Release Date: April 1, 2014
For immediate release
The Federal Reserve Board on Tuesday announced its approval of the notice under section 4 of the Bank Holding Company Act by PacWest Bancorp, Los Angeles, California, CapGen Capital Group II LP and CapGen Capital Group II LLC, both of New York, New York, to acquire CapitalSource Inc. and thereby indirectly acquire CapitalSource Bank, both of Los Angeles.
Attached is the Board's Order relating to this action.
For media inquiries, call 202-452-2955.Board Votes