September 21, 2015

Federal Reserve Board announces approval of proposal by PacWest Bancorp

For release at 3:30 p.m. EDT

The Federal Reserve Board on Monday announced its approval of a proposal by PacWest Bancorp, Los Angeles, California, to merge with Square 1 Financial, Inc., and thereby indirectly acquire its wholly owned subsidiary, Square 1 Bank, and the nonbank subsidiaries of Square 1 Financial, all of Durham, North Carolina, pursuant to sections 3 and 4 of the Bank Holding Company Act.

Attached is the Board's order relating to this action.

For media inquiries, call 202-452-2955.

Board Votes

Last Update: September 21, 2015