PacWest Bancorp (NASDAQ:PACW) Q2 2022 Earnings Conference Call July 21, 2022 11:00 AM ET

Company Participants

Bill Black - EVP, Strategy & Corporate Development

Matt Wagner - CEO

Bart Olson - CFO

Mark Yung - EVP & COO

Paul Taylor - President

Conference Call Participants

Jared Shaw - Wells Fargo Securities

Andrew Terrell - Stephens

Brandon King - Truist Securities

Matthew Clark - Piper Sandler

Gary Tenner - D.A. Davidson

Christopher Marinac - Janney Montgomery Scott

Chris McGratty - KBW

Operator

Good day and welcome to the PacWest Bancorp Second Quarter Earnings Conference Call. Today's conference is being recorded.

At this time, I'd like to turn the conference over to Mr. Bill Black. Please go ahead, sir.

Bill Black

Thank you. Good morning and welcome to PacWest second quarter 2022 earnings conference call. Investors have been eager for us to do a call for some time and we're excited to add this to our ongoing Investor Relations activities.

With me and speaking today will be CEO, Matt Wagner; CFO, Bart Olson; COO and Leader of our Venture Banking business, Mark Yung; and our newly appointed President, Paul Taylor.

Before I hand the call over to Matt, please note that we may make forward-looking statements during today's call that are subject to risks, uncertainties and assumptions. For more complete discussion of the risks and uncertainties that could cause actual results to differ materially from any forward-looking statements, see other companies SEC filings, including 8-K filed yesterday afternoon, which is available on the company's website.

I'd now like to turn the call over to Matt.

Matt Wagner

Thank you, Bill and good morning, everybody.

I just wanted to make one comment before we get into the results for the second quarter, I'd like to welcome Paul Taylor to the PacWest team. Of course, Paul has been on the board since May of 2021. So he's not new to the PacWest story. As announced on June 13, Paul joined PacWest as President, and will succeed me as CEO upon my previously announced planned retirement at the end of 2023. Paul and I have known each other for many years. And many of you probably know Paul from his days as CEO of Guaranty Bancorp here in Denver from 2011 to 2018 and at Opus Bank from 2019 to 2020. We're very excited to have completed the search for my successor earlier than planned. And I look forward to working closely with Paul during the transition over the next 18 months.