Community West Bancshares
| Company type | Public |
|---|---|
| Nasdaq: CWBC[1] | |
| Industry | Financial services |
| Founded | 1996[2] |
| Headquarters | Goleta, California, US |
Key people | William Peeples (chairman) Martin Plourd (president & CEO) |
 US$ 31.309 million (2012)[3] | |
| 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 |
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]- ^ traded symbols
- ^ "Foundation time".
- ^ a b c d e "Selected Financial Data".
- ^ "EDGAR Pro". Retrieved 19 February 2016.
- ^ a b "Community West Bancshares: NASDAQ:CWBC quotes & news - Google Finance". Retrieved 19 February 2016.
- ^ "Troubled Assets Relief Program (TARP)" (PDF).
- ^ "Community West Bancshares (CWBC.O) Company Profile - Reuters.com". Reuters. Archived from the original on 24 December 2013. Retrieved 19 February 2016.
- ^ "Community West Bank - Corporate Profile". Retrieved 19 February 2016.
- ^ a b c "Community West Bancshares - Investor Relations". Retrieved 19 February 2016.
- ^ New Plans
- ^ "Central Valley Community Bank completes merger with SoCal bank". The San Joaquin Valley Sun. Retrieved 2024-04-11.
- ^ "Community West Bancshares (CWBC.O) People - Reuters.com". Reuters. Retrieved 19 February 2016.