 LOS ANGELES, April 01, 2021 GLOBE NEWSWIRE -- PacWest Bancorp Nasdaq: PACW PacWest announced today that its wholly-owned banking subsidiary, Pacific Western Bank the Bank, has entered into a definitive agreement to acquire MUFG Union Bank, N.A.s Union Bank Homeowners Association HOA Services Division. The HOA Services Division provides a full range of banking services to community management companies and their homeowners associations. This acquisition will significantly expand the Banks existing HOA banking practice, which provides lockbox, electronic receivables processing and other financial services to HOA management companies. 