May 13, 2010 (FinancialWire) — The board of PacWest Bancorp (NASDAQ: PACW) has declared a quarterly cash dividend of $0.01 per common share.  The cash dividend is payable on June 4, 2010 to stockholders of record at the close of business on May 24, 2010.  

California-based PacWest Bancorp is a bank holding company with one wholly-owned banking subsidiary, Pacific Western Bank.

The bank operates 68 full-service community banking branches, and provides commercial banking services, including real estate, construction and commercial loans, to small and medium-sized businesses.

Pacific Western's branches are located in Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Francisco, San Mateo and Ventura Counties. 

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