Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Business Acquisitions, by Acquisition

The following assets acquired and liabilities assumed of the acquired entities are presented at estimated fair value as of their respective acquisition dates:



	Acquisition and Date Acquired
	Square 1 Financial, Inc.		CapitalSource Inc.		First California Financial Group
	October 6, 2015		April 7, 2014		May 31, 2013
	(In thousands)
Assets Acquired:
Cash and due from banks	$	24,867	$	768,553	$	6,124
Interest‑earning deposits in financial institutions	236,069		60,612		266,889
Investment securities available‑for‑sale	2,193,538		382,797		4,444
FHLB stock	2,787		46,060		9,518
Loans and leases	1,553,720		6,877,427		1,049,613
Equipment leased to others under operating leases	—		160,015		—
Premises and equipment	1,927		12,663		15,322
Foreclosed assets	—		6,382		13,772
FDIC loss sharing asset	—		—		17,241
Income tax assets	—		304,856		33,360
Goodwill	447,911		1,526,282		129,070
Core deposit and customer relationship intangibles	45,426		6,720		7,927
Other assets	106,757		582,985		27,576
Total assets acquired	$	4,613,002	$	10,735,352	$	1,580,856
Liabilities Assumed:
Noninterest‑bearing deposits	$	2,549,000	$	4,631	$	361,166
Interest‑bearing deposits	1,240,635		6,236,419		739,713
Other borrowings	—		992,109		—
Subordinated debentures	—		300,918		24,061
Discontinued operations	—		—		184,619
Accrued interest payable and other liabilities	25,934		124,087		19,729
Total liabilities assumed	$	3,815,569	$	7,658,164	$	1,329,288
Total consideration paid	$	797,433	$	3,077,188	$	251,568

Summary of consideration:
Cash paid	$	—	$	483,118	$	—
PacWest common stock issued	797,433		2,594,070		242,268
Cancellation of FCAL common stock owned by PacWest (at acquisition date fair value)	—		—		9,300
Total	$	797,433	$	3,077,188	$	251,568

Business Acquisition, Integration, Restructuring and Other Related Costs

The following table presents acquisition, integration and reorganization costs by major category for the years indicated:



	Year Ended December 31,
	2015		2014		2013
	(In thousands)
Acquisition, Integration and Reorganization Costs:
Severance and employee-related⁽¹⁾	$	10,550	$	57,868	$	21,497
System conversion and integration	4,246		1,868		3,829
Asset write-downs, lease terminations and other facilities-related	125		6,353		3,212
Asset financing segment reorganization	—		10,073		—
Investment banking deal costs	1,050		16,117		5,309
Other (legal, accounting, insurance, consulting)	5,276		8,737		6,965
Total acquisition, integration and reorganization costs	$	21,247	$	101,016	$	40,812

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(1)	Amount includes $26.1 million in 2014 and $12.4 million in 2013 for accelerated vesting of restricted stock awards.