1102112--3/2/2009--PACWEST

related topics

{stock, price, share}

{condition, economic, financial}

{loss, insurance, financial}

{loan, real, estate}

{competitive, industry, competition}

{acquisition, growth, future}

{debt, indebtedness, cash}

{personnel, key, retain}

{capital, credit, financial}

{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. 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. The soundness of other financial institutions could adversely affect us. Further disruptions in the real estate market 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 dependent on key personnel and the loss of one or more of those key personnel may materially and adversely affect our prospects. We are subject to extensive regulation which could materially and adversely affect our business. There can be no assurance that the recently enacted Emergency Economic Stabilization Act of 2008 and other recently enacted government programs will help stabilize the U.S. financial system. 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. Our ability to pay dividends is restricted by law and contractual arrangements and depends on capital distributions from the Bank which are subject to regulatory limits. 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. Concentrated ownership of our common stock creates a risk of sudden changes in our share price. Two of our largest stockholders are registered bank holding companies, and the activities and regulation of such stockholders may materially and adversely affect the permissible activities of the Company. A natural disaster could harm the Company's business.

Full 10-K form ▸

1102112--3/2/2009--PACWEST_BANCORP