Pacific Western Bank provided a $25 million debt facility to existing client, Truvian Sciences, a healthcare company paving the way in the blood testing industry with its automated diagnostic system that provides lab-accurate results at point-of care.
Pacific Western Bank hired Steven Schwimmer to serve in the newly created position of executive vice president and chief innovation officer. In this role, Schwimmer will be responsible for Pacific Western Bank’s systems and applications environment, as well as various bank operations groups.
Kate Farms secured a $30 million senior credit facility with Pacific Western Bank to help fuel growth and expansion.
Prelim, a fintech provider that optimizes digital banking experiences for financial institutions, has expanded its capabilities to assist more banks assist more small businesses.
Janice Ibey joined Pacific Western Bank’s asset-based lending team as a senior vice president and business development officer. She joined Pacific Western Bank after spending the past four years working with Crestmark as vice president of business development in Southern California.
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.