Fitch to Withdraw PacWest Bancorp & Pacific Western Bank's Ratings

CHICAGO--()--Fitch Ratings plans to withdraw the ratings of PacWest Bancorp (PACW), Pacific Western Bank and various trust preferred securities issued by PACW's subsidiaries on or about May 15, 2015, for business reasons.

Fitch currently rates PacWest Bancorp, Pacific Western Bank and the various trust preferred securities as follows:

PacWest Bancorp

--Long-term IDR at 'BB+';

--Short-term IDR at 'B';

--Senior unsecured revolving credit facility 'BB+';

--Viability Rating at 'bb+';

--Support at '5';

--Support floor at 'NF'.

Pacific Western Bank

--Long-term IDR at 'BB+';

--Long-term deposits at 'BBB-';

--Short-term IDR at 'B';

--Short-term deposits at 'F3'

--Viability Rating at 'bb+';

--Support at '5';

--Support floor at 'NF'.

First Community/CA Statutory Trust V, VI

Community (CA) Capital Statutory Trust II, III

First Community Bancorp/CA Statutory Trust VII

First California Capital Trust I

FCB Statutory Trust I

CapitalSource Trust Preferred Securities

--Trust preferred stock 'BB-'.

The Rating Outlook is Stable.

Fitch reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch believes that investors benefit from increased rating coverage by Fitch and is providing approximately 30 days' notice to the market on the withdrawal of the above ratings.

Fitch's last rating action on PACW and its various subsidiaries occurred on April 7, 2015.

Additional information is available at 'www.fitchratings.com'.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Contacts

Fitch Ratings
John Bareiss, +1-312-368-3162
Managing Director
Fitch Ratings, Inc.
70 West Madison Street
Chicago, IL 60602
or
Alyssa Castelli, +1-212-908-0540
Media Relations, New York
alyssa.castelli@fitchratings.com
or
Elizabeth Fogerty, +1-212-908-0526
Media Relations, New York
elizabeth.fogerty@fitchratings.com

Contacts

Fitch Ratings
John Bareiss, +1-312-368-3162
Managing Director
Fitch Ratings, Inc.
70 West Madison Street
Chicago, IL 60602
or
Alyssa Castelli, +1-212-908-0540
Media Relations, New York
alyssa.castelli@fitchratings.com
or
Elizabeth Fogerty, +1-212-908-0526
Media Relations, New York
elizabeth.fogerty@fitchratings.com