PacWest Bancorp Announces Quarterly Dividend

November 4, 2009

- $0.01 per share cash dividend payable on November 30, 2009 to stockholders of record on November 16, 2009 -

SAN DIEGO, Nov. 4 /PRNewswire-FirstCall/ -- The Board of Directors of PacWest Bancorp (Nasdaq: PACW) declared today a quarterly cash dividend of $0.01 per common share. The cash dividend is payable on November 30, 2009 to stockholders of record at the close of business on November 16, 2009.

ABOUT PACWEST BANCORP

PacWest Bancorp is a bank holding company with $5.5 billion in assets as of September 30, 2009, with one wholly-owned banking subsidiary, Pacific Western Bank. Through 69 full-service community banking branches, including 10 branches of the former Affinity Bank, Pacific Western provides commercial banking services, including real estate, construction and commercial loans, to small and medium-sized businesses. Pacific Western's branches are located in Los Angeles, Orange, Riverside, San Bernardino and San Diego Counties. Former Affinity Bank branches are also located in San Mateo, San Francisco and Ventura Counties. Through its subsidiary BFI Business Finance and its division First Community Financial, Pacific Western also provides working capital financing to growing companies located throughout the Southwest, primarily in the states of Arizona, California and Texas. Additional information regarding PacWest Bancorp is available on the Internet at www.pacwestbancorp.com. Information regarding Pacific Western Bank is also available on the Internet at www.pacificwesternbank.com.

    Contact:   Matthew P. Wagner               Victor R. Santoro
               Chief Executive Officer         Executive Vice President and
               10250 Constellation Boulevard   Chief Financial Officer
               Suite 1640                      10250 Constellation Boulevard
               Los Angeles, CA 90067           Suite 1640
                                               Los Angeles, CA 90067
    Phone:     310-728-1020                    310-728-1021
    Fax:       310-201-0498                    310-201-0498

SOURCE PacWest Bancorp