PacWest Bancorp Announces Quarterly Dividend

$0.25 Per Share Cash Dividend Payable on June 5, 2014 to Stockholders of Record on May 27, 2014

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| Source: PacWest Bancorp

LOS ANGELES, May 14, 2014 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq:PACW) announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share. The cash dividend is payable on June 5, 2014 to stockholders of record at the close of business on May 27, 2014.

ABOUT PACWEST BANCORP

PacWest Bancorp ("PacWest") is a bank holding company with over $15 billion in assets with one wholly-owned banking subsidiary, Pacific Western Bank ("Pacific Western"). Through 81 full-service branches located throughout the state of California, Pacific Western provides commercial banking services, including real estate, construction, and commercial loans, to small and medium-sized businesses. Its divisions CapitalSource, First Community Financial and Pacific Western Equipment Finance, and its subsidiaries BFI Business Finance and Celtic Capital Corporation, deliver the full spectrum of financing solutions nationwide across all industries and property types. For more information about PacWest Bancorp, visit www.pacwestbancorp.com, or to learn more about Pacific Western Bank, visit www.pacificwesternbank.com.

Matt Wagner, Chief Executive Officer
(310) 728-1020
Vic Santoro, Executive Vice President and CFO
(310) 728-1021