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619-744-7200
10250 Constellation Boulevard, #1640
Los Angeles, CA 90067

Pacific Western Bank is headquartered in Los Angeles and is the 9th largest bank in the state of California. It is also the 72nd largest bank in the nation. It was established in 1982 and as of December of 2015, it had grown to 1,666 employees at 85 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
Employees1666
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.69%
Return on Equity - YTD8.18%
Annual Interest Income$882.4MM
Assets and Liabilities
AssetsQ4 2015vs Q4 2014$21.18B$16.00B
LoansQ4 2015vs Q4 2014$14.36B$11.77B
DepositsQ4 2015vs Q4 2014$16.10B$12.09B
Equity CapitalQ4 2015vs Q4 2014$4.28B$3.38B
Loan Loss AllowanceQ4 2015vs Q4 2014$115.1MM$84.5MM
Unbacked Noncurrent LoansQ4 2015vs Q4 2014$126.3MM$89.2MM
Real Estate OwnedQ4 2015vs Q4 2014$13.8MM$26.1MM
Rates

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

Locations

Pacific Western Bank has 81 locations. Click to view all Pacific Western Bank locations.