Community West Bncsh (CWBC) 7.50 $CWBC
Community West Bancshares Earns $1.3 Million in First Quarter; Book Value Per Common Share Increases to $7.71; Increases Quarterly Cash Dividend 17% to $0.035 Per Common Share
GlobeNewswire - Fri Apr 29, 8:00AM CDT
Community West Bancshares (Community West or the Company), (NASDAQ:CWBC), parent company of Community West Bank (Bank), today reported net income of $1.3 million in the first quarter of 2016 (1Q16) compared to net income of $1.9 million in the fourth quarter of 2015 (4Q15) and $1.8 million in the first quarter a year ago (1Q15).
CWBC: 7.50 (+0.02)
Community West Bancshares Earns $1.9 Million in Fourth Quarter; Results Driven by 10% Annual Loan Growth and Continued Improvement in Asset Quality; Declares Quarterly Cash Dividend of $0.03 Per Common Share
GlobeNewswire - Tue Jan 26, 11:03AM CST
Community West Bancshares (Community West or the Company), (NASDAQ:CWBC), parent company of Community West Bank (Bank), today reported net income of $1.9 million in the fourth quarter of 2015 (4Q15) compared to net income of $1.6 million in the third quarter (3Q15) and $2.2 million in the fourth quarter a year ago (4Q14). For the full year, Community West reported net income of $2.9 million compared to net income of $7.0 million a year ago. Excluding the $7.1 million net loan litigation settlement, Community West's net income for the year would have been $7.0 million. (See page 8 - "Non-Gaap Financial Information"
CWBC: 7.50 (+0.02)
Community West Bancshares Completes Final Redemption of Preferred Stock
GlobeNewswire - Tue Nov 17, 8:00AM CST
Community West Bancshares (Company), (NASDAQ:CWBC), parent company of Community West Bank (Bank), today announced that on November 2, 2015, it redeemed the remaining $5,574,000 of its 9%, Cumulative Perpetual Preferred Stock, Series A. As previously disclosed, the Company finalized a $10 million line at a rate of one-month Libor plus 3.75% to assist in paying for this final redemption and use for other future corporate purposes.
CWBC: 7.50 (+0.02)
Community West Bancshares Announces Final Redemption of Preferred Stock
GlobeNewswire - Thu Oct 01, 8:00AM CDT
Community West Bancshares (Company), (Nasdaq:CWBC), parent company of Community West Bank (Bank), today announced that the Federal Reserve Bank approved the Company's request for permission to redeem the remaining $5,574,000 of its 9%, Cumulative Perpetual Preferred Stock, Series A. The Company has finalized a $10 million line at a rate of one-month Libor plus 3.75% to assist in paying for this final redemption and use for other future corporate purposes.
CWBC: 7.50 (+0.02)
Community West Bank Opens New Loan Production Office in San Luis Obispo
GlobeNewswire - Thu Sep 17, 8:25AM CDT
Community West Bank (the Bank), a wholly owned subsidiary of Community West Bancshares (NASDAQ:CWBC), (the Company), today announced that it has opened a new loan production office in San Luis Obispo. The new office is located at 1977 Santa Barbara Avenue Suite 101, San Luis Obispo and the office phone number is 805-597-3655.
CWBC: 7.50 (+0.02)
Community West Bancshares Reports Second Quarter Results; Highlighted by Strong Loan Growth and Decrease in Nonaccrual Loans, net, to Lowest Level Since 2007; Quarterly Cash Dividend of $0.03 Per Common Share Declared
GlobeNewswire - Thu Jul 23, 8:00AM CDT
Community West Bancshares (Community West or the Company), (NASDAQ:CWBC), parent company of Community West Bank (Bank), today reported that following a net $7.2 million loan litigation settlement, it had a net loss of $2.3 million in the second quarter of 2015 (2Q15) compared to net income of $1.8 million in the first quarter of 2015 (1Q15) and $1.7 million in the second quarter a year ago (2Q14). In the first six months of the year, Community West reported a net loss of $572,000 compared to net income of $3.1 million in the first six months of 2014. Excluding the net loan litigation settlement, Community West's net income for the second quarter and the six-month period would have been $1.9 million and $3.6 million, respectively. (See section on "NON-GAAP FINANCIAL INFORMATION"
CWBC: 7.50 (+0.02)
James W. Lokey Appointed to Community West Bancshares Board of Directors
GlobeNewswire - Mon Jun 29, 8:00AM CDT
Community West Bancshares (NASDAQ:CWBC), the parent company (the Company) of Community West Bank (the Bank), today announced that James W. Lokey has been appointed to its Board of Directors and to the Board of Directors of Community West Bank, the Company's wholly owned subsidiary.
CWBC: 7.50 (+0.02)
Community West Bancshares Announces Resolution of Loan Litigation
GlobeNewswire - Fri Jun 12, 8:00AM CDT
Community West Bancshares (Nasdaq:CWBC), parent company of Community West Bank (CWB), today announced that CWB reached a settlement on June 8, 2015 with Residential Funding Company, LLC ("RFC". The settlement resolves the litigation between RFC and CWB concerning residential mortgage loans sold to RFC. The status of this case has been discussed in quarterly filings commencing with the 10-K for the year ended December 31, 2013.
CWBC: 7.50 (+0.02)
Community West Bancshares Announces Partial Redemption of Preferred Stock
GlobeNewswire - Thu May 28, 8:00AM CDT
Community West Bancshares (Nasdaq:CWBC), parent company of Community West Bank, today announced that, in furtherance of its previously announced Preferred Stock Repayment Strategy, it will redeem another $421,000 of its 9%, Cumulative Perpetual Preferred Stock, Series A, on June 29, 2015, leaving a remaining balance of $5,574,000. This redemption covers all of the remaining Preferred shares owned individually and purchased at a private sale by 4 Directors of the Company. In accordance with a prior agreement, the Company will redeem such shares at 73.9%, or a 26.1% discount from par, which was the same purchase price paid by the 4 Directors. As previously announced, the Company's Board of Directors will consider regular redemptions, and that any such redemptions are subject to regulatory approvals and will be based on the Company's financial condition and results of operations at the time. It is anticipated that any future redemptions would be payable from future earnings.
CWBC: 7.50 (+0.02)
William F. Filippin to Join Community West Bank as EVP & Market President
GlobeNewswire - Wed May 27, 10:19AM CDT
Community West Bancshares (Company), (Nasdaq:CWBC), parent company of Community West Bank (Bank), announced that William F. Filippin will join the Bank as Executive Vice President and Market President for the San Luis Obispo County area on June 1, 2015.
CWBC: 7.50 (+0.02)
Community West Bancshares Earns $1.8 Million in First Quarter; Book Value Per Common Share Increases to $7.50; Increases Quarterly Cash Dividend 50% to $0.03 per Common Share
GlobeNewswire - Fri Apr 24, 8:00AM CDT
Community West Bancshares (Community West or the Company), (Nasdaq:CWBC), parent company of Community West Bank (Bank), today reported net income of $1.8 million in the first quarter of 2015 (1Q15) compared to $2.2 million in the fourth quarter of 2014 (4Q14) and $1.4 million in the first quarter a year ago (1Q14). First quarter pretax income increased to $3.0 million, compared to $2.4 million in the first quarter a year ago.
CWBC: 7.50 (+0.02)
Nasdaq stocks posting largest volume decreases
AP - Wed Mar 25, 5:04PM CDT
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:
SIBC: 21.40 (+0.05), UNB: 33.50 (+0.29), SSFN: 6.36 (+0.01), OVLY: 9.68 (unch), GRIF: 32.29 (+0.05), CWBC: 7.50 (+0.02), SOCB: 14.39 (-0.12), CBIN: 27.37 (+0.16), AMRK: 15.08 (+0.03), CMSB: 13.25 (+0.06), FCLF: 11.95 (+0.02)
Community West Bancshares Earns $2.2 Million in Fourth Quarter and $7.0 Million in 2014; Declares Quarterly Common Stock Dividend
GlobeNewswire - Mon Jan 26, 9:03AM CST
Community West Bancshares (Community West or the Company), (Nasdaq:CWBC), parent company of Community West Bank (Bank), today reported net income of $2.2 million in the fourth quarter of 2014 (4Q14) compared to $1.7 million in the third quarter of 2014 (3Q14) and $3.1 million in the fourth quarter a year ago (4Q13). Community West's results for 4Q13 included a $2.8 million tax benefit as a result of the reversal of its deferred tax asset valuation allowance. Fourth quarter pretax income increased to $3.7 million, compared to $324,000 in the fourth quarter a year ago. For the full year, Community West earned $7.0 million compared to $9.0 million a year ago. Pretax income increased 94% to $12.0 million for 2014 compared to $6.2 million a year ago.
CWBC: 7.50 (+0.02)
Community West Bancshares Earns $1.3 Million in First Quarter; Book Value Per Common Share Increases to $7.71; Increases Quarterly Cash Dividend 17% to $0.035 Per Common Share
GlobeNewswire - Fri Apr 29, 8:00AM CDT
Community West Bancshares (Community West or the Company), (NASDAQ:CWBC), parent company of Community West Bank (Bank), today reported net income of $1.3 million in the first quarter of 2016 (1Q16) compared to net income of $1.9 million in the fourth quarter of 2015 (4Q15) and $1.8 million in the first quarter a year ago (1Q15).
CWBC: 7.50 (+0.02)
Community West Bancshares Earns $1.9 Million in Fourth Quarter; Results Driven by 10% Annual Loan Growth and Continued Improvement in Asset Quality; Declares Quarterly Cash Dividend of $0.03 Per Common Share
GlobeNewswire - Tue Jan 26, 11:03AM CST
Community West Bancshares (Community West or the Company), (NASDAQ:CWBC), parent company of Community West Bank (Bank), today reported net income of $1.9 million in the fourth quarter of 2015 (4Q15) compared to net income of $1.6 million in the third quarter (3Q15) and $2.2 million in the fourth quarter a year ago (4Q14). For the full year, Community West reported net income of $2.9 million compared to net income of $7.0 million a year ago. Excluding the $7.1 million net loan litigation settlement, Community West's net income for the year would have been $7.0 million. (See page 8 - "Non-Gaap Financial Information"
CWBC: 7.50 (+0.02)
Community West Bancshares Completes Final Redemption of Preferred Stock
GlobeNewswire - Tue Nov 17, 8:00AM CST
Community West Bancshares (Company), (NASDAQ:CWBC), parent company of Community West Bank (Bank), today announced that on November 2, 2015, it redeemed the remaining $5,574,000 of its 9%, Cumulative Perpetual Preferred Stock, Series A. As previously disclosed, the Company finalized a $10 million line at a rate of one-month Libor plus 3.75% to assist in paying for this final redemption and use for other future corporate purposes.
CWBC: 7.50 (+0.02)
Community West Bancshares Announces Final Redemption of Preferred Stock
GlobeNewswire - Thu Oct 01, 8:00AM CDT
Community West Bancshares (Company), (Nasdaq:CWBC), parent company of Community West Bank (Bank), today announced that the Federal Reserve Bank approved the Company's request for permission to redeem the remaining $5,574,000 of its 9%, Cumulative Perpetual Preferred Stock, Series A. The Company has finalized a $10 million line at a rate of one-month Libor plus 3.75% to assist in paying for this final redemption and use for other future corporate purposes.
CWBC: 7.50 (+0.02)
Community West Bank Opens New Loan Production Office in San Luis Obispo
GlobeNewswire - Thu Sep 17, 8:25AM CDT
Community West Bank (the Bank), a wholly owned subsidiary of Community West Bancshares (NASDAQ:CWBC), (the Company), today announced that it has opened a new loan production office in San Luis Obispo. The new office is located at 1977 Santa Barbara Avenue Suite 101, San Luis Obispo and the office phone number is 805-597-3655.
CWBC: 7.50 (+0.02)
Community West Bancshares Reports Second Quarter Results; Highlighted by Strong Loan Growth and Decrease in Nonaccrual Loans, net, to Lowest Level Since 2007; Quarterly Cash Dividend of $0.03 Per Common Share Declared
GlobeNewswire - Thu Jul 23, 8:00AM CDT
Community West Bancshares (Community West or the Company), (NASDAQ:CWBC), parent company of Community West Bank (Bank), today reported that following a net $7.2 million loan litigation settlement, it had a net loss of $2.3 million in the second quarter of 2015 (2Q15) compared to net income of $1.8 million in the first quarter of 2015 (1Q15) and $1.7 million in the second quarter a year ago (2Q14). In the first six months of the year, Community West reported a net loss of $572,000 compared to net income of $3.1 million in the first six months of 2014. Excluding the net loan litigation settlement, Community West's net income for the second quarter and the six-month period would have been $1.9 million and $3.6 million, respectively. (See section on "NON-GAAP FINANCIAL INFORMATION"
CWBC: 7.50 (+0.02)
James W. Lokey Appointed to Community West Bancshares Board of Directors
GlobeNewswire - Mon Jun 29, 8:00AM CDT
Community West Bancshares (NASDAQ:CWBC), the parent company (the Company) of Community West Bank (the Bank), today announced that James W. Lokey has been appointed to its Board of Directors and to the Board of Directors of Community West Bank, the Company's wholly owned subsidiary.
CWBC: 7.50 (+0.02)
Community West Bancshares Announces Resolution of Loan Litigation
GlobeNewswire - Fri Jun 12, 8:00AM CDT
Community West Bancshares (Nasdaq:CWBC), parent company of Community West Bank (CWB), today announced that CWB reached a settlement on June 8, 2015 with Residential Funding Company, LLC ("RFC"
. The settlement resolves the litigation between RFC and CWB concerning residential mortgage loans sold to RFC. The status of this case has been discussed in quarterly filings commencing with the 10-K for the year ended December 31, 2013. CWBC: 7.50 (+0.02)
Community West Bancshares Announces Partial Redemption of Preferred Stock
GlobeNewswire - Thu May 28, 8:00AM CDT
Community West Bancshares (Nasdaq:CWBC), parent company of Community West Bank, today announced that, in furtherance of its previously announced Preferred Stock Repayment Strategy, it will redeem another $421,000 of its 9%, Cumulative Perpetual Preferred Stock, Series A, on June 29, 2015, leaving a remaining balance of $5,574,000. This redemption covers all of the remaining Preferred shares owned individually and purchased at a private sale by 4 Directors of the Company. In accordance with a prior agreement, the Company will redeem such shares at 73.9%, or a 26.1% discount from par, which was the same purchase price paid by the 4 Directors. As previously announced, the Company's Board of Directors will consider regular redemptions, and that any such redemptions are subject to regulatory approvals and will be based on the Company's financial condition and results of operations at the time. It is anticipated that any future redemptions would be payable from future earnings.
CWBC: 7.50 (+0.02)
William F. Filippin to Join Community West Bank as EVP & Market President
GlobeNewswire - Wed May 27, 10:19AM CDT
Community West Bancshares (Company), (Nasdaq:CWBC), parent company of Community West Bank (Bank), announced that William F. Filippin will join the Bank as Executive Vice President and Market President for the San Luis Obispo County area on June 1, 2015.
CWBC: 7.50 (+0.02)
Community West Bancshares Earns $1.8 Million in First Quarter; Book Value Per Common Share Increases to $7.50; Increases Quarterly Cash Dividend 50% to $0.03 per Common Share
GlobeNewswire - Fri Apr 24, 8:00AM CDT
Community West Bancshares (Community West or the Company), (Nasdaq:CWBC), parent company of Community West Bank (Bank), today reported net income of $1.8 million in the first quarter of 2015 (1Q15) compared to $2.2 million in the fourth quarter of 2014 (4Q14) and $1.4 million in the first quarter a year ago (1Q14). First quarter pretax income increased to $3.0 million, compared to $2.4 million in the first quarter a year ago.
CWBC: 7.50 (+0.02)
Nasdaq stocks posting largest volume decreases
AP - Wed Mar 25, 5:04PM CDT
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:
SIBC: 21.40 (+0.05), UNB: 33.50 (+0.29), SSFN: 6.36 (+0.01), OVLY: 9.68 (unch), GRIF: 32.29 (+0.05), CWBC: 7.50 (+0.02), SOCB: 14.39 (-0.12), CBIN: 27.37 (+0.16), AMRK: 15.08 (+0.03), CMSB: 13.25 (+0.06), FCLF: 11.95 (+0.02)
Community West Bancshares Earns $2.2 Million in Fourth Quarter and $7.0 Million in 2014; Declares Quarterly Common Stock Dividend
GlobeNewswire - Mon Jan 26, 9:03AM CST
Community West Bancshares (Community West or the Company), (Nasdaq:CWBC), parent company of Community West Bank (Bank), today reported net income of $2.2 million in the fourth quarter of 2014 (4Q14) compared to $1.7 million in the third quarter of 2014 (3Q14) and $3.1 million in the fourth quarter a year ago (4Q13). Community West's results for 4Q13 included a $2.8 million tax benefit as a result of the reversal of its deferred tax asset valuation allowance. Fourth quarter pretax income increased to $3.7 million, compared to $324,000 in the fourth quarter a year ago. For the full year, Community West earned $7.0 million compared to $9.0 million a year ago. Pretax income increased 94% to $12.0 million for 2014 compared to $6.2 million a year ago.
CWBC: 7.50 (+0.02)
