Community West Bancshares Reports Earnings Results for the Quarter Ended September 30, 2024, and Quarterly Dividend
24 Ottobre 2024 - 10:00PM
Business Wire
The Board of Directors of Community West Bancshares (“Company”)
(NASDAQ: CWBC), the parent company of Community West Bank (“Bank”),
reported today unaudited consolidated net income of $3,385,000, and
diluted earnings per common share of $0.18 for the three months
ended September 30, 2024, compared to $6,390,000 and $0.54 per
diluted common share for the three months ended September 30, 2023.
For the full release, please visit one of the following: Community
West Bank Newsroom https://www.communitywestbank.com/about/newsroom
or CWBC Investor Relations
https://ir.cvcb.com/news-market-information/press-releases/default.aspx.
Company Overview
Effective on April 1, 2024, Central Valley Community Bancorp
completed its merger transaction with Community West Bancshares.
Shortly thereafter Community West Bank, a wholly owned subsidiary
of Community West Bancshares, merged with and into Central Valley
Community Bank, a wholly-owned subsidiary of Central Valley
Community Bancorp, with Central Valley Community Bank being the
surviving banking institution. Effective with these mergers, the
corporate names of Central Valley Community Bancorp and Central
Valley Community Bank were changed to Community West Bancshares and
Community West Bank, respectively.
Community West Bancshares (“Company”) (NASDAQ: CWBC) and its
wholly owned subsidiary, Community West Bank (“Bank”), are
headquartered in Fresno, California. The Company was established in
1979 with the vision to help businesses and communities by
exceeding expectations at every opportunity, and opened its first
Banking Center on January 10, 1980. Today, the Bank operates
full-service Banking Centers throughout Central California and
maintains a variety of departments supporting Commercial Lending,
Agribusiness, SBA, Residential Construction and Mortgage,
Manufactured Housing, Private Banking and Cash Management.
Members of the Company and Bank Board of Directors are: Daniel
J. Doyle (Chairman), Robert H. Bartlein (Vice Chairman), James J.
Kim (CEO of the Company and President and CEO of the Bank), Martin
E. Plourd (President of the Company and Director of the Bank),
Suzanne M. Chadwick, Daniel N. Cunningham, Tom L. Dobyns, F.T.
“Tommy” Elliott IV, Robert J. Flautt, James W. Lokey, Andriana D.
Majarian, Steven D. McDonald, Dorothea D. Silva, William S.
Smittcamp and Kirk B. Stovesand. Louis C. McMurray is Director
Emeritus.
More information about Community West Bancshares and Community
West Bank can be found at www.communitywestbank.com. Also, follow
the Company on LinkedIn, X and Facebook.
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version on businesswire.com: https://www.businesswire.com/news/home/20241024657395/en/
Investor Contact: Shannon Livingston Executive Vice
President, Chief Financial Officer Community West Bancshares
916-235-4617
Media Contact: Debbie Nalchajian-Cohen Public Relations
Community West Bancshares 559-222-1322
Grafico Azioni Community West Bancshares (NASDAQ:CWBC)
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Da Ott 2024 a Nov 2024
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