Federal Reserve Board announces approval of notice by PacWest Bancorp, CapGen Capital Group II LP and CapGen Capital Group II LLC

The following press release was published by the Board of Governors of the Federal Reserve System on April 1, 2014. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced its approval of the notice under section 4 of the Bank Holding Company Act by PacWest Bancorp, Los Angeles, California, CapGen Capital Group II LP and CapGen Capital Group II LLC, both of New York, New York, to acquire CapitalSource Inc. and thereby indirectly acquire CapitalSource Bank, both of Los Angeles.

Attached is the Board's Order relating to this action.

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Board Votes

Source: Board of Governors of the Federal Reserve System