Community West Bancshares

Community West BancsharesCompany type| Public

|

Traded as

| Nasdaq: CWBC[1]
Industry| Financial services
Founded| 1996; 29 years ago (1996)[2]
Headquarters| Goleta, California, US

Key people

| William Peeples (chairman)
Martin Plourd (president & CEO)

Operating income

|  US$ 31.309 million (2012)[3]

Net income

|  US$ 8.245 million (2020)[3]
Total assets|  US$ 975.435 million (2020)[3]
Total equity|  US$ 89.0 million (2020)[3]

Number of employees

| 119(2012)[4]
Website| communitywestbank.com/index.php

Community West Bancshares is a registered bank holding company headquartered in California.[5] It wholly owns Community West Bank under the Bank Holding Company Act.[5][6]

The company delivers a wide range of commercial and retail financial services such as various loan and deposit products through the operation of the bank.[7] As of December 31, 2020, the Company had $975.4 million in total assets, $89 million in total stockholders' equity and $766.1 million in deposits.[3]

## History

[edit]

Community West Bank was established in 1989 to provide financial services including relationship banking, mortgage lending and SBA lending.[8] On November 26, 1996, Community West Bancshares was incorporated as the bank holding company for Community West Bank.[9]

On December 31, 1997, Community West Bancshares completed the acquisition of Goleta National Bank.[9] On September 1, 2004, the bank changed its name to Community West Bank, also the currently name.[9]

On May 14, 2013, the company declared plans to consolidate the Roseville SBA administrative office functions into the existing loan servicing operations in Goleta.[10]

In April 2024, it was announced that Community West Bancshares had merged its operations with Central Valley Community Bank, totaling 27 locations.[11] The agreement was valued at 143 million dollars.

## Leadership

[edit]

The main managers are listed as follows:[12]

* William Peeples \- Independent Chairman of the Board
* Martin Plourd - President, Chief Executive Officer
* Susan Thompson- Chief Financial Officer

## References

[edit]

1. ^ traded symbols
2. ^ "Foundation time".
3. ^ a b c d e "Selected Financial Data".
4. ^ "EDGAR Pro". Retrieved 19 February 2016.
5. ^ a b "Community West Bancshares: NASDAQ:CWBC quotes & news - Google Finance". Retrieved 19 February 2016.
6. ^ "Troubled Assets Relief Program (TARP)" (PDF).
7. ^ "Community West Bancshares (CWBC.O) Company Profile - Reuters.com". Reuters. Archived from the original on 24 December 2013. Retrieved 19 February 2016.
8. ^ "Community West Bank - Corporate Profile". Retrieved 19 February 2016.
9. ^ a b c "Community West Bancshares - Investor Relations". Retrieved 19 February 2016.
10. ^ New Plans
11. ^ "Central Valley Community Bank completes merger with SoCal bank". The San Joaquin Valley Sun. April 2024. Retrieved 2024-04-11.
12. ^ "Community West Bancshares (CWBC.O) People - Reuters.com". Reuters. Retrieved 19 February 2016.

## External links

[edit]

* Official website