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Pacific Western Bank Announces Agreement to Acquire Homeowners Association Services Division From MUFG Union Bank, N.A.

Share: LOS ANGELES, April 01, 2021 (GLOBE NEWSWIRE) -- PacWest Bancorp (NASDAQ:PACW) ("PacWest") announced today that its wholly-owned banking subsidiary, Pacific Western Bank (the "Bank"), has entered into a definitive agreement to acquire MUFG Union Bank, N.A.s ("Union Bank") Homeowners Association ("HOA") Services Division. The HOA Services Division provides a full range of banking services to community management companies and their homeowners associations. This acquisition will significa...
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