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PACIFIC WEST BANCORP - $PWBK STOCK NEWS

Welcome to our dedicated page for PACIFIC WEST BANCORP news (Ticker: $PWBK), a resource for investors and traders seeking the latest updates and insights on PACIFIC WEST BANCORP stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PACIFIC WEST BANCORP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

Pacific West Bancorp announces leadership promotions, including the transition of the CEO and the promotion of the President to CEO on June 1st, 2024. Terry Peterson retires as CEO, with Jason Wessling taking over. Lisa Fajardo-Faust and Sujana Regmi-Schuler also receive promotions within the company. The company emphasizes continuity and talent development in its leadership team.

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Pacific West Bancorp (PWBK) reported a net loss of ($251) thousand or ($0.09) per diluted share in the first quarter of 2024. Despite the loss, the company saw significant growth in total deposits, total loans, and total interest income year over year. Credit quality remained strong with no overdue loans. The bank's capital position exceeded regulatory requirements, and assets reached $315 million. Pacific West Bank celebrated its 20th anniversary, highlighting two decades of dedicated service.
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Pacific West Bancorp (PWB) announced a net loss in the fourth quarter of 2023 and for the full year, with a provision for credit loss expense due to strong loan growth. The bank experienced growth in total loans, loan commitments, and deposits during the quarter and for the year. Interest income and net interest margin increased, and the bank's capital position remained strong. The bank also successfully launched a banking-as-a-service initiative, established new office locations, and formed a bank holding company. Despite the net loss, the President and CFO expressed satisfaction with the growth achieved and look forward to further expansion in the coming years.
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Pacific West Bancorp reports a net loss of ($205) thousand for Q3 2023. Total loans and deposits grew during the quarter. Non-interest income increased by 124.5% due to the successful launch of the Banking-as-a-Service division. The Bank's capital position remains strong. Total assets increased by 9.7% year-to-date. Loan growth drove a provision for loan loss of $250 thousand. The Bank's net loss before taxes and provision for credit loss was ($52) thousand.
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PACIFIC WEST BANCORP

OTC:PWBK

PWBK Rankings

PWBK Stock Data

21.41M
2.53M
8.23%
Commercial Banking
Finance and Insurance
Link
United States of America
West Linn