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CapitalSource to merge with PacWest Bancorp in $2.3b deal

July 24, 2013Martha Entwistle

CENTURY CITY, Calif.—CapitalSource will still be a source of lending for the security industry after it merges with PacWest Bancorp in a $2.3 billion deal early next year. In fact, CapitalSource's managing director Will Schmidt says he expects the security team to grow in the next few months.“The merger will impact the security group only in a positive way,” Schmidt told Security Systems News. PacWest is supportive of CapitalSource's “streamlined credit process,” he...

CapitalSource, CapitalSource Bank, James J. Pieczynski, Matt Wagner, Pacific Western Bank, PacWest Bancorp, Will Schmidt