PacWest Bancorp operates as a bank holding company for Pacific Western Bank that provides commercial banking products and services to small to medium size businesses, and the owners and employees of those businesses primarily in Southern California. It accepts demand, money market, and time deposits; and originating loans, including commercial, real estate construction, real estate miniperm, SBA guaranteed, and consumer loans, as well as offers other business-oriented banking products. The company also provides asset-based lending and factoring of accounts receivable small businesses located in Arizona, California, Texas, and the Pacific Northwest. In addition, it offers international banking, multi-state deposit, and investment services; telephone and online banking services; foreign exchange services, as well as issues automated teller machine and debit cards. Further, the company provides working capital financing and equipment leasing to growing companies located in the states of Arizona, California, Utah, and Texas. As of March 26, 2012, it operated 76 full-service community banking branches in Los Angeles, Orange, Riverside, San Bernardino, Santa Barbara, San Diego, San Francisco, San Luis Obispo, San Mateo, and Ventura Counties in California. The company was formerly known as First Community Bancorp and changed its name to PacWest Bancorp in April 2008. PacWest Bancorp was founded in 1999 and is based in Los Angeles, California.