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370-887-8500
9701 Wilshire Blvd, # 101
Beverly Hills, CA 90212

Pacific Western Bank is headquartered in Beverly Hills and is the 8th largest bank in the state of California. It is also the 73rd largest bank in the nation. It was established in 1982 and as of June of 2017, it had grown to 1,696 employees at 78 locations. Pacific Western Bank has an A+ health rating.

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Reviews (1)

The Hanford Branch Is The Worst Bank I've Ever Dealt With!

Don’t get an automatically renewable IRA CD if you travel out of CA for business or pleasure and can’t personally visit the bank during the maturity/grace period. The bank will throw up every roadblock they can to stick it to you financially if you want to roll over the account to another organization offering a better return on the money.

You can’t:
Come in shortly before the account matures and instruct them not to automatically renew (they will tell you such a request is impossible to accommodate).
Do your banking at a branch near where you will be since PWB is only in CA.
Get cooperation between your new financial organization and PWB and do a rollover.
Have your new financial organization give rollover instructions during the maturity/grace period over the phone.
Have your new financial organization give instructions during the maturity/grace period via email.
Have your new financial organization give instructions during the maturity/grace period via fax.
Personally give PWB rollover instructions during the maturity/grace period. They will refuse to do a rollover since you don’t have the paperwork from the new organization that they couldn’t even explain to the new organization signed by you telling them to send the money to the new organization.

You will:
Get hit with a substantial early withdrawal penalty if you will be back in state a couple of days after the end of the grace period.
Be forced to take your money as a distribution (make sure the IRS knows it really isn’t a distribution! ).
Be hit with IRS penalty from your principal if you are not old enough to take the money penalty free.

In summary, don't even THINK of banking there!



Health
A+

Health Grade Components

Overall
FDIC Certificate #24045
Year Established1982
Employees1696
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.63%
Return on Equity - YTD8.13%
Annual Interest Income$505.8MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$22.22B$21.08B
LoansQ2 2017vs Q2 2016$15.57B$14.49B
DepositsQ2 2017vs Q2 2016$17.37B$15.62B
Equity CapitalQ2 2017vs Q2 2016$4.46B$4.39B
Loan Loss AllowanceQ2 2017vs Q2 2016$145.9MM$143.3MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$171.5MM$122.0MM
Real Estate OwnedQ2 2017vs Q2 2016$12.5MM$14.7MM
Rates

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San Diego Area

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