Pacific Western Bank Acquires Civic Financial Services from Wedgewood
February 2, 2021
Pacific Western Bank (PacWest Bancorp) has purchased Civic Financial Services, a Redondo Beach-based institutional private lender, from Wedgewood, LLC. Civic will operate as a wholly owned subsidiary with William J. Tessar remaining as President; financial terms were not disclosed.
- Buyers
- Pacific Western Bank, PacWest Bancorp
- Targets
- Civic Financial Services, LLC
- Sellers
- Wedgewood, LLC
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Buyout
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