El Dorado Savings Bank to become Pacific Western Bank

[South Tahoe Now]

At this time no services are expected to change in South Lake Tahoe, just a new name but same staff. El Dorado Savings Bank opened for business in ...

PacWest Bancorp and El Dorado Savings Bank have announced the signing of a definitive agreement and plan of merger whereby PacWest will acquire El Dorado Savings in a transaction valued at approximately $466.7 million.

PacWest owns Pacific West Bank which will be the new names of El Dorado branches.

The sale is expected to become final by the first quarter of 2019. The transaction ...