PacWest Bancorp Announces Annual Meeting to Be Held As A Virtual Meeting

LOS ANGELES, April 23, 2020 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) (“PacWest” or the “Company”), parent company of Pacific Western Bank, announced today that due to the public health impact of the COVID-19 pandemic and to support the health and well-being of stockholders and other stakeholders, PacWest has changed the location of its Annual Meeting of Stockholders (the “Annual Meeting”) to be held on May 12, 2020 at 1:30 pm Pacific Time. The Annual Meeting will now be held virtually at www.virtualshareholdermeeting.com/PACW2020 on May 12, 2020 at 1:30 pm Pacific Time.

Stockholders who vote their shares by proxy do not need to attend the Annual Meeting.

Whether or not stockholders plan to attend the Annual Meeting, PacWest urges all stockholders of record as of the record date, March 16, 2020, to promptly submit their proxy by executing and returning the proxy card previously mailed to them or by voting by telephone or on the Internet by following the voting instructions printed on their proxy card.

Further information regarding the Annual Meeting can be found in the proxy statement and supplemental materials filed by PacWest with the Securities and Exchange Commission on March 27, 2020 and April 1, 2020. In addition, information about how stockholders of record can be admitted to and participate in the Annual Meeting are included in the Notice of Change of Location of Annual Meeting of Stockholders to be Held on May 12, 2020 included below and filed today with the Securities and Exchange Commission.

9701 Wilshire Boulevard, Suite 700
Beverly Hills, California 90212

ADDITIONAL INFORMATION REGARDING THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON TUESDAY, MAY 12, 2020

The following Notice of Change of Location relates to the proxy statement (the “Proxy Statement”) of PacWest Bancorp (the “Company”), dated March 27, 2020, in connection with the solicitation of proxies by the Board of Directors of the Company for use at the Annual Meeting of Stockholders to be held on Tuesday, May 12, 2020.  These definitive additional materials are being filed with the Securities and Exchange Commission and are being made available to stockholders on or about April 23, 2020

PLEASE READ THIS NOTICE CAREFULLY IN CONJUNCTION WITH THE PROXY STATEMENT.

NOTICE OF CHANGE OF LOCATION OF ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON MAY 12, 2020

To the Stockholders of PacWest Bancorp:

NOTICE IS HEREBY GIVEN that, due to the public health impact of the coronavirus (COVID-19) pandemic, recommendations and orders from federal and California authorities, and to support the health and well-being of our stockholders, associates, directors and vendors, the location of the 2020 Annual Meeting of Stockholders (the “Annual Meeting”) of PacWest Bancorp (the “Company”) has been changed.  The previously announced date and time of the Annual Meeting (Tuesday, May 12, 2020 at 1:30 p.m., Pacific Time) will not change.  The Annual Meeting will be held solely by remote communication, in a virtual only format.   You will not be able to physically attend the Annual Meeting.