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
Location
California, United States
Transaction Type
Buyout

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