In addition, the company announced that CIVIC will not be originating any new loans for a 30 day period to reduce loan growth. CIVIC, however, will continue operations and funding loans, executive vice president of operations Merced Cohen confirmed. In an update from the CIVIC senior leadership team’s meeting with PWB’s executive team back in … [Read more…]
PacWest Bancorp is restructuring its operations as it looks to exit silos and unify its business lines. That includes making changes at its Civic Financial Services mortgage lending business. “PacWest has a long history of acquisitions that brought us great customers and talented employees, but also very processes and different cultures,” said Paul Taylor, who … [Read more…]
Civic claimed to have originated more than $1 billion in 2020 as investors looked for new opportunities amid historically low interest rates.
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