Pacific West Bank in West Linn, Oregon, issued a press release on Thursday making it clear that it IS NOT related to Pacific Western Bank, or its parent company PacWest Bancorp, in Beverly Hills, California. “We understand that there may be confusion among some customers and shareholders due to the similarity of our names, but we want to emphasize that we are a completely separate entity and our financial position remains strong,” said Jason Wessling, president of Pacific West. Bank, in the statement. PacWest lost nearly $6 billion in deposits in the first quarter 2023 and has been exploring a possible sale. Is share closed 50% on Thursday. PWB’s home page also states in bold that it has no association with PacWest and invites users to call if they have any questions.—miriam cruz

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