 LOS ANGELES, Oct. 12, 2021 GLOBE NEWSWIRE -- PacWest Bancorp Nasdaq: PACW PacWest announced today that its wholly-owned banking subsidiary, Pacific Western Bank the Bank, completed the acquisition of MUFG Union Bank, N.A.s Union Bank Homeowners Association HOA Services Division effective on October 8, 2021. The system conversion was completed over the weekend of October 9th 11th. The HOA Services Division provides a full range of banking services to community management companies and their homeowners associations. This acquisition significantly expands the Banks existing HOA banking practice, which provides lockbox, electronic receivables processing and other financial services to HOA management companies. 