| Community West Bancshares | |
| Type: | Public |
| Traded As: | NASDAQ: |
| Industry: | Financial services |
| Foundation: | [1] |
| Location: | Goleta, California, US |
| Key People: | William Peeples (chairman) Martin Plourd (president & CEO) |
| Operating Income: | US$ 31.309 million (2012)[2] |
| Net Income: | US$ 8.245 million (2020) |
| Assets: | US$ 975.435 million (2020) |
| Equity: | US$ 89.0 million (2020) |
| Num Employees: | 119(2012)[3] |
Community West Bancshares is a registered bank holding company headquartered in California.[4] It wholly owns Community West Bank under the Bank Holding Company Act.[4] [5]
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.[6] 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.[2]
Community West Bank was established in 1989 to provide financial services including relationship banking, mortgage lending and SBA lending.[7] On November 26, 1996, Community West Bancshares was incorporated as the bank holding company for Community West Bank.[8]
On December 31, 1997, Community West Bancshares completed the acquisition of Goleta National Bank.[8] On September 1, 2004, the bank changed its name to Community West Bank, also the currently name.[8]
On May 14, 2013, the company declared plans to consolidate the Roseville SBA administrative office functions into the existing loan servicing operations in Goleta.[9]
In April 2024, it was announced that Community West Bancshares had merged its operations with Central Valley Community Bank, totaling 27 locations.[10] The agreement was valued at 143 million dollars.
The main managers are listed as follows:[11]