and actual results may differ materially. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise except as required by law. Forward-Looking Statements

Company Overview 4 First Quarter Highlights 8 Investment Securities 13 Loans and Leases 15 Credit Quality 23 Deposits 29 Net Interest Margin 32 Controlled Expenses 38 Acquisitions 41 Strong Franchise Value 44 Non-GAAP Measurements 48 Presentation Index

Company Overview

We are a commercial bank focused on core deposit growth paired with national lending and venture banking platforms NASDAQ traded (PACW) with a market capitalization of $4.9 billion (1) Average daily trading volume of 946,172 shares over the last year (1) Dividend: $2.00 per share, 4.97% yield (1) 5th largest publicly-traded bank headquartered in California with total assets of $21.0 billion, loans and leases of $14.5 billion and deposits of $15.4 billion at March 31, 2016 Profitable Growth – 1Q16 Highlights Net earnings of $90.5 million, ROAA of 1.72% and ROATE of 16.45% Industry leading tax equivalent NIM of 5.53% Loan and lease production of $842 million ($4.2 billion for full year 2015) Core deposit growth of $399 million $11.0 billion of core deposits with total cost of deposits of 23 basis points for 1Q16 NPAs at 1.06% of total loans and leases and foreclosed assets Efficiency ratio of 38.5% Experienced acquirer with 28 bank and finance company acquisitions since 2000 Analyst coverage: BMO Capital Markets, D.A. Davidson & Co., FIG Partners, FBR & Co., Keefe, Bruyette & Woods, Piper Jaffray, RBC Capital Markets, Sandler O’Neill & Partners, Stephens Inc., Wells Fargo Securities (1) As of April 21, 2016 Company Overview

Business Model Community Banking National Lending Venture Banking Pacific Western Bank Pacific Western Bank Brand Attractive branch network with 79 full service branches: 76 in Southern California 3 in San Francisco Bay area Offers a full suite of deposit products and services, including on-line banking Focused on business lending products, including commercial real estate Limited consumer loan offerings Borrower relationships generally include a deposit account Efficient deposit model with average branch size of $191 million CapitalSource Brand Diversified by loan and lease type, geography and industry Asset Based Lending Lender Finance & Timeshare, Equipment Financing, Healthcare & General ABL Cash Flow Lending Technology, Healthcare and Security Commercial Real Estate General, Multifamily, SBA, Healthcare and Construction Focus on small to middle market businesses Expertise in niche segments limits new competitors Borrower relationships may include deposit accounts and treasury services Square 1 Bank Brand Offices located in key innovative hubs across the United States Offers a comprehensive suite of financial services for venture-backed companies and their venture capital and private equity investors Five banking groups: Technology, Life Sciences, Venture Capital Services, Structured Finance, Specialty Finance Provides comprehensive treasury management solutions, including credit cards, and international-related products and services to clients Borrower relationships almost always include a deposit account Operates Square 1 Asset Management (registered investment advisor)

Source: SNL Financial and FactSet Research Systems; Market data as of 3/31/2016. Note: KBW Regional Bank Index (KRX) includes 50 institutions with a median market cap of $2.2 billion as of 7/24/2015; median weighted by market capitalization. Five Year Total Return

First Quarter Highlights

See “Non-GAAP Measurements” slides Adds back the unamortized discount on Non-PCI loans to the loan balance and the allowance for credit losses (see page 28 for calculation) First Quarter Highlights Robust Core Earnings Net earnings of $90.5 million EPS of $0.74 ROAA and ROATE of 1.72% and 16.45% Industry Leading Net Interest Margin Tax equivalent NIM: Reported: 5.53% Core: 5.10% (1) Low Efficiency Ratio Efficiency ratio of 38.5% Average branch size of $191 million in deposits Noninterest expense to average assets of 2.10% Profitable Deposit Base Total cost of deposits of 23 bps $399 million net core deposit growth Majority of core deposit growth from Square 1 Bank Division Loan and Lease Production and Credit Quality Loan and lease production of $842 million NPA to total assets ratio, excluding PCI loans, of 0.72% Non-PCI credit loss allowance of 0.96% and adjusted credit loss allowance of 1.50% (2) Non-PCI charge-off rate of 10 bps for trailing twelve months Strong Capital Levels Tangible common equity ratio of 11.87% (1) CET1 and total capital ratios of 12.63% and 15.96% Tangible book value per share of $18.33

See “Non-GAAP Measurements” slides. . Financial Highlights ? ($ in millions) 1Q16 4Q15 Q / Q Total Assets 21,031 $ 21,288 $ -1% Loans and Leases, net 14,484 $ 14,478 $ 0% Total Deposits 15,441 $ 15,666 $ -1% Core Deposits 10,970 $ 10,572 $ 4% Net Earnings 90.5 $ 71.8 $ 26% Earnings Per Share 0.74 $ 0.60 $ 23% ROAA 1.72% 1.37% 0.35 ROATE 16.45% 13.14% 3.31 Tangible Common Equity Ratio 11.87% 11.38% 0.49 Tangible Book Value Per Share 18.33 $ 17.86 $ 3% Core Net Interest Margin (TE) (1) 5.10% 5.10% 0.00 Efficiency Ratio 38.50% 39.30% -0.80

Solid Earnings Track Record $- $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 EPS Millions Net Earnings Diluted EPS ($ in millions, except EPS) 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 Net Earnings 71.0 $ 73.1 $ 85.1 $ 69.6 $ 71.8 $ 90.5 $ Diluted EPS 0.69 $ 0.71 $ 0.83 $ 0.68 $ 0.60 $ 0.74 $

Source: SNL Financial Note: 2015 & 2016 regulatory capital ratios calculated under Basel III CET1 ratio effective 1/1/2015 Solid Capital Position – 1Q16 12.14% 12.24% 12.20% 12.01% 12.10% 12.21% 11.38% 11.87% 8.61% 8.54% 8.39% 8.44% 8.59% 8.67% 8.54% 7.73% 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 TCE / TA PACW Median Banks $15-$25B 12.40% 12.17% 12.34% 11.74% 11.96% 12.04% 11.67% 11.51% 9.90% 9.61% 9.61% 9.42% 9.56% 9.29% 9.16% 8.89% 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 T1 Leverage PACW Median Banks $15-$25B 16.25% 16.24% 16.07% 15.80% 16.53% 16.32% 15.65% 15.96% 14.09% 14.30% 14.06% 13.62% 13.63% 13.44% 13.20% 12.80% 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 Total Capital PACW Median Banks $15-$25B 12.27% 12.87% 12.74% 12.58% 12.63% 10.93% 10.94% 10.75% 10.68% 10.42% 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 CET1 PACW Median Banks $15-$25B

Investment Securities

3.20% overall portfolio tax equivalent yield (2) (1) Fair value (2) Yield is for 1Q16 Investment Portfolio Average Life and Effective Duration Municipal Composition Diversified Investment Portfolio Collateralized Loan Obligations, $139.6mm, 4% Agency MBS, $653.9mm, 20% SBA Loan Pools, $202.7mm, 6% Agency CMOs, $443.7mm, 14% Private CMOs, $135.2mm, 4% Municipal Securities, $1,517.6mm, 47% Other, $147.9mm, 5% $3.2 Billion Total Portfolio (1) 5.6 6.0 6.1 6.0 6.1 4.5 4.7 4.8 5.0 4.6 0 1 2 3 4 5 6 7 8 3/31/2015 6/30/2015 9/30/2015 12/31/2015 3/31/2016 Years Average Life Effective Duration S&P Ratings % Total Issue Type % Total AAA 13% G.O. Limited 6% AA 84% G.O. Unlimited 48% A 2% Revenue 46% Other 1% 100% 100% Municipal Securities

Loans and Leases

Diversified Loan and Lease Portfolio ($ in millions) $ Mix $ Mix Lender Finance & Timeshare 1,641 $ 11% 1,262 $ 10% Equipment Finance 733 5% 914 7% Healthcare Asset Based 207 1% 170 1% Other Asset Based 741 5% 682 6% Total Asset Based 3,322 23% 3,028 25% Technology Cash Flow 993 7% 950 8% Healthcare Cash Flow 932 6% 806 7% Security Cash Flow 468 3% 445 5% General Cash Flow 492 3% 502 4% Total Cash Flow 2,885 20% 2,703 22% Commercial Real Estate 2,988 21% 3,365 27% Healthcare Real Estate 1,184 8% 1,093 9% Income Producing Residential 982 7% 750 2% Construction and Land 578 4% 335 3% Small Business 468 3% 393 3% Owner-Occupied Residential 168 1% 210 2% Total Real Estate 6,368 44% 6,146 50% Venture Capital 1,508 10% - - Other 400 3% 395 3% Total Loans (1) 14,483 $ 100% 12,272 $ 100% (1) Net of deferred fees and costs 3/31/2016 3/31/2015 Lender Finance & Timeshare Equipment Finance Healthcare Asset Based Other Asset Based Technology Cash Flow Healthcare Cash Flow Security Cash Flow General Cash Flow Commercial Real Estate Healthcare Real Estate Income Producing Residential Construction and Land Small Business Owner - Occupied Residential Venture Capital Other As of March 31, 2016

Diversified Loan and Lease Portfolio Healthcare, $1,184mm, 19% SBA, $468mm, 7% Hospitality, $690mm, 11% Retail, $540mm, 8% Multifamily, $880mm, 14% Office, $698mm, 11% Owner - occupied, $846mm, 13% Construction, $578mm, 9% Other, $484mm, 8% Real Estate ($6.4B) Technology, $993mm, 35% Healthcare, $932mm, 32% Security, $468mm, 16% General, $492mm, 17% Cash Flow ($2.8B) Cash Flow, $2,885mm, 20% Real Estate, $6,368mm, 44% Asset Based, $3,322mm, 23% Venture Capital, $1,508mm, 10% Other, $400mm, 3% Total Portfolio ($14.5B) Lender Finance & Timeshare, $1,641mm, 50% Equipment Finance, $733mm, 22% Healthcare, $207mm, 6% Other, $741mm, 22% Asset - Based ($3.4B) Later Stage, $287mm, 19% Expansion Stage, $654mm, 43% Venture Capital Services, $204mm, 14% Early Stage, $362mm, 24% Venture Capital ($1.5B)

Overview Our CapitalSource division has dedicated groups that work with private equity sponsor firms throughout the US to provide senior debt financing to mature and profitable companies (Cash Flow lending). All Cash Flow loans are senior debt obligations (other lenders may provide subordinate or mezzanine financing) Average loan size of approximately $20 million Approximately 50% of Cash Flow loans are Shared National Credits (see page 19) Since 2010, the principal focus of Cash Flow lending has been Healthcare, Technology, and Security Monitoring; lending to industries with high historical loss experience was either discontinued entirely (Media) or substantially reduced (General). General Cash Flow lending now focused on businesses that have substantial market shares, with barriers to entry, and are supported by proven equity sponsors. * Measured on a fully-funded basis at closing and shown as a % of commitments originated. Cash Flow Loan Portfolio Overview Repaid w/o Loss, $137mm Upgraded, $60mm Resolved w/ Loss, $25mm ($4.2mm Loss) Still Classified, $249mm Outcome or Status of Commitments that Became Classified $471 Million Became Classified, $471mm Non - classified, $4.9 Billion Leveraged Lending Commitments Originated 2010 - 2016 $5.4 Billion < 6x EBITDA, 74% ? 6x EBITDA, 26% Leveraged Lending Commitments Originated By Leverage Multiple* Non - classified, 93% Classified, 7% Total Cash Flow Portfolio By Risk Rating 2001-2009 2010-2015 2001-2009 2010-2015 Healthcare 12% 30% 2.5% 0.7% Technology 6% 41% 0.6% - Security 7% 13% - - General 65% 16% 7.2% - Media 10% - 13.3% - Total Cash Flow loans 100% 100% 6.4% 0.2% Originations Aggregate Loss %

SNC’s are not a line of business. SNC relationships are included in business line balances. SNCs are facilities greater than $20 million shared by three or more federally supervised financial institutions. Approximately 114 borrowers. Adhere to same credit underwriting standards as the rest of loan book. No energy-related loans. At March 31st, no loans on nonaccrual and $85 million (4%) adversely classified. Shared National Credit (SNC) Relationships Communications, $218mm, 9% Consumer Finance, $195mm, 9% Healthcare, $818mm, 36% Management Consulting, $96mm, 4% Manufacturing, $96mm, 4% Other, $189mm, 8% Security, $146mm, 6% Technology, $451mm, 20% Transportation, $97mm, 4% $2.3B of Loans at 3/31/2016

Loan and Lease Production of $842 Million in 1Q16 ($ in millions) Production Payoffs Net Change Yield on Production 1Q16 842 $ 665 $ 177 $ 5.29% 4Q15 1,404 910 494 5.29% 3Q15 1,071 630 441 5.16% 2Q15 659 890 (231) 5.89% 1Q15 1,038 637 401 5.76% $1,038 $659 $1,071 $1,404 $842 $637 $890 $630 $910 $665 4.0% 4.5% 5.0% 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% $0.0 $0.2 $0.4 $0.6 $0.8 $1.0 $1.2 $1.4 $1.6 Q1 Q2 Q3 Q4 Q1 2015 2016 Avg. Yield on Production Billions Production Payoffs Avg Production Avg Payoffs Yield on Production

Production by Industry / Loan Type ($ in millions) 1Q16 4Q15 3Q15 2Q15 Totals Healthcare Asset Based 5.3 $ 10.9 $ 2.7 $ 3.5 $ 22.4 $ Equipment Finance 80.2 106.6 83.6 74.7 345.1 Lender Finance and Timeshare 40.4 152.0 75.1 120.7 388.2 Other Asset Based 75.3 47.5 33.7 57.4 213.9 Asset Based 201.2 317.0 195.1 256.3 969.6 General Cash Flow 10.7 19.1 44.6 28.0 102.4 Technology Cash Flow 37.9 136.8 127.4 54.8 356.9 Healthcare Cash Flow 102.0 97.8 179.1 55.9 434.8 Security Cash Flow 20.9 0.1 36.8 33.1 90.9 Cash Flow 171.5 253.8 387.9 171.8 985.0 Commercial Real Estate 116.0 229.0 173.8 90.8 609.6 Multifamily and Residential 99.9 121.4 137.1 6.7 365.1 Construction and Land 79.7 158.3 33.3 24.3 295.6 Healthcare Real Estate 53.4 193.5 66.0 74.3 387.2 Small Business 7.4 38.4 11.4 18.8 76.0 Real Estate 356.4 740.6 421.6 214.9 1,733.5 Venture Capital 84.7 56.5 - - 141.2 Other 28.3 35.7 66.4 15.7 146.1 Total 842.1 $ 1,403.6 $ 1,071.0 $ 658.7 $ 3,975.4 $

Over $10.3 billion, or 71%, of the loan portfolio will reprice within the next 12 months given a 100bps upward shift in rates Impact of Rising Rates on the Loan and Lease Portfolio $698 million of fixed/hybrid loans mature/ reprice in next year which would reprice to higher rate or be reinvested in new loans at higher rate $9.6 billion of variable rate loans would be above floor rate and reprice upwards with a 100 bps rate increase $698 $740 $958 $1,323 1 Year 2 Years 3 Years > 3 Years Fixed/Hybrid Years to Maturity/Repricing ($ in Millions) $5,255 $4,357 $374 $837 Immediate 100 Bps 200 Bps ? 300 Bps Variable Loans Lift Off of Loan Floors ($ in Millions) Fixed, 21% Variable, 74% Hybrid, 5% Loan Portfolio by Repricing Type

Credit Quality

Classified loans and leases are those with a credit risk rating of substandard or doubtful Allowance for credit losses includes allowance for loan and lease losses and reserve for unfunded commitments Includes the remaining unamortized discount related to acquired loans (see page 28 for calculation) Non-PCI Credit Quality ($ in thousands) 1Q16 4Q15 3Q15 2Q15 Nonaccrual Loans and Leases $ 130,418 129,019 107,190 131,178 As a % of Loans and Leases % 0.91% 0.90% 0.87% 1.11% Nonperforming Assets $ 151,266 151,839 140,406 162,846 As a % of Total Assets % 0.72% 0.71% 0.84% 0.98% Classified Loans and Leases (1) $ 384,698 391,754 328,038 379,988 As a % of Loans and Leases % 2.68% 2.73% 2.67% 3.21% Credit Loss Provision $ 20,000 15,114 11,000 5,000 As a % of Average Loans and Leases % 0.14% 0.11% 0.09% 0.05% TTM Net Charge-offs $ 13,136 7,526 4,203 7,095 As a % of Average Loans and Leases % 0.10% 0.06% 0.04% 0.06% Allowance for Credit Losses (ACL) (2) $ 138,376 122,268 100,690 92,921 As a % of Loans and Leases % 0.96% 0.85% 0.82% 0.78% Adjusted ACL (3) $ 217,137 214,460 189,380 196,223 As a % of Adjusted Loans and Leases (3) % 1.50% 1.49% 1.53% 1.64% Adjusted ACL / Nonaccrual Loans and Leases % 166.50% 166.23% 176.68% 149.59%

Key Credit Trends 0.72% 0.78% 0.82% 0.85% 0.96% 1Q15 2Q15 3Q15 4Q15 1Q16 Non - PCI ACL / Non - PCI Loans 0.07% 0.06% 0.04% 0.06% 0.10% 1Q15 2Q15 3Q15 4Q15 1Q16 Trailing 12 Months Net Charge - Offs To Average Loans and Leases 1.16% 1.11% 0.87% 0.90% 0.91% 1Q15 2Q15 3Q15 4Q15 1Q16 Non - PCI Nonaccrual Loans / Non - PCI Loans 1.45% 1.37% 1.14% 1.06% 1.05% 1Q15 2Q15 3Q15 4Q15 1Q16 Non - PCI NPAs / Non - PCI Loans and Foreclosed Assets

Includes nonaccrual loans and leases to companies involved in the oil and gas industries of $45.5 million and $47.1 million at March 31, 2016 and December 31, 2015, respectively. At March 31, 2016, the Company’s ten largest Non-PCI loan relationships on nonaccrual status had an aggregate carrying value of $102 million and represented 78% of total Non-PCI nonaccrual loans and leases. The largest of these relationships had an aggregate carrying value of $39.9 million and the borrower’s business has been adversely affected by low oil prices. Non-PCI Nonaccrual Loan and Lease Detail % of Loan % of Loan 3/31/2016 12/31/2015 ($ in thousands) Balance Category Balance Category Balance Balance Real estate mortgage: Commercial 30,357 $ 0.7% 52,363 $ 1.2% 4,968 $ 1,498 $ Residential 5,807 0.5% 4,914 0.4% 730 3,174 Total real estate mortgage 36,164 0.6% 57,277 1.0% 5,698 4,672 Real estate construction and land: Commercial - - - - - - Residential 370 0.1% 372 0.2% - - Total R.E. construction and land 370 0.1% 372 0.1% - - Commercial: Cash flow 39,665 1.3% 15,800 0.5% 639 1,118 Asset-based 2,046 0.1% 2,505 0.1% - 1 Venture capital - - 124 - 9,554 250 Equipment finance (1) 51,247 7.0% 51,410 5.8% 1,870 360 Total commercial 92,958 1.2% 69,839 0.9% 12,063 1,729 Consumer 926 0.8% 1,531 1.3% 30 628 Total 130,418 $ 0.9% 129,019 $ 0.9% 17,791 $ 7,029 $ 3/31/2016 Nonaccrual Loans and Leases 12/31/2015 Accruing and 30 -89 Days Past Due

At March 31, 2016, we had 19 Non-PCI loan and lease relationships totaling $127.7 million to obligors associated with oil and gas industry support services representing less than 1% of total loans and leases. Substantially all these loans and leases are secured by equipment, such as drilling equipment and transportation vehicles, and are fully amortizing. At March 31, 2016, three relationships totaling $45.5 million were on nonaccrual status and were classified. Reserves related to our impaired oil and gas services industry exposure were 32% and reserves related to our total oil and gas services industry exposure were approximately 15% at March 31, 2016. Unfunded commitments related to the oil & gas portfolio total $20.3 million at March 31, 2016 and relate to two relationships governed with a borrowing base for A/R and inventory. Credit Exposure to the Oil & Gas Industry Obligors Amount % of Total Nonperforming 3 45,495 $ 36% (1) Large, rated companies 2 47,739 37% (2) All others 14 34,424 27% (3) Total oil & gas support services 19 127,658 $ 100% Comment: (1) Includes one relationship of $39.9 million (2) Borrowing entity or obligor contractual counterparty rated BB+ or higher (3) Average relationship balance of approximately $2.5 million March 31, 2016

GAAP Accounting distorts the ACL ratio. When unamortized purchase discount is added back, the adjusted Non-PCI coverage ratio is 1.50%. Unamortized purchase discount represents the acquisition date fair value adjustment based on market, liquidity and interest rate risk in addition to credit risk and is being accreted to interest income over the remaining life of the respective loans. Such discount relates to acquired loans and is assigned specifically to those loans only. Use of the interest method results in steadily declining amounts being taken to income in each reporting period. The remaining discount of $78.8 million at March 31, 2016 is expected to be substantially accreted to income by the end of 2018. Allowance for Non-PCI Credit Losses - Adjusted ($ in millions) 1Q16 4Q15 3Q15 Loan balance - Non-PCI 14,366 $ 14,339 $ 12,300 $ Allowance for credit losses (ACL) 138 $ 122 $ 101 $ Reported Non-PCI ACL Ratio 0.96% 0.85% 0.82% Allowance Ratio Adjusted to Add Back Unamortized Purchase Discount Loan balance - Non-PCI 14,366 $ 14,339 $ 12,300 $ Add: Unamortized purchase discount (1) 79 92 89 Adjusted loan balance 14,445 $ 14,431 $ 12,389 $ Allowance for credit losses 138 $ 122 $ 101 $ Add: Unamortized purchase discount (1) 79 92 89 Adjusted allowance for credit losses 217 $ 214 $ 190 $ Adjusted Non-PCI credit risk coverage ratio 1.50% 1.49% 1.53% Allowance Ratio for Originated Non-PCI Loans Originated Non-PCI loans 8,897 $ 8,308 $ 7,119 $ Allowance for loan and lease losses (ALLL) 91 $ 90 $ 80 $ ALLL ratio 1.02% 1.09% 1.13%

Deposits

Does not include $1.3 billion of client investment funds held at March 31, 2016. Deposit Detail Core: 71% Core: 52% ($ in millions) Deposit Category Amount % of Total Amount % of Total Noninterest-bearing demand deposits 6,140 $ 40% 3,029 $ 25% Interest checking deposits 921 6% 739 6% Money market deposits 3,145 20% 1,682 14% Savings deposits 764 5% 747 6% Total core deposits 10,970 71% 6,197 52% Brokered non-maturity deposits 986 6% 156 1% Total non-maturity deposits 11,956 77% 6,353 53% Time deposits under $100,000 1,357 9% 2,562 21% Time deposits of $100,000 and over 2,128 14% 3,019 25% Total time deposits 3,485 23% 5,581 47% Total deposits (1) 15,441 $ 100% 11,934 $ 100% March 31, 2016 March 31, 2015 Noninterest - bearing demand deposits Interest checking deposits Money market deposits Savings deposits Brokered non - maturity deposits Time deposits under $100,000 Time deposits of $100,000 and over March 31, 2016 Noninterest - bearing demand deposits Interest checking deposits Money market deposits Savings deposits Brokered non - maturity deposits Time deposits under $100,000 Time deposits of $100,000 and over March 31, 2015

Deposit Portfolio Includes brokered deposits of $130 million with a weighted average maturity of 8 months and a weighted average cost of 0.54%. ($ in millions) Time Deposits Time Deposits Total Under $100,000 Time Contractual Time Deposit Maturities $100,000 Or More Deposits Rate Due in three months or less 481 $ 887 $ 1,368 $ 0.69% Due in over three months through six months 483 727 1,210 0.57% Due in over six months through twelve months 283 390 673 0.51% Due in over 12 months through 24 months 89 91 180 0.59% Due in over 24 months 22 32 54 0.93% Total 1,358 $ (1) 2,127 $ 3,485 $ 0.61% March 31, 2016 $11.9 $12.6 $12.1 $15.7 $15.4 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.0 3.0 6.0 9.0 12.0 15.0 18.0 1Q15 2Q15 3Q15 4Q15 1Q16 Cost Balance ($ in Billions) Core Deposits Non-Core Deposits Cost of Interest-Bearing Deposits Cost of Total Deposits

Net Interest Margin

(1) See “Non-GAAP Measurements” slides Source: SNL Financial (1) Industry Leading Tax-Equivalent (TE) Net Interest Margin

Effect of Purchase Accounting on NIM ($ in millions) Impact on Impact on Amount NIM Amount NIM 249.6 $ 5.53% 234.0 $ 5.22% Less: - Accelerated accretion of acquisition discounts from early payoffs of acquired loans (19.5) (0.43%) (5.5) (0.12%) - Remaining accretion of Non-PCI loan acquisition discounts (8.4) (0.19%) (10.6) (0.24%) - Amortization of TruPS discount 1.4 0.03% 1.4 0.03% - Accretion of time deposits premium (0.3) (0.01%) (0.4) (0.01%) (26.8) (0.60%) (15.1) (0.34%) 222.8 $ 4.93% 218.9 $ 4.88% Net interest income/NIM as reported (TE) Net interest income/NIM (TE) - excluding purchase accounting March 31, 2016 December 31, 2015 Three Months Ended Three Months Ended

(1) See “Non-GAAP Measurements” slides Source: SNL Financial Higher Loan Yields From Disciplined & Diversified Lending Core Loan Yield(1) Excludes Accelerated Discount Accretion from Early Payoffs of Acquired Loans 7.07% 6.73% 6.90% 6.77% 7.42% 7.34% 6.68% 6.76% 6.80% 6.75% 6.34% 6.21% 6.57% 6.99% 6.71% 6.67% 6.64% 6.68% 6.76% 6.52% 6.37% 6.22% 6.11% 6.02% 6.05% 6.03% 4.92% 4.86% 4.75% 4.64% 4.49% 4.47% 4.42% 4.36% 4.23% 4.21% 4.19% 4.18% 4.20% 3.50% 4.00% 4.50% 5.00% 5.50% 6.00% 6.50% 7.00% 7.50% 8.00% Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Reported Loan Yield - PACW Core Loan Yield - PACW Loan Yield - Banks $15-$25B

Source: SNL Financial Deposit Franchise with a 23 Basis Point Cost

Asset Sensitive Balance Sheet Benefits From Rising Rates 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% Base Up 100 Up 200 Up 300 PacWest Bancorp IRR Model Results - % Change in NII - Year 1 Static Balance Sheet - March 31, 2016 Sudden Parallel Shocks PACW

Controlled Expenses

Source: SNL Financial Efficiency Ratio Trend

(1) Source: SNL Financial Focus and Execution Drive Efficiency 43.9% 54.2% 57.2% 55.0% 54.0% 56.4% 60.7% 41.6% 38.5% 38.5% 2007 2008 2009 2010 2011 2012 2013 2014 2015 1Q16 Efficiency Ratio (1) $54 $56 $60 $57 $60 $70 $72 $147 $193 $191 2007 2008 2009 2010 2011 2012 2013 2014 2015 1Q16 Average Branch Size ($ - M)

Acquisitions

Acquisition Strategy In-Market Consolidation Market Expansion Asset Generation Capability Strong Core Deposit Base Sound Strategic Focus Key Drivers of Accretion Cost Savings Customer Retention Margin Improvement

Westlake Village, CA Los Angeles, CA Durham, NC Chevy Chase, MD Chicago, IL St. Louis, MO Denver, CO New York, NY Boston, MA Minneapolis, MN Austin, TX San Diego, CA Campbell, CA Menlo Park, CA San Francisco, CA Seattle, WA Atlanta, GA Market Expansion Through Acquisitions FCAL CapitalSource Square 1 2013 Acquired First California Financial Group, Inc. (FCAL) Assets added: $1.6 Billion 2014 Merged with CapitalSource Inc. Assets added: $10.7 Billion 2015 Acquired Square 1 Financial, Inc. Assets added: $4.6 Billion

Strong Franchise Value

Attractive Footprint in Southern California

Source: SNL Financial California Public Banks and Thrifts Rank Company Name Ticker Assets ($000) 1 Wells Fargo & Company WFC 1,849,182,000 $ 2 First Republic Bank FRC 62,102,510 $ 3 SVB Financial Group SIVB 43,573,902 $ 4 East West Bancorp, Inc. EWBC 33,109,169 $ 5 PacWest Bancorp PACW 21,031,009 $ 6 Cathay General Bancorp CATY 13,262,019 $ 7 Banc of California, Inc. BANC 9,616,972 $ 8 BBCN Bancorp, Inc. BBCN 8,068,305 $ 9 CVB Financial Corp. CVBF 7,920,836 $ 10 BofI Holding, Inc. BOFI 7,705,622 $ 11 Opus Bank OPB 6,930,464 $ 12 Farmers & Merchants Bank of Long Beach FMBL 6,220,649 $ 13 Westamerica Bancorporation WABC 5,199,868 $ 14 Wilshire Bancorp, Inc. WIBC 4,720,401 $ 15 TriCo Bancshares TCBK 4,394,956 $ 16 Hanmi Financial Corporation HAFC 4,310,748 $ 17 Community Bank CYHT 3,653,260 $ 18 Mechanics Bank MCHB 3,573,104 $ 19 Pacific Premier Bancorp, Inc. PPBI 3,563,085 $ 20 Grandpoint Capital Inc. GPNC 3,242,077 $ 21 CU Bancorp CUNB 2,739,533 $ 22 First Foundation, Inc. FFWM 2,690,173 $ 23 Preferred Bank PFBC 2,683,350 $ 24 1867 Western Financial Corporation WFCL 2,615,778 $ 25 Farmers & Merchants Bancorp FMCB 2,615,653 $ 26 Heritage Commerce Corp HTBK 2,327,333 $ 27 Exchange Bank EXSR 2,047,197 $ 28 Bank of Marin Bancorp BMRC 1,943,602 $ 29 Heritage Oaks Bancorp HEOP 1,913,120 $ 30 California Republic Bancorp CRPB 1,767,877 $ As of March 31, 2016

(1) No actions expected prior to initial DFAST submission in July 2016. Key Initiatives – 2016 Core systems upgrade conversion to FIS Square 1 Bank systems integration Active management of excess capital (1) Focus on credit portfolio risks in light of economic conditions Improved functionality for clients Increased core deposits and fee-based services Controlled operating expenses Sustained profitability and shareholder value

The Company uses certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company’s operational performance and to enhance investors’ overall understanding of such financial performance. These non-GAAP financial measures are presented for supplemental informational purposes only for understanding the Company’s operating results and should not be considered a substitute for financial information presented in accordance with GAAP. These non-GAAP financial measures presented by the Company may be different from non-GAAP financial measures used by other companies. The tables on the following slides present reconciliations of non-GAAP financial measurements to the GAAP financial measurements and certain key performance ratios. Non-GAAP Measurements

Tangible Common Equity ($ in thousands) March 31, December 31, September 30, June 30, March 31, Tangible Common Equity Ratio 2016 2015 2015 2015 2015 PacWest Bancorp Consolidated: Stockholders' equity 4,456,592 $ 4,397,691 $ 3,581,704 $ 3,551,490 $ 3,533,361 $ Less: Intangible assets 2,223,928 2,229,511 1,741,084 1,742,581 1,744,083 Tangible common equity 2,232,664 $ 2,168,180 $ 1,840,620 $ 1,808,909 $ 1,789,278 $ Total assets 21,031,009 $ 21,288,490 $ 16,814,105 $ 16,697,020 $ 16,643,940 $ Less: Intangible assets 2,223,928 2,229,511 1,741,084 1,742,581 1,744,083 Tangible assets 18,807,081 $ 19,058,979 $ 15,073,021 $ 14,954,439 $ 14,899,857 $ Equity to assets ratio 21.19% 20.66% 21.30% 21.27% 21.23% Tangible common equity ratio (1) 11.87% 11.38% 12.21% 12.10% 12.01% Book value per share 36.60 $ 36.22 $ 34.76 $ 34.46 $ 34.29 $ Tangible book value per share (2) 18.33 $ 17.86 $ 17.86 $ 17.55 $ 17.36 $ Shares outstanding 121,771,252 121,413,727 103,053,694 103,051,989 103,044,257 Pacific Western Bank: Stockholders' equity 4,331,841 $ 4,276,279 $ 3,466,817 $ 3,440,715 $ 3,410,276 $ Less: Intangible assets 2,223,928 2,229,511 1,741,084 1,742,581 1,744,083 Tangible common equity 2,107,913 $ 2,046,768 $ 1,725,733 $ 1,698,134 $ 1,666,193 $ Total assets 20,928,105 $ 21,180,689 $ 16,707,072 $ 16,555,610 $ 16,458,591 $ Less: Intangible assets 2,223,928 2,229,511 1,741,084 1,742,581 1,744,083 Tangible assets 18,704,177 $ 18,951,178 $ 14,965,988 $ 14,813,029 $ 14,714,508 $ Equity to assets ratio 20.70% 20.19% 20.75% 20.78% 20.72% Tangible common equity ratio (1) 11.27% 10.80% 11.53% 11.46% 11.32% (1) Tangible common equity divided by tangible assets (2) Tangible common equity divided by shares outstanding

Core Net Interest Margin and Loan and Lease Yield March 31, 2016 December 31, 2015 September 30, 2015 June 30, 2015 March 31, 2015 Reported net interest margin (TE) 5.53% 5.22% 5.46% 5.89% 5.95% Less: Accelerated accretion of acquisition discounts from early payoffs of acquired loans (0.43)% (0.12)% (0.27)% (0.56)% (0.51)% Core net interest margin (TE) 5.10% 5.10% 5.19% 5.33% 5.44% March 31, 2016 December 31, 2015 September 30, 2015 June 30, 2015 March 31, 2015 Reported loan and lease yield 6.57% 6.21% 6.34% 6.75% 6.80% Less: Accelerated accretion of acquisition discounts from early payoffs of acquired loans (0.54)% (0.16)% (0.32)% (0.64)% (0.58)% Core loan and lease yield 6.03% 6.05% 6.02% 6.11% 6.22% Three Months Ended Three Months Ended

Net Interest Margin Excluding Purchase Accounting March 31, 2016 December 31, 2015 September 30, 2015 June 30, 2015 March 31, 2015 Reported net interest margin (tax equivalent) 5.53% 5.22% 5.46% 5.89% 5.95% Less: Accelerated accretion of acquisition discounts from early payoffs of acquired loans (0.43)% (0.12)% (0.27)% (0.56)% (0.51)% Core net interest margin 5.10% 5.10% 5.19% 5.33% 5.44% Less: Remaining accretion of Non-PCI loan acquisition discounts (0.19)% (0.24)% (0.21)% (0.25)% (0.33)% Amortization of TruPS discount 0.03% 0.03% 0.04% 0.04% 0.04% Accretion of time deposit premium (0.01)% (0.01)% (0.02)% (0.02)% (0.04)% Net interest margin - excluding purchase accounting 4.93% 4.88% 5.00% 5.10% 5.11% Three Months Ended