The Bank Slate


PacWest officially names Paul Taylor as its next CEO

PacWest Bancorp in Los Angeles followed through on its plan to name Paul Taylor as its next CEO.

The $41 billion-asset company said in a press release Monday that Taylor, its president, will succeed Matthew Wagner as CEO on Jan. 1. PacWest said when it hired Taylor as president that it was “anticipated” that he would eventually become CEO, though the transition was originally planned for later in 2023.

Wagner will become executive chairman, while John Eggemeyer III, PacWest’s chairman, will become lead director.

The company also said that Kevin Thompson will become its chief financial officer on Nov. 28.

Thompson, who just announced plans to step down as CFO and interim president of First Financial, will succeed Bart Olson, who will serve as executive vice president of finance until Feb. 28 to assist with an “orderly transition.”

“Having previously served as CEO of two publicly traded banks, Paul has an outstanding track record of delivering for customers, employees, communities, and stockholders,” Eggemeyer said in the release. “He has a clear vision for the future of PacWest, in particular improving our capital, profitability, and operational effectiveness.”

Taylor joined PacWest in July. He previously served as CEO of Opus Bank and Guaranty Bank.

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