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
Explore More
Related Acquisitions
-
Columbia Banking System Acquires Pacific Premier Bancorp
September 2, 2025
Financial Services
Columbia Banking System completed its previously announced acquisition of Pacific Premier Bancorp, bringing Pacific Premier into the Columbia Bank family and rebranding the combined operations under the Columbia name. The deal significantly expands Columbia's presence across Southern California and the broader western U.S., increasing Columbia's assets to approximately $70 billion and creating a combined network of more than 350 locations.
-
Banc of California and PacWest Bancorp to Combine in All-Stock Merger with $400M Investment from Warburg Pincus and Centerbridge
July 25, 2023
Financial Services
Banc of California and PacWest Bancorp have signed a definitive agreement to combine in an all‑stock merger under which PacWest will merge into Banc of California. Concurrent with closing, affiliates of Warburg Pincus and Centerbridge will invest $400 million of newly issued equity to support balance‑sheet repositioning and scale the combined California-focused business bank.
-
PDL Community Bancorp Acquires Mortgage World Bankers
June 3, 2020
Financial Services
PDL Community Bancorp (the holding company for Ponce Bank) received regulatory approval from the New York State Department of Financial Services to acquire 100% of Mortgage World Bankers, a mortgage banking firm headquartered in Astoria, New York. The deal is intended to expand Ponce Bank's mortgage origination capacity, offer competitive consumer mortgage products and provide a channel to the secondary mortgage markets; it was expected to close on or about July 1, 2020.
-
WesBanco Acquires Premier Financial Corp.
May 21, 2025
Financial Services
WesBanco, Inc. completed its acquisition of Premier Financial Corp. (and merged Premier Bank into WesBanco Bank) on February 28, 2025, and completed customer and branch conversions in mid-May 2025. The transaction brought roughly 400,000 consumer and 50,000 business relationships, approximately 70 former Premier financial centers and about 900 employees onto WesBanco’s platform, creating a regional bank with roughly $27 billion in assets and expanded presence across nine states.
-
Civista Bancshares Acquires Vision Financial Group
September 30, 2022
Financial Services
Civista Bancshares, Inc. (NASDAQ: CIVB) signed a definitive agreement to acquire all outstanding shares of Pittsburgh-based Vision Financial Group, Inc., a privately held equipment leasing and finance company founded in 1991. Vision Financial Group will become a subsidiary of Civista Bank and continue operating under its name, with management and employees remaining in place; the deal consideration includes cash, Civista common stock and potential earn-out stock payments.
-
Bluejay Capital Partners Acquires Pacific West
December 22, 2021
Transportation
Bluejay Capital Partners has completed the acquisition of Pacific West, LLC, a Salt Lake City–based niche rail and industrial services firm. The transaction was financed with unitranche debt and an equity co-investment from Southfield Mezzanine; terms were not disclosed and Pacific West COO Dustin Hall retains a meaningful ownership stake. Bluejay intends to expand Pacific West's service offerings and geographic reach across the western United States.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.