1102112--3/15/2010--PACWEST

related topics

{loss, insurance, financial}

{stock, price, share}

{condition, economic, financial}

{loan, real, estate}

{acquisition, growth, future}

{personnel, key, retain}

{capital, credit, financial}

{competitive, industry, competition}

{operation, natural, condition}

{regulation, change, law}

{cost, regulation, environmental}

Our business has been and may continue to be adversely affected by current conditions in the financial markets and economic conditions generally. Changes in economic conditions, in particular a worsening of the economic slowdown in Southern California, could materially and adversely affect our business. Further disruptions in the real estate market could materially and adversely affect our business. Our business is subject to interest rate risk, and variations in interest rates may materially and adversely affect our financial performance. We face strong competition from financial services companies and other companies that offer banking services which could materially and adversely affect our business. We may need to raise additional capital in the future and such capital may not be available when needed or at all. We are subject to extensive regulation which could materially and adversely affect our business. There can be no assurance that the Emergency Economic Stabilization Act of 2008 ("EESA") and other recently enacted government programs will help stabilize the U.S. financial system. Increases in FDIC insurance premiums may adversely affect our earnings. We are exposed to transactional, country and legal risk related to our foreign loans that is in addition to risks we face on loans to U.S. based borrowers. We are exposed to risk of environmental liabilities with respect to properties to which we take title. We may not pay dividends on common stock. The primary source of our income from which we pay dividends is the receipt of dividends from the Bank. Only a limited trading market exists for our common stock which could lead to price volatility. Our allowance for credit losses may not be adequate to cover actual losses. Our acquisitions may subject us to unknown risks. We are dependent on key personnel and the loss of one or more of those key personnel may materially and adversely affect our prospects. Concentrated ownership of our common stock creates a risk of sudden changes in our share price. Our largest stockholder is a registered bank holding company, and the activities and regulation of such stockholder may materially and adversely affect the permissible activities of the Company. A natural disaster could harm the Company's business. Our decisions regarding the fair value of assets acquired, including the FDIC loss sharing asset, could be inaccurate which could materially and adversely affect our business, financial condition, results of operations, and future prospects Our ability to obtain reimbursement under the loss sharing agreement on covered assets depends on our compliance with the terms of the loss sharing agreement.

Full 10-K form ▸

1102112--3/15/2010--PACWEST_BANCORP