LOS ANGELES, Oct. 06, 2017 (GLOBE NEWSWIRE) -- PacWest Bancorp (NASDAQ:PACW) ("PacWest") and CU Bancorp (NASDAQ:CUNB) ("CUB") today announced that all required regulatory approvals for the mergers of CUB into PacWest and California United Bank into Pacific Western Bank have been received. Subject to the satisfaction of the remaining closing conditions, the mergers are expected to be consummated at the close of business on October 20, 2017. FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that are intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Although these forward-looking statements reflect PacWest's current expectations with respect to the timing of closing of the mergers, no assurances can be given that the mergers will be completed on the date indicated above.