—$125.1 million in deposits sold— —$2.0 million in expected annual cost savings for Pacific Western— LOS ANGELES, Sept. 24, 2012 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq:PACW) announced that its wholly-owned subsidiary Pacific Western Bank completed today its previously announced sale of 10 branches to Opus Bank. Pacific Western continues to operate 66 branches throughout California. The branches sold to Opus Bank are located in the cities of:
- Encino, Los Angeles (Westwood), Monrovia and South Pasadena, located in Los Angeles County, California;
- Chino and Twentynine Palms, located in San Bernardino County, California;
- La Quinta, located in Riverside County, California; and
- Carlsbad, El Cajon and La Mesa, located in San Diego County, California.