Domestic bonds: Pacific Western Bank, 3.25% 1may2031, USD (US69506YSC48) (2024)

FAQs

What is going on with Pacific Western Bank? ›

Banc of California and Pacific Western Bank have merged.

Please use the updated name on wire instructions. There are no changes to checks or ACH. We've merged with Banc of California, N.A. Find more information about the merger and answers to frequently asked questions using the button below.

In late 2023 or early 2024, Pacific Western Bank will merge with Banc of California. Is my money safe at Pacific Western Bank? Yes, all accounts at Pacific Western Bank have FDIC insurance.

Pacific Western Bank Savings Rates

You'll earn 5.27% APY, which is one of the best money market account account rates on Raisin. You also might consider exploring the Pacific Western Bank Money Market Account if you'd like to open an account with a low initial deposit. This account only requires a $1 on Raisin.

PacWest Bancorp is an American bank holding company based in Beverly Hills, California, with one wholly owned banking subsidiary, Pacific Western Bank. It is a subsidiary of Banc of California. Beverly Hills, California, U.S.

Everything is handled through Pacific Western Bank. Your large deposit is broken into smaller amounts under $250,000 and placed with other ICS Network banks, which means your entire investment is eligible for FDIC insurance.

A report posted on the Social Science Research Network found that 186 banks in the United States are at risk of failure or collapse due to rising interest rates and a high proportion of uninsured deposits.

Pacific Western Bank Faces Allegations of Failing to Pay Employees Proper Wages. According to a recent lawsuit, Pacific Western Bank allegedly failed to pay employees proper wages and failed to provide accurate wage statements as required by employment law.

Pacific Western Bank is headquartered in LOS ANGELES and is the 3^rd largest bank in the state of California. It is also the 59^th largest bank in the nation. It was established in 1982 and as of December of 2023, it had grown to 2,290 employees at 104 locations. Pacific Western Bank has a C- health rating.

Fitch Ratings - New York - 03 Nov 2023: Fitch Ratings has revised the Rating Outlooks for Western Alliance Bancorporation (WAL) and Western Alliance Bank (WAB) to Stable from negative. Fitch affirmed both companies' Long-Term (LT) Issuer Default Ratings (IDRs) at 'BBB-' and their Short-Term (ST) IDRs at 'F3'.

As of May 2024, no banks are offering 7% interest rates on savings accounts. Two credit unions have high-interest checking accounts: Landmark Credit Union Premium Checking with 7.50% APY and OnPath Credit Union High Yield Checking with 7.00% APY.

Does Pacific Western Bank use Zelle? ›

It's easy — Zelle is already available within the TouchBanking app and online banking! Check our app or sign-in online and follow a few simple steps to enroll with Zelle today.

Banc of California and Pacific Western Bank have merged.

Please note: Our ABA/routing number, 122238200, now reflects the name Banc of California. Please use the updated name on wire instructions. There are no changes to checks or ACH.

Your deposit at Pacific Western Bank is insured by the FDIC, and each depositor is insured to at least $250,000, as established by law.

PacWest Bancorp (“PacWest”) is a bank holding company with over $41 billion in assets headquartered in Los Angeles, California, with an executive office in Denver, Colorado, with one wholly-owned banking subsidiary, Pacific Western Bank (the “Bank”).

From February 2022, through May 2023, PACW stock sank from over $50 to as low as $2.48 per share. The stock bounced back during May and June, when it became clear that PacWest wasn't the next Silicon Valley Bank. In July, the company's shares briefly re-hit prices above $10 per share.

Is It Safe And Secure? Pacific Western Bank is a member FDIC, which means that the funds in deposit accounts are protected for up to $250,000. Beyond that, the bank has several security measures in place to protect your funds, such as bank-level encryption.