Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following assets acquired and liabilities assumed of CUB are presented at estimated fair value as of the acquisition date:

	October 20, 2017
	(In thousands)
Assets Acquired:
Cash and due from banks	$	51,857
Interest‑earning deposits in financial institutions	332,799
Total cash and cash equivalents	384,656
Securities available‑for‑sale	446,980
FHLB stock	11,902
Loans and leases	2,075,890
Premises and equipment	2,981
Goodwill	374,721
Core deposit and customer relationship intangibles	57,500
Other assets	103,498
Total assets acquired	$	3,458,128
Liabilities Assumed:
Noninterest‑bearing deposits	$	1,510,285
Interest‑bearing deposits	1,209,597
Total deposits	2,719,882
Borrowings	22,879
Subordinated debentures	12,372
Accrued interest payable and other liabilities	32,424
Total liabilities assumed	$	2,787,557
Total consideration paid	$	670,571
Summary of consideration:
Cash paid	$	224,338
PacWest common stock issued	446,233
Total	$	670,571