As of October 6, 2015, Square 1 Financial, Inc. was acquired by PacWest Bancorp. Square 1 Financial, Inc. operates as the holding company for Square 1 Bank that provides a range of banking and financial products and services to the entrepreneurial community, and venture capital and private equity firms in the United States. The company’s deposit products include checking, money market and certificates of deposit. It also offers commercial lending products, including commercial loans, revolving lines of credit, equipment loans, asset-based loans, credit cards, and capital call loans; and real estate secured, government-guaranteed, and construction loans. In addition, the company provides investment products, foreign exchange, bill pay, wires, ACH, letters of credit, and lockbox services; investment advisory and asset management services; and funds management services. Square 1 Financial, Inc. was incorporated in 2004 and is headquartered in Durham, North Carolina.