Pacific Western Bank acquired Civic Financial Services (CIVIC), a Redondo Beach, CA-based private lender focused on residential business-purpose loans, from Wedgewood.
Melinda Fricke joined Pacific Western Bank as a senior vice president and business development officer for its asset-based lending team. Fricke previously worked for Crestmark Bank, Summit Financial, Wells Fargo Business Credit, Fremont Financial Business Credit/FINOVA and First Community Financial.
Scott Blaeser joined Pacific Western Bank’s asset-based lending team in Denver as senior vice president and business development officer for the Intermountain region. Blaeser most recently served as vice president of business development at Crestmark.
Directed Capital closed on a $40 million credit facility from Pacific Western Bank and received a combined $60 million in two other separate credit facilities from Goldman Sachs Bank ($40 million) and Valley Bank ($20 million).
Pacific Western Bank promoted Sean Lynden to president of its venture banking group. Lynden has been affiliated with Pacific Western Bank since 2015 and previously served as EVP of technology venture banking.
Taira Hall joined Pacific Western Bank as the executive vice president of products and partnerships. Hall previously worked at Visa Business Solutions, Citigroup and Deloitte Consulting.
Jonathan Lorenz joined Pacific Western Bank as Colorado market president. He will be located in the bank’s Greenwood Village, CO, executive offices.
Square 1 Bank provided a $5 million credit facility to new client Voci Technologies, a provider of speech analytics platform technology for enterprises.