Pacific Western Bank

Overview / Commentary
9701 Wilshire Blvd Suite 700
Beverly Hills, CA 90212

Pacific Western Bank is headquartered in LOS ANGELES and is the 3rd largest bank in the state of California. It is also the 59th largest bank in the nation. It was established in 1982 and as of December of 2023, it had grown to 2,290 employees at 104 locations. Pacific Western Bank has a C- health rating.

Related Posts

Pac West Rescue Deal To Be Sold To Banc Of California - 7/27/2023

Banc Of California Agrees To Buy Pac West...

Has Now Started A Money Market Account On Raisin Used To Be SaveBetter - 6/21/2023

Do you feel comfortable putting money on deposit with this bank knowing this bank's health rating?...Money Market Rate: 5.12%

Pacific Western Bank Brings Back Rate-Leading 13-Month CD - 6/5/2023

Pacific Western Bank (central and southern CA) has a rate-leading 13-month CD ($2.5k min deposit) and a competitive High Yield Savings account ($5k min of new money).

View all posts from:

Reviews (4)

TEMECULA Branch Is Awesome!

I have been banking here since 1992. (25 years!) so needless to say, I have had thousands of dealings with this bank. They are, without a doubt, one of the best banks with some of the best people that I know. They, like us, love our community, and they show it.
From selling a home to going through our parents demises and needing to open accounts in their names to distribute funds, they walked us through it all.
Being retired now and having automatic deposits and withdrawals and doing online banking wherever we are, works out great..
We know we can call the bank and they know us-we are not just a number. Thank You Temecula.

Rate Drop As Of 4/11/2023

Posted by: |

As of 4/11/23, the CD rates have dropped
5m - 4.80%
7m - 5.05%
13m - 5.05%

Note that the bank does not seem to have web-based account opening - I was asked to make an appointment at a local branch. They also said that they could not do ACH transfers to fund the account.

Read Their Fee Disclosure

Posted by: |

Read their Fee Disclosure. Monthly fees imposed for things that are free elsewhere.

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!

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Pacific Western Bank has a negative return on equity.

Health Grade Components

FDIC Certificate #24045
Year Established1982
Primary RegulatorFED
Profit Margin
Return on Assets - YTD-4.69%
Return on Equity - YTD-59.67%
Annual Interest Income$1.97B
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$38.37B$41.18B
LoansQ4 2023vs Q4 2022$25.33B$28.47B
DepositsQ4 2023vs Q4 2022$30.58B$34.29B
Equity CapitalQ4 2023vs Q4 2022$3.74B$3.99B
Loan Loss AllowanceQ4 2023vs Q4 2022$281.6MM$200.7MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$140MM$93.6MM
Real Estate OwnedQ4 2023vs Q4 2022$7.4MM$5MM

Sorry, we do not have rate data for Pacific Western Bank.



Los Angeles Area

Interactive local rates map

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.