Exhibit 99.1

PRESS RELEASE

PacWest Bancorp

(NASDAQ: PACW)

PACWEST BANCORP ANNOUNCES RESULTS

FOR THE FOURTH QUARTER OF 2012 AND CALENDAR YEAR 2012

Fourth Quarter of 2012 Highlights

·                  Net Earnings of $19.9 Million or $0.54 Per Diluted Share

·                  Return on Average Assets  and Equity of 1.44% and 13.51%

·                  Net Interest Margin at 5.49%

·                  Credit Loss Reserve at 2.37% of Net Non-Covered Loans and Leases and 184% of Non-Covered Nonaccrual Loans and Leases

·                  Noninterest-Bearing Deposits at 41% and Core Deposits at 83% of Total Deposits

Calendar Year 2012 Highlights

·                  Net Earnings of $56.8 Million or $1.54 Per Diluted Share

·                  Return on Average Assets and Equity of 1.04% and 10.01%

·                  Core Deposit Growth of $212.4 Million

Los Angeles, California . . . PacWest Bancorp (Nasdaq: PACW) today announced net earnings for the fourth quarter of 2012 of $19.9 million, or $0.54 per diluted share, compared to net earnings for the third quarter of 2012 of $16.1 million, or $0.43 per diluted share and net earnings of $56.8 million for calendar year 2012, or $1.54 per diluted share, compared to $50.7 million, or $1.37 per diluted share, for calendar year 2011.

This press release contains certain non-GAAP financial disclosures for tangible common equity; pre-tax earnings before net credit costs, securities gains and losses, acquisition and integration costs, and debt termination expense, which we refer to as “adjusted earnings before income taxes”; and efficiency ratios adjusted to exclude FDIC loss sharing income, securities gains and losses, OREO expenses, acquisition and integration costs, and debt termination expense.  The

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Company uses certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company’s operational performance and to enhance investors’ overall understanding of such financial performance.  Given the use of tangible common equity amounts and ratios is prevalent among banking regulators, investors and analysts, we disclose our tangible common equity ratio in addition to equity-to-assets ratio.  Also, as analysts and investors view adjusted earnings before income taxes as an indicator of the Company’s ability to absorb credit losses, we disclose this amount in addition to pre-tax earnings.  We disclose the adjusted efficiency ratio as it shows the trend in recurring overhead-related noninterest expense relative to recurring net revenues. Please refer to the tables at the end of this release for a presentation of performance ratios in accordance with GAAP and a reconciliation of the non-GAAP financial measures to the GAAP financial measures.

The comparability of financial information is affected by our acquisitions.  Operating results include the operations of acquired entities from the dates of acquisition.  The operations of American Perspective Bank (“APB”), Celtic Capital Corporation (“Celtic”) and Pacific Western Equipment Finance (“EQF”) have been included since their respective acquisition dates of August 1, 2012, April 3, 2012, and January 3, 2012.

FOURTH QUARTER RESULTS

(1)  Represents pre-tax earnings excluding net credit costs, securities gains and losses, and acquisition and integration costs.

See GAAP to Non-GAAP Reconciliation table.

(2)  Excludes FDIC loss sharing income, securities gains and losses, OREO expenses, and acquisition and integration costs.

See GAAP to Non-GAAP Reconciliation table.

(3) Non-covered loans exclude loans covered by loss sharing agreements with the FDIC.

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The most significant items causing the $3.8 million quarter-over-quarter increase in net earnings were: (a) the $1.7 million decline in after-tax net credit costs (provisions, loss sharing expense and OREO expense for both covered and non-covered portfolios); (b) the fourth quarter after-tax gain on sale of securities of $719,000; (c) the $644,000 increase in after-tax gain on sale of leases; (d) the $585,000 decline in after-tax acquisition and integration costs; and (e) after excluding OREO and acquisition and integration costs, the $467,000 after-tax decline in noninterest expenses attributed mostly to the cost savings realized from the third quarter branch sale.

Net credit costs on a pre-tax basis are shown in the following table:

The provision for credit losses for the fourth quarter had two components: no provision for non-covered loans and leases and a $4.3 million negative provision for covered loans. The fourth quarter non-covered provision for credit losses of zero was based on our allowance methodology which considers the level and trends of net charge-offs, nonaccrual and classified loans and leases, and the migration of loans and leases into various risk classifications.    The covered loans negative credit loss provision was driven by increases in expected cash flows on covered loan pools compared to those previously estimated and cash recoveries.

Matt Wagner, Chief Executive Officer, commented, “We had an exceptional fourth quarter and year.  Our fourth quarter earnings of $19.9 million contributed to our solid capital base.  Credit quality continues to improve, and our reserve coverage ratios are strong.  Although we resisted competing for term real estate loans at low rates and long durations, we had $28.3 million of solid growth in our C&I and lease portfolios during the fourth quarter.”

Mr. Wagner continued, “In 2012 we made great strides.  We completed the acquisitions of Pacific Western Equipment Finance, Celtic Capital Corporation and American Perspective Bank.  These three acquisitions contributed $3.7 million to fourth quarter net earnings and $9.7 million to calendar 2012 net earnings.  We increased our quarterly dividend to $0.25 per share resulting in a current dividend yield of 3.90%.  And in November, we announced the pending acquisition of First California Financial Group.  Although our priority in 2013 will be the completion of the First California merger and integration of its operations, we will continue to focus on improving profitability, making and or renewing quality and profitable loans with good customers, and building new relationships.”

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Vic Santoro, Executive Vice President and Chief Financial Officer, stated, “Our overall profitability derives from our net interest margin and expense control. The NIMs we posted during 2012, including the fourth quarter NIM of 5.49%, have been driven by our finance company acquisitions, accelerated accretion on covered loans, the debt repayments we made in the first quarter, and successful efforts to manage deposit costs.  We enhanced our profitability through cost management, with the most recent action being the third quarter branch sale, which resulted in fourth quarter cost savings of $1.5 million.  Our ability to sustain earnings, which on an adjusted basis were $33.9 million for the fourth quarter, along with our $589 million capital base allows us to take advantage of growth opportunities as they arise.”

YEAR TO DATE RESULTS

(1)    Represents pre-tax earnings excluding net credit costs, securities gains and losses, acquisition and integration costs, and debt termination expense.  See GAAP to Non-GAAP Reconciliation table.

(2)    Excludes FDIC loss sharing income, securities gains and losses, OREO expenses, acquisition and integration costs, and debt termination expense.  See GAAP to Non-GAAP Reconciliation table.

Net earnings for 2012 were $56.8 million, an increase of $6.1 million compared to 2011.  The drivers of improved profitability in 2012 include: higher net interest income from lower funding costs ($8.0 million after tax) and lower net credit costs (provisions, loss sharing expense and OREO expense for both covered and non-covered portfolios) from improved credit quality ($12.3 million after tax).  These items were offset by the 2012 debt termination expense ($13.1 million after tax) and higher noninterest expense in 2012 from acquisition activity ($5.1 million after tax).

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Highlights are as follows:

·                  Higher net interest income of $13.8 million ($8.0 million after-tax) is attributed mostly to a decrease in interest expense from both lower volume and rate of interest-bearing liabilities.

·                  Lower provision for credit losses of $39.4 million ($22.8 million after tax); the provision on non-covered loans is lower by $25.3 million ($14.7 million after tax) and the provision on covered loans is lower by $14.1 million ($8.1 million after tax).  These declines are due to improving credit quality.

·                  Other credit related costs and loss sharing contract activities reduced net earnings by $19.2 million ($11.1 million after tax); this amount includes lower net FDIC loss sharing income of $17.8 million ($10.4 million after tax), higher net covered OREO expense of $3.1 million ($1.8 million after tax), the $1.1 million ($647,000 after tax) other-than-temporary impairment (OTTI) loss on a covered security, and lower non-covered OREO expense of $2.8 million ($1.7 million after tax).

·                  Noninterest income includes $2.8 million ($1.6 million after tax) related to gain on sale of leases, $1.2 million ($719,000 after tax) related to gain on sales of securities, and the $297,000 ($172,000 after tax) gain on sale of branches; there were no such items in 2011.

·                  $22.6 million ($13.1 million after tax) of debt termination expense incurred in the first quarter of 2012 on the repayment of $225 million in fixed-rate term FHLB advances and the early redemption of $18.6 million in trust-preferred securities; there was no such item in 2011.

·                  Higher acquisition and integration costs of $3.5 million ($2.0 million after tax) related to the Company’s three acquisitions completed in 2012 and the proposed acquisition of First California Financial Group announced on November 6, 2012.

·                  Excluding debt termination costs, OREO costs, and acquisition and integration costs, noninterest expense increased $5.3 million ($3.1 million after tax) attributed mostly to higher compensation and overhead costs for the acquired operations; these increases were offset by lower insurance assessments, lower CDI amortization expense, and lower other professional services expense.

BALANCE SHEET CHANGES

At December 31, 2012, gross non-covered loans and leases totaled $3.0 billion and the covered loan portfolio was $517.3 million.  The gross non-covered loan and lease portfolio decreased $3.6 million for the quarter, net of a $28.3 million increase in leases and commercial loans.  During the fourth quarter, our regional presidents reported that loans having balances of $1.0 million or more refinanced by other lenders totaled approximately $57 million. We chose not to compete on these refinancings because of the low rates and long durations offered by the other lenders.  The covered loan portfolio declined $50.1 million due to repayments and resolution activities.

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The following table presents the changes in non-covered gross loans and leases for the periods indicated:

Total liabilities declined $79.9 million during the fourth quarter due to lower total deposits.  Total deposits decreased $78.2 million during the fourth quarter to $4.7 billion at December 31, 2012.  Core deposits declined $36.2 million during the fourth quarter due mostly to a decrease of $67.8 million in noninterest-bearing demand deposits, offset by increases of $20.1 million and $13.7 million in money market deposits and interest checking deposits.  Time deposits declined $42.0 million during the fourth quarter to $820.3 million at December 31, 2012. At December 31, 2012, core deposits totaled $3.9 billion, or 83% of total deposits at that date.  Noninterest-bearing demand deposits were $1.9 billion at December 31, 2012 and represented 41% of total deposits at that date.

The following table presents the changes in deposits for the periods indicated:

(1) Includes a $120 million deposit received at the end of the third quarter of 2012 and withdrawn in October 2012.

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SECURITIES AVAILABLE-FOR-SALE

The following table presents the components, yields, and durations of our securities available-for-sale as of the date indicated:

(1) The tax equivalent yield was 4.29% and 2.73% for municipal securities and total securities available-for-sale, respectively.

COVERED ASSETS

As part of the Los Padres and Affinity acquisitions we entered into loss sharing agreements with the FDIC that cover a substantial portion of losses incurred after the acquisition dates on covered loans and other real estate owned, and in the case of the Affinity acquisition, certain investment securities. A summary of covered assets is shown in the following table as of the dates indicated:

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NET INTEREST INCOME

Net interest income declined by $1.2 million to $69.6 million for the fourth quarter of 2012 compared to $70.8 million for the third quarter of 2012 due primarily to a decrease in interest income on loans and leases.  The $1.3 million decline in interest income on loans and leases was due to lower early lease repayments and lower volume of nonaccrual loans returning to accrual status.  Interest expense declined by $253,000 due mostly to lower rates on money market deposits and lower average time deposits.

Net interest income increased by $13.8 million to $276.5 million during 2012 compared to 2011.  This change was due primarily to a $13.0 million decrease in interest expense and an $872,000 increase in interest on investment securities.   Interest expense on deposits decreased $7.4 million due to lower rates on all interest-bearing deposits and lower average time deposits.  Interest expense on borrowings declined $4.4 million due to lower average borrowings and a lower average rate on such borrowings; we repaid fixed-rate term FHLB advances at the end of the first quarter of 2012 and replaced a portion of those advances with lower cost overnight FHLB advances that were repaid during the third quarter.  Interest expense on subordinated debentures decreased $1.2 million due to the March 2012 redemption of $18.6 million in fixed-rate trust preferred securities.  Interest income on investment securities increased $872,000 due to portfolio purchases.

NET INTEREST MARGIN

Our net interest margin (“NIM”) for the fourth quarter of 2012 was 5.49%, a decrease of nine basis points from the 5.58% reported for the third quarter of 2012.

The NIM is impacted by several items that cause volatility from period to period.  The effects of such items on the NIM are shown in the following table for the periods indicated:

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The following table presents the loan yields and related average balances for our non-covered loans, covered loans, and total loan portfolio for the periods indicated:

The loan yield is impacted by the same items which cause volatility in the NIM.  The following table presents the effects of these items on the total loan yield for the periods indicated:

The yield on average loans and leases decreased 14 basis points to 7.30% for the fourth quarter of 2012 from 7.44% for the third quarter of 2012.  This was due mainly to lower lease interest income from the decline in early lease payoffs.  Total income from early lease payoffs was $466,000 in the fourth quarter and $1.9 million in the third quarter.  Income from early lease payoffs for 2012 was $2.4 million.  Accelerated accretion of acquisition discounts from covered loan payoffs totaled approximately $1.5 million in the fourth and third quarters increasing the loan yields each by 16 basis points.

The cost of total interest-bearing liabilities declined three basis points to 0.56% for the fourth quarter of 2012.  All-in deposit cost declined 2 basis points to 0.25% during the fourth quarter of 2012 from 0.27% for the third quarter of 2012.  Such declines are due to lower rates on average money market and time deposits.

The NIM for the year ended December 31, 2012 was 5.52%, an increase of 26 basis points from 5.26% for last year.  The increase was due to lower funding costs and a higher yield on loans and leases, offset by lower average loans and a lower return on the securities portfolio.

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The yield on average loans and leases increased 40 basis points to 7.33% for the year ended December 31, 2012 compared to 6.93% for last year, due mainly to the addition of Celtic’s and EQF’s higher-yielding loan and lease portfolios.  All-in deposit cost declined 16 basis points to 0.29% for 2012 compared to last year.  The cost of interest-bearing deposits declined 22 basis points to 0.48% due to lower rates on all interest-bearing deposits and a shift in the deposit mix to lower cost interest-bearing checking, money market and savings deposits from higher cost time deposits.  The cost of total interest-bearing liabilities declined 33 basis points to 0.66% due to the reduction in the cost of interest-bearing deposits and the first quarter of 2012 repayment of $225.0 million in fixed-rate term FHLB advances and the redemption of $18.6 million in fixed-rate trust preferred securities.

NONINTEREST INCOME

Noninterest income decreased by $3.6 million to $2.1 million for the fourth quarter of 2012 compared to $5.7 million for the third quarter of 2012.  The change was due to lower FDIC loss sharing income offset in part by higher gains on sales of leases and securities.

The fourth quarter includes net FDIC loss sharing expense of $6.0 million compared to third quarter net FDIC loss sharing expense of $367,000; such change was due mostly to higher amortization of the FDIC loss sharing asset, higher covered loan recoveries, and lower covered OREO write-downs during the fourth quarter.  Gain on sale of leases increased $1.1 million to $1.2 million and relates mostly to the sale of one lease.  We sold $43.9 million in available-for-sale MBS securities for a $1.2 million gain; such securities were identified as generally having higher volatility than the broader portfolio and were sold as part of our portfolio management activities.

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The following table presents the details of FDIC loss sharing income (expense), net for the periods indicated:

(1)   Includes increases related to covered loan loss provisions and decreases for write-offs for covered loans expected to be resolved at amounts higher than their carrying value.

(2)   Represents amounts to be reimbursed to the FDIC for covered loans resolved at amounts higher than their carrying values.

(3)   Represents amounts to be reimbursed to the FDIC for gains on covered OREO sales and due from the FDIC for covered OREO write-downs.

Noninterest income declined by $15.5 million to $15.9 million for the year ended December 31, 2012 compared to $31.4 million for last year.  The change was due mainly to a decrease in net FDIC loss sharing income of $17.8 million, a $1.1 million OTTI loss on one of our covered private label CMOs, and a $1.0 million decline in service charges on deposit accounts.  These decreases were offset, in part, by $4.0 million of gains on sales of leases and securities; there were no such gains in 2011.  FDIC loss sharing income, net, decreased due mainly to lower provisions for credit losses on covered loans and higher amortization of the FDIC loss sharing asset, offset by higher net covered OREO costs.

NONINTEREST EXPENSE

Noninterest expense decreased by $8.1 million to $43.5 million during the fourth quarter of 2012 compared to $51.7 million for the third quarter of 2012.  Covered OREO expense decreased $4.8 million due to lower write-downs of $4.8 million.  Non-covered OREO expense decreased $1.6 million due to lower write-downs of $2.2 million offset partially by lower gains on sale of non-covered OREO of $672,000.  Acquisition and integration costs decreased $1.0 million; fourth quarter costs represent mostly professional fees related to the pending First California acquisition while the third quarter expense related to the APB acquisition including severance, systems conversion and professional fees, and accruals for the closures of two Pacific Western Bank offices at the time of the APB acquisition.  When OREO and acquisition and integration costs are excluded from noninterest expense, such costs decrease $805,000; this decrease is attributed mostly to the cost savings realized from the third quarter sale of 10 branches.

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Noninterest expense includes (a) amortization of time-based restricted stock, which is included in compensation, and (b) intangible asset amortization.  Amortization of restricted stock totaled $1.4 million for each of the fourth and third quarters of 2012.  Intangible asset amortization totaled $1.2 million and $1.7 million for the fourth and third quarters of 2012, respectively.

Noninterest expense increased by $31.7 million to $211.7 million during the year ended December 31, 2012 compared to $180.0 million for last year.  The increase was due mostly to $22.6 million in debt termination expense incurred in the first quarter of 2012 for the early repayments of FHLB advances and trust preferred securities.  No such expense was incurred in the prior year.  Excluding the debt termination expense, noninterest expense increased $9.1 million.  Noninterest expense for APB, Celtic and EQF totaled $15.1 million since their acquisition dates, and the increase in acquisition and integration costs totaled $3.5 million.  Covered OREO expense increased by $3.1 million due mostly to lower gains on sales of $4.8 million offset by lower write-downs of $1.5 million.  Non-covered OREO expense decreased $2.8 million due to higher gains on sales of $1.5 million and lower write-downs of $1.2 million. Other expense categories declined as follows (amounts exclude the acquisition activity previously described):  (a) intangible asset amortization declined $2.7 million due to certain intangibles being fully amortized; (b) insurance and assessments decreased $1.9 million due to the revised deposit insurance assessment formula; and (c) other professional services declined $1.2 million due to lower legal fees for litigation on loans and to lower fees for our outsourced internal audit function.

Amortization of restricted stock totaled $5.7 million and $7.6 million for the year ended December 31, 2012 and 2011, respectively.  Intangible asset amortization totaled $6.3 million for the year ended December 31, 2012 compared to $8.4 million for last year.

CREDIT QUALITY

(1)   Classified loans and leases are those with a credit risk rating of substandard or doubtful.

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Our non-covered loans and leases at December 31, 2012, include $298.5 million in loans and leases acquired in our 2012 acquisitions and that were initially recorded at their estimated fair values.  The fair value amounts at which these loans were initially recorded included an estimate of their credit losses; therefore, the allowance takes into consideration those loans whose credit quality has deteriorated since the acquisition.  At December 31, 2012, $1.0 million of our allowance for credit losses applies to such loans and leases. When these loans and leases are excluded from the total of non-covered loans and leases, the coverage ratio of our allowance for credit losses increases to 2.58% at December 31, 2012.  The comparable ratio at September 30, 2012 was 2.76%.

Credit Loss Provisions

The Company recorded a negative provision for credit losses of $4.3 million in the fourth quarter of 2012 compared to a negative provision for credit losses of $2.1 million in the third quarter of 2012 as follows:

The provision level on the non-covered portfolio is generated by our allowance methodology and reflects historical and current net charge-offs, the levels of nonaccrual and classified loans and leases, the migration of loans and leases into various risk classifications, and the level of outstanding loans and leases.  Based on such methodology, there was no fourth quarter provision.

The provision or negative provision for credit losses on the covered loans results from, respectively, decreases or increases in expected cash flows on covered loans compared to those previously estimated.

Non-covered Nonaccrual Loans and Other Real Estate Owned

Non-covered nonperforming assets include non-covered nonaccrual loans and leases and non-covered OREO and totaled $72.9 million at December 31, 2012 compared to $74.3 million at September 30, 2012.  The ratio of non-covered nonperforming assets to non-covered loans and leases and non-covered OREO decreased to 2.37% at December 31, 2012 from 2.41% at September 30, 2012.

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The following table presents our non-covered nonaccrual loans and leases and accruing loans and leases past due between 30 and 89 days by portfolio segment and class as of the dates indicated:

(1)   Excludes covered loans.

The $2.3 million increase in non-covered nonaccrual loans and leases during the fourth quarter was attributable to (a) additions of $9.3 million, (b) other reductions, payoffs and returns to accrual status of $5.2 million, and (c) charge-offs of $1.8  million.  There were no foreclosures of non-covered nonaccrual loans during the fourth quarter.

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Below is a summary of the ten largest lending relationships on nonaccrual status, excluding SBA-related loans, as of the date indicated:

(1)   On nonaccrual status at September 30, 2012

(2)   New nonaccrual in fourth quarter of 2012

The following table presents the details of non-covered and covered OREO as of the dates indicated:

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The following table presents non-covered and covered OREO activity for the period indicated:

REGULATORY CAPITAL MEASURES ARE ABOVE THE WELL-CAPITALIZED MINIMUMS

PacWest and its wholly-owned banking subsidiary, Pacific Western Bank, each remained well capitalized as of the date indicated as shown in the following table:

ABOUT PACWEST BANCORP

PacWest Bancorp (“PacWest”) is a bank holding company with $5.5 billion in assets as of December 31, 2012, with one wholly-owned banking subsidiary, Pacific Western Bank (“Pacific Western”). Through 67 full-service community banking branches, 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 throughout California in Los Angeles, Orange, Riverside, San Bernardino, Santa Barbara, San Diego, San Francisco, San Luis Obispo, San Mateo and Ventura Counties.  Through its subsidiaries, BFI Business Finance and Celtic Capital Corporation, and its divisions First Community Financial and Pacific Western Equipment Finance, Pacific Western also provides working capital financing and equipment leasing to growing companies located throughout the United States, with a focus on the Southwestern U.S., primarily in Arizona, California, Utah 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.

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FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking information about PacWest that is intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Company. We caution readers that a number of important factors could cause actual results to differ materially from those expressed in, implied or projected by, such forward-looking statements. Risks and uncertainties include, but are not limited to: failure to obtain regulatory or other required approvals; an inability to achieve expected cost savings in the amounts or timeframes discussed if at all, or the costs associated with transactions or the time needed to complete transactions being greater than expected; lower than expected revenues; credit quality deterioration or a reduction in real estate values could cause an increase in the allowance for credit losses and a reduction in net earnings; increased competitive pressure among depository institutions; the Company’s ability to complete future acquisitions, successfully integrate such acquired entities, or achieve expected beneficial synergies and/or operating efficiencies within expected time-frames or at all; settlements with the FDIC related to our loss-sharing arrangements from the Los Padres Bank and Affinity Bank acquisitions; the possibility that personnel changes will not proceed as planned; the cost of additional capital is more than expected; a change in the interest rate environment reduces net interest margins; asset/liability repricing risks and liquidity risks; pending legal matters may take longer or cost more to resolve or may be resolved adversely to the Company; general economic conditions, either nationally or in the market areas in which the Company does or anticipates doing business, are less favorable than expected; environmental conditions, including natural disasters, may disrupt our business, impede our operations, negatively impact the values of collateral securing the Company’s loans and leases or impair the ability of our borrowers to support their debt obligations; the economic and regulatory effects of the continuing war on terrorism and other events of war, including the conflicts in the Middle East; legislative or regulatory requirements or changes adversely affecting the Company’s business; changes in the securities markets; regulatory approvals for any capital activities cannot be obtained on the terms expected or on the anticipated schedule; and, other risks that are described in PacWest’s public filings with the U.S. Securities and Exchange Commission (the “SEC”). If any of these risks or uncertainties materializes or if any of the assumptions underlying such forward-looking statements proves to be incorrect, PacWest’s results could differ materially from those expressed in, implied or projected by such forward-looking statements. PacWest assumes no obligation to update such forward-looking statements.

For a more complete discussion of risks and uncertainties, investors and security holders are urged to read PacWest Bancorp’s annual report on Form 10-K, quarterly reports on Form 10-Q and other reports filed by PacWest with the SEC.  The documents filed by PacWest with the SEC may be obtained at PacWest Bancorp’s website at www.pacwestbancorp.com or at the SEC’s website at www.sec.gov.  These documents may also be obtained free of charge from PacWest by directing a request to: PacWest Bancorp c/o Pacific Western Bank, 275 North Brea Boulevard, Brea, CA 92821.  Attention: Investor Relations. Telephone 714-671-6800.

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PACWEST BANCORP AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)