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PacWest Bancorp
PacWest Bancorp is a bank holding company based in Beverly Hills, California, with one wholly owned banking subsidiary, Pacific Western Bank. It has 69 branches in California, primarily in the southern and central parts of the state, one in Denver, Colorado, one in Durham, North Carolina, and several loan production offices across the country. The company is in the process of being acquired by Banc of California. History The bank was founded in October 1999 as First Community Bancorp. In March 2002, it acquired Capital Bank of North County. In April 2002, it acquired Upland Bank, with $108 million in assets. In 2005, it acquired Glendora, California-based Foothill Independent Bancorp for $238 million. In 2006, First Community Bancorp combined the two banks it then owned, Pacific Western National Bank and First National Bank, renaming them the Pacific Western Bank. In 2008, First Community Bancorp reincorporated in Delaware and changed its name to PacWest Bancorp. In the aftermat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Glendora, California
Glendora is a city in the San Gabriel Valley in Los Angeles County, California, east of Los Angeles. As of the 2020 census, the population of Glendora was 52,558. Known as the "Pride of the Foothills", Glendora is nestled in the foothills of the San Gabriel Mountains. Its downtown area, locally known as the Glendora Village, hosts dozens of restaurants, cafes, shops, and boutiques along Glendora Avenue with many community events scheduled throughout the year. It has been voted as one of the best and friendliest downtowns in the San Gabriel Valley for the last eight years. A suburban feel, low crime rates, and a consistently high-ranking school district has made the city an attractive choice for families in the region. Glendora was incorporated on November 13, 1911, the 25th city to achieve incorporation in Los Angeles County. Neighborhoods and residences in Glendora reflect the city's history and range from Queen Annes, to Folk Victorians, early 20th-century bungalows, to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Durham, North Carolina
Durham ( ) is a city in the U.S. state of North Carolina and the county seat of Durham County, North Carolina, Durham County. Small portions of the city limits extend into Orange County, North Carolina, Orange County and Wake County, North Carolina, Wake County. With a population of 283,506 in the 2020 United States Census, 2020 Census, Durham is the List of municipalities in North Carolina, 4th-most populous city in North Carolina, and the List of United States cities by population, 74th-most populous city in the United States. The city is located in the east-central part of the Piedmont (United States), Piedmont region along the Eno River. Durham is the core of the four-county Research Triangle#Office of Management and Budget Definition, Durham-Chapel Hill Metropolitan Area, which has a population of 649,903 as of 2020 U.S. Census. The Office of Management and Budget also includes Durham as a part of the Raleigh, North Carolina, Raleigh-Durham-Cary Combined Statistical Area, com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GlobeNewswire
GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe. GlobeNewswire was a Nasdaq, Inc. subsidiary from September 2006 until April 2018 when West Corporation (now Intrado) acquired the Public Relations Solutions and Digital Media Services Businesses, including GlobeNewswire, from Nasdaq. Formerly known as PrimeNewswire, the company changed its name to GlobeNewswire in 2008 to better reflect its international scope. Operations They deliver corporate press releases, financial disclosures and multimedia content to the media, investment community, individual investors and the public. In June 2018, GlobeNewswire introduced Media Snippets, providing the ability for organizations publishing press releases to embed a carousel of images, audio, video and live streaming into their press releases and web pages to tell a more complete brand story and increase engagement with media, investors and customers. In 2012, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CapitalSource
CapitalSource is a commercial lender in the United States. It is a division of Pacific Western Bank and provides senior debt loans of $5 million to $100 million to middle-market companies throughout the United States. The company targets specific industries in its portfolio of holdings, particularly focusing on technology, real estate, healthcare, security, small business, golf finance, and equipment leasing companies. With $16 billion in assets and 80 full-service branches located throughout the state of California. CapitalSource is often referred to as an on-balance sheet lender because its loans are originated, underwritten and managed internally. The majority of its loans are in three categories: first mortgage, cash-flow, and asset-based loans. History CapitalSource was founded in 2000 by future Congressman John Delaney (D-MD) and Jason Fish with an initial capitalization of more than $500 million, which at the time was the largest private capitalization for a finance co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ventura, California
Ventura, officially named San Buenaventura (Spanish for "Saint Bonaventure"), is a city on the Southern Coast of California and the county seat of Ventura County. The population was 110,763 at the 2020 census. Ventura is a popular tourist destination, owing to its historic landmarks, beaches, and resorts. Ventura was founded by the Spanish in 1782, when Saint Junípero Serra established Mission San Buenaventura. Following the Mexican secularization of the Californian missions, San Buenaventura was granted by Governor Pío Pico to Don José de Arnaz as Rancho Ex-Mission San Buenaventura and a small community arose. Following the American Conquest of California, San Buenaventura eventually incorporated as a city in 1866. The 1920s brought a major oil boom, which along with the post–World War II economic expansion, significantly developed and expanded Ventura. History Archaeological discoveries in the area suggest that humans have populated the region for at least 10,000 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions. The FDIC is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this was increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Los Angeles
Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world's most populous megacities. Los Angeles is the commercial, financial, and cultural center of Southern California. With a population of roughly 3.9 million residents within the city limits , Los Angeles is known for its Mediterranean climate, ethnic and cultural diversity, being the home of the Hollywood film industry, and its sprawling metropolitan area. The city of Los Angeles lies in a basin in Southern California adjacent to the Pacific Ocean in the west and extending through the Santa Monica Mountains and north into the San Fernando Valley, with the city bordering the San Gabriel Valley to it's east. It covers about , and is the county seat of Los Angeles County, which is the most populous county in the United States with an estim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Security Pacific Bank
Security Pacific National Bank (SPNB) was a large U.S. bank headquartered in Los Angeles, California. It was acquired by Bank of America in 1992. History On September 1, 1868, Hellman, Temple and Co. opened their first bank branch in Los Angeles. The banking firm was the predecessor of Farmers and Merchants Bank (1870), which was the predecessor of Security First National Bank. The bank earned a reputation for aggressive business practices and benefited from economic and population growth in the Western United States. By the mid-20th century it had an international presence, and was ranked the fifth-largest bank in the United States and third-largest in California in terms of deposits. In 1967, Security First National Bank bought Pacific National Bank of San Francisco and became Security Pacific National Bank. In 1971, SPNB Security Pacific National Bank (SPNB) bought 69% of Bank of Canton. In 1975, Security Pacific Bank constructed a 55-story tower in downtown Los Angele ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Failure
A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. A bank usually fails economically when the market value of its assets declines to a value that is less than the market value of its liabilities. The insolvent bank either borrows from other solvent banks or sells its assets at a lower price than its market value to generate liquid money to pay its depositors on demand. The inability of the solvent banks to lend liquid money to the insolvent bank creates a bank panic among the depositors as more depositors try to take out cash deposits from the bank. As such, the bank is unable to fulfill the demands of all of its depositors on time. A bank may be taken over by the regulating government agency if its shareholders' equity are below the regulatory minimum. The failure of a bank is generally considered to be of more importance than the failure of other types of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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