Community West Bancshares

Community West Bancshares Reports Earnings Results for the Quarter Ended March 31, 2024, and Quarterly Dividend

Retrieved on:

Thursday, April 18, 2024

Banking, Professional Services, Finance, Community West Bancshares, Acquisition

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 $3,676,000, and fully diluted earnings per common share of $0.31 for the three months ended March 31, 2024, compared to $6,970,000 and $0.59 per fully diluted common share for the three months ended March 31, 2023.

Key Points:

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 $3,676,000, and fully diluted earnings per common share of $0.31 for the three months ended March 31, 2024, compared to $6,970,000 and $0.59 per fully diluted common share for the three months ended March 31, 2023.
On April 1, 2024, the Company, formerly named Central Valley Community Bancorp, completed its acquisition of Community West Bancshares and its wholly owned subsidiary, Community West Bank.
Effective with the acquisition, the Company assumed the names Community West Bancshares and Community West Bank to reflect its expanded Central California territory.
For the full release, please visit one of the following: Community West Bank News Room https://www.cvcb.com/about-us/news-room or CWBC Investor Relations https://ir.cvcb.com/news-market-information/press-releases/default.aspx .

Central Valley Community Bancorp Completes Community West Bancshares Merger, Adopts Name, Announces Board and Executive Reorganization

Retrieved on:

Monday, April 1, 2024

Banking, Professional Services, Finance, Community, EVP, Central Coast, Community West Bancshares, Community Bank, Region, Multimedia, Management

The Board of Directors of Central Valley Community Bancorp (Central Valley), the parent company of Central Valley Community Bank (CVCB), headquartered in Fresno, California, announced today the successful completion of the merger with Community West Bancshares (Community West), the parent company of Community West Bank (the Bank), headquartered in Goleta, California, effective April 1, 2024.

Key Points:

The Board of Directors of Central Valley Community Bancorp (Central Valley), the parent company of Central Valley Community Bank (CVCB), headquartered in Fresno, California, announced today the successful completion of the merger with Community West Bancshares (Community West), the parent company of Community West Bank (the Bank), headquartered in Goleta, California, effective April 1, 2024.
Community West Bancshares merged with and into Central Valley Community Bancorp, and Community West Bank merged with and into Central Valley Community Bank, creating a combined company in an all-stock merger transaction.
View the full release here: https://www.businesswire.com/news/home/20240401047471/en/
Central Valley Community Bancorp Completes Community West Bancshares Merger, Adopts Name, Announces Board and Executive Reorganization (Graphic: Business Wire)
Community West shareholders receive 0.79 shares of Central Valley common stock for each share of Community West common stock, while Central Valley assumes Community West’s outstanding stock options.
Central Valley Community Bancorp assumes the name Community West Bancshares and its NASDAQ ticker symbol (CWBC), and Central Valley Community Bank assumes the name Community West Bank to reflect the combined company’s expanded territory.

Central Valley Community Bancorp and Community West Bancshares Announce Receipt of Shareholder Approval for Merger

Retrieved on:

Friday, February 9, 2024

Banking, Professional Services, Finance, Organization, History, Community West Bancshares, Community Bank, CWB

Central Valley Community Bancorp (Central Valley), (NASDAQ: CVCY), headquartered in Fresno, California, together with its banking subsidiary, Central Valley Community Bank (CVCB) and Community West Bancshares (Community West), (NASDAQ: CWBC), parent company of Community West Bank (CWB), headquartered in Goleta, California, announced today that shareholders of both companies approved the merger of Community West with and into Central Valley, with Central Valley as the resulting company, and Community West Bank with and into Central Valley Community Bank at special meetings held on February 8, 2024.

Key Points:

Central Valley Community Bancorp (Central Valley), (NASDAQ: CVCY), headquartered in Fresno, California, together with its banking subsidiary, Central Valley Community Bank (CVCB) and Community West Bancshares (Community West), (NASDAQ: CWBC), parent company of Community West Bank (CWB), headquartered in Goleta, California, announced today that shareholders of both companies approved the merger of Community West with and into Central Valley, with Central Valley as the resulting company, and Community West Bank with and into Central Valley Community Bank at special meetings held on February 8, 2024.
Following the closing of the merger, the resulting company will assume the name Community West Bancshares, and Central Valley Community Bank will assume the name Community West Bank to reflect the expanded territory of the combined company.
“Shareholder approval from both banks confirms their confidence in the merger and brings us one step closer to uniting our two great organizations,” stated James J. Kim, President and CEO of Central Valley Community Bancorp and Central Valley Community Bank.
The shared values, corporate cultures and impressive history of both banks will bring greater opportunity to shareholders, clients, employees and the community,” stated Martin E. Plourd, CEO and Director of Community West Bancshares and Community West Bank.

Central Valley Community Bancorp Reports Earnings Results for the Year and Quarter Ended December 31, 2023, and Quarterly Dividend

Retrieved on:

Thursday, January 18, 2024

Banking, Professional Services, Finance, Bank, Mergers and acquisitions, Community Bank, Community West Bancshares

The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), reported today results for the year and quarter ended December 31, 2023, and quarterly dividend.

Key Points:

The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), reported today results for the year and quarter ended December 31, 2023, and quarterly dividend.
The Company also announced that all required regulatory approvals have been received for the Merger Agreement dated October 10, 2023 with Community West Bancshares, a California corporation (“Community West”).
Pursuant to the terms of the Merger Agreement, Community West will be merged with and into Central Valley Community Bancorp, with the Company as the surviving institution.
For the full release, please visit one of the following: CVCB News Room https://www.cvcb.com/about-us/news-room or CVCB Investor Relations https://ir.cvcb.com/news-market-information/press-releases/default.aspx .

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates WAVD, CWBC, CNSL

Retrieved on:

Monday, January 1, 2024

Sale, Searchlight Capital, Fraud, My Little Pony, Advertising, Community West Bancshares, Consolidated Communications, Crown corporations of Canada, Security (finance)

If you are a WaveDancer shareholder, click here to learn more about your rights and options .

Key Points:

If you are a WaveDancer shareholder, click here to learn more about your rights and options .
If you are a Community West shareholder, click here to learn more about your rights and options .
Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

COMMUNITY WEST INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Community West Bancshares -CWBC

Retrieved on:

Friday, December 29, 2023

Class Action Lawsuit, Professional Services, Legal, Community West Bancshares, KSF, Sale

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Community West Bancshares (NasdaqGM: CWBC) to Central Valley Community Bancorp (NasdaqCM: CVCY).

Key Points:

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Community West Bancshares (NasdaqGM: CWBC) to Central Valley Community Bancorp (NasdaqCM: CVCY).
Under the terms of the proposed transaction, shareholders of Community West will receive 0.79 shares of Central Valley for each share of Community West that they own.
KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates BSQR, CWBC, CVCY

Retrieved on:

Sunday, October 22, 2023

Sale, Community West Bancshares, Fraud, Advertising, Security (finance), Bsquare

If you are a Bsquare shareholder, click here to learn more about your rights and options .

Key Points:

If you are a Bsquare shareholder, click here to learn more about your rights and options .
If you are a Community West shareholder, click here to learn more about your rights and options .
Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PXD, BSQR, CWBC, CVCY

Retrieved on:

Sunday, October 15, 2023

Sale, Community West Bancshares, NYSE, ExxonMobil, Fraud, Pioneer Natural Resources, Advertising, Security (finance), Pioneer, Bsquare

If you are a Pioneer shareholder, click here to learn more about your rights and options .

Key Points:

If you are a Pioneer shareholder, click here to learn more about your rights and options .
If you are a Bsquare shareholder, click here to learn more about your rights and options .
If you are a Community West shareholder, click here to learn more about your rights and options .
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

COMMUNITY WEST INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Community West Bancshares - CWBC

Retrieved on:

Friday, October 13, 2023

Class Action Lawsuit, Professional Services, Legal, Community West Bancshares, KSF, Sale

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Community West Bancshares (NasdaqGM: CWBC) to Central Valley Community Bancorp (NasdaqCM: CVCY).

Key Points:

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Community West Bancshares (NasdaqGM: CWBC) to Central Valley Community Bancorp (NasdaqCM: CVCY).
Under the terms of the proposed transaction, shareholders of Community West will receive 0.79 shares of Central Valley for each share of Community West that they own.
KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

CVCY Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Central Valley Community Bancorp Is Fair to Shareholders

Retrieved on:

Wednesday, October 11, 2023

Legal, Professional Services, Community West Bancshares, Fraud, Advertising, Security (finance)

Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Central Valley Community Bancorp (NASDAQ: CVCY) and Community West Bancshares is fair to Central Valley shareholders.

Key Points:

Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Central Valley Community Bancorp (NASDAQ: CVCY) and Community West Bancshares is fair to Central Valley shareholders.
Following the proposed transaction, existing Central Valley shareholders will own approximately 63% of the outstanding shares of the combined company.
The investigation concerns whether Central Valley and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Central Valley shareholders; and (2) disclose all material information necessary for Central Valley shareholders to adequately assess and value the merger consideration.
On behalf of Central Valley shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.