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]
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.
The main managers are listed as follows: [12]