PacWest Bancorp and CapitalSource announced they have received regulatory approval from the Board of Governors of the Federal Reserve System and that the merger will close on Monday, April 7, 2014 at the close of business.

As previously announced, the integration of CapitalSource Bank systems and the conversion of CapitalSource Bank’s branches to Pacific Western Bank’s operating platform are scheduled to be completed over the weekend of April 11, 2014.

CapitalSource has 21 branches, twelve of which are being closed in the consolidation with Pacific Western Bank at the close of business on April 11. One overlapping Pacific Western branch is also being closed in the consolidation at the close of business on April 11. All remaining branches will re-open on Monday, April 14, 2014 as Pacific Western Bank branches.

Previously on monitordaily: PacWest, CapitalSource Update Timing of Merger Closing, March 25, 2014