Community West Bancshares

Community West Bancshares
Public
Traded as NASDAQ: CWBC[1]
Industry Financial services
Founded 1996[2]
Headquarters Goleta, California, USA
Key people
 William Peeples
(Chairman)
Martin Plourd
(President & CEO)
Increase US$ 31.309 million (2012)[3]
Increase US$ 3.173 million (2012)[3]
Total assets Increase US$ 532.101 million (2012)[3]
Total equity Increase US$ 53.049 million (2012)[3]
Number of employees
 119(2012)[4]
Website www.communitywest.com

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 wind 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, 2012, the Company had $532.101 million in total assets, $53.049 million in total stockholders' equity and $434.220 million in deposits.[3]

History

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]

Leadership

The main managers are listed as follows:[11]

  • William Peeples - Independent Chairman of the Board
  • Martin Plourd - President, Chief Executive Officer
  • Charles Baltuskonis - Chief Financial Officer

References

  1. ↑ traded symbols
  2. ↑ "Foundation time".
  3. 1 2 3 4 5 "Selected Financial Data".
  4. ↑ "EDGAR Pro". Retrieved 19 February 2016.
  5. 1 2 "Community West Bancshares: NASDAQ:CWBC quotes & news - Google Finance". Retrieved 19 February 2016.
  6. ↑ http://www.treasury.gov/initiatives/financial-stability/TARP-Programs/bank-investment-programs/cap/Contracts%20and%20Agreements/Community%20West%20Bancshares%20PAA.pdf
  7. ↑ "Community West Bancshares (CWBC.O) Company Profile - Reuters.com". Retrieved 19 February 2016.
  8. ↑ "Community West Bank - Corporate Profile". Retrieved 19 February 2016.
  9. 1 2 3 "Community West Bancshares - Investor Relations". Retrieved 19 February 2016.
  10. ↑ New Plans
  11. ↑ "Community West Bancshares (CWBC.O) People - Reuters.com". Retrieved 19 February 2016.
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