Commercewest Bk [Ca] (CWBK) 16.1000 $CWBK
CommerceWest Bank Reports Net Income Growth of 24% for Second Quarter 2016
PR Newswire - Mon Jul 25, 6:07AM CDT
CommerceWest Bank (OTCBB: CWBK) reported net income for the three months ended June 30, 2016 of $1,256,000 or $0.30 per common share, compared with net income of $1,011,000 or $0.24 per common share for the three months ended June 30, 2015, an EPS increase of 25%. Net income for the six months ended June 30, 2016 was $2,309,000 or $0.55 per common share, compared with net income of $2,012,000 or $0.48 per common share for the six months ended June 30, 2015, an EPS increase of 15%.
CommerceWest Bank Partnered With Tim Salmon To Serve At Risk Children and Youth
PR Newswire - Mon Jul 11, 12:58PM CDT
CommerceWest Bank (OTCBB:CWBK) partnered with Tim Salmon to serve at risk children and youth. Tim Salmon founded the Tim Salmon Foundation during his playing days with the Angels. The Tim Salmon Foundation serves at risk children and youth of Concept 7 and Laurel House. Concept 7 is a foster family and adoption agency that seeks to ease the suffering of abused and neglected children. Laurel House is a youth shelter program for teen girls at risk of homelessness or who are runways.
CommerceWest Bank Made An Inaugural Equity Investment to Clearinghouse CDFI in the Amount of $250,000 to Benefit Distressed Communities in Southern California
PR Newswire - Thu Jun 09, 4:00PM CDT
CommerceWest Bank (OTCBB: CWBK) made an inaugural equity investment to Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) in the amount of $250,000. The investment will benefit distressed communities throughout Southern California. The investment will increase Clearinghouse CDFI's ability to continue to address unmet credit needs in the community's distressed areas. CommerceWest Bank is a full-service commercial bank focused on meeting the needs of the business community. Both Clearinghouse CDFI and CommerceWest Bank have served the Southern California area for over 15 years.
Clearinghouse CDFI Announces Inaugural Investment from CommerceWest Bank
GlobeNewswire - Thu Jun 09, 12:02PM CDT
via PRWEB - Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today an inaugural equity investment from new Class A shareholder CommerceWest Bank in the amount of $250,000. CommerceWest Bank is a full-service commercial bank focused on meeting the needs of the business community. Both Clearinghouse CDFI and CommerceWest Bank have served the Southern California area for over 15 years. This new investment increases Clearinghouse CDFI's ability to continue addressing unmet credit needs in the community's distressed areas.
New Strong Sell Stocks for May 26th
Swarup Gupta - Zacks Investment Research - Thu May 26, 9:27AM CDT
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List for Thursday
CRMT: 35.08 (-0.20), BPY: 24.50 (+0.78), ILMN: 166.35 (-0.07), DXPE: 16.64 (-0.01)
CommerceWest Bank Empowered Employment Success by Supporting Women Helping Women
PR Newswire - Sat Apr 30, 12:55PM CDT
CommerceWest Bank (OTCBB:CWBK) empowered employment success for the unemployed and underemployed by supporting Women Helping Women (WHW). WHW provides skills and resources for the unemployed and underemployed to get and keep a good job. Their job seekers include survivors of domestic violence, veterans, at-risk youth and many more individuals.
CommerceWest Bank Reports 11% Loan Growth, 15% NIB Deposit Growth and 12% Net Interest Income Growth for First Quarter 2016
PR Newswire - Tue Apr 26, 7:00AM CDT
CommerceWest Bank (OTCBB: CWBK) reported net income for the three months ended March 31, 2016 of $1,053,000 or $0.25 per common share, compared with net income of $1,001,000 or $0.24 per common share for the three months ended March 31, 2015, an EPS increase of 4%.
Zacks Industry Outlook Highlights: Wells Fargo, Citigroup, Commerce West Bank, N.A., OFG Bancorp and Franklin Financial Network
Zacks Equity Research - Zacks Investment Research - Thu Apr 07, 8:30AM CDT
Zacks Industry Outlook Highlights: Wells Fargo, Citigroup, Commerce West Bank, N.A., OFG Bancorp and Franklin Financial Network
OFG: 10.61 (-0.05), FSB: 33.88 (+0.28), C: 43.81 (-0.27), WFC: 47.97 (-0.16)
CommerceWest Bank Joined United Cerebral Palsy to Help Provide Specialized Care For Children With Disabilities
PR Newswire - Sat Apr 02, 4:02PM CDT
CommerceWest Bank (OTCBB:CWBK) joined United Cerebral Palsy (UCP) of Orange County to help provide specialized care for children with disabilities. Their annual "Life Without Limits" event raises much needed funds to improve the quality of life for children with disabilities, while helping them reach their full potential.
CommerceWest Bank Supported Children Fighting Cancer to Never Ever Give Up
PR Newswire - Fri Mar 11, 7:42PM CST
CommerceWest Bank (OTCBB:CWBK) supported the Jessie Rees Foundation and children fighting cancer to Never Ever Give Up. The Jessie Rees Foundation connects families, brings awareness to their stories and offers resources to children and the families fighting cancer.
CommerceWest Bank reports Q4 2015 earnings of USD1.5m
M2 - Wed Feb 10, 6:28AM CST
CommerceWest Bank (OTCBB: CWBK) has reported pre-tax earnings of USD1,527,000 for the three months ended December 31, 2015 as compared to USD303,000 for the three months ended December 31, 2014, representing an increase of 404 percent, the company said. Pre-tax earnings for the twelve months ended December 31, 2015 were USD6,572,000 as compared to USD4,174,000 million for the twelve months ended December 31, 2014, an increase of 57 percent. Tax benefits associated with a past acquisition have been fully realized and the bank is now accruing income taxes in 2015. Net income for the three months ended December 31, 2015 was USD962,000 or USD0.23 diluted earnings per share and net income for the twelve months ended December 31, 2015 was USD4,111,000 or USD0.98 diluted earnings per share. Key Financial Results for the year ended December 31, 2015 include: o Net interest income of USD16.2 million, up 16 percent o Non-interest income of USD3.6 million, up 11 percent o Pre-tax income of USD6.6 million, up 57 percent o Total loan growth of USD47.6 million, up 17 percent o Non-interest bearing deposit growth of USD41.5 million, up 19 percent o Total deposit growth of USD110.0 million, up 31 percent o Total asset growth of USD106.2 million, up 25 percent o Nonperforming assets as a percent of total assets of 0.00 percent Financial performance highlights for the three months ended December 31, 2015 include: o Interest income of USD4.6 million, up 19 percent o Net interest income of USD4.3 million, up 22 percent o Pre-tax income of USD1.5 million, up 404 percent o Efficiency ratio of 67.64 percent, a decrease of 25 percent CommerceWest Bank is a California-based commercial bank serving businesses throughout California with an emphasis on clients in Orange, San Diego, Los Angeles, and Riverside Counties.
CommerceWest Bank Reports 17% Loan Growth, 31% Deposit Growth, and a 57% increase in Pre-tax Income for the Year Ended December 31, 2015
PR Newswire - Wed Feb 03, 7:00AM CST
CommerceWest Bank (OTCBB: CWBK) reported pre-tax earnings of $1,527,000 for the three months ended December 31, 2015 as compared to $303,000 for the three months ended December 31, 2014, an increase of 404%. Pre-tax earnings for the twelve months ended December 31, 2015 were $6,572,000 as compared to $4,174,000 million for the twelve months ended December 31, 2014, an increase of 57%.
Looking for a Top Momentum Stock? 3 Reasons Why Commerce West Bank (CWBK) is a Great Choice
Zacks Equity Research - Zacks Investment Research - Tue Dec 15, 7:44AM CST
Commerce West Bank (CWBK) is an impressive stock as it has a strong Momentum Score, favorable Zacks Rank and is also seeing positive estimate revisions.
CommerceWest Bank Announces 21% Loan Growth, and 25% Deposit Growth for 3rd Quarter 2015
PR Newswire - Tue Oct 27, 4:00AM CDT
CommerceWest Bank (OTCBB: CWBK) reported pre-tax earnings of $1,831,000 for the three months ended September 30, 2015 as compared to $1,347,000 for the three months ended September 30, 2014, an increase of 36%. Pre-tax earnings for the nine months ended September 30, 2015 were $5,045,000 as compared to $3,871,000 million for the nine months ended September 30, 2014, an increase of 30%.
CommerceWest Bank Sponsored the Critical Mass for Business Executive Conference
PR Newswire - Mon Oct 05, 9:02AM CDT
CommerceWest Bank (OTCBB:CWBK) sponsored the Critical Mass Executive Conference, "Growing Your Revenue in New Markets." The event aimed to connect Orange County CEOs and business executives in order to help them gain valuable ideas and strategies for growing revenue.
CommerceWest Bank Proudly Supported Local Charities
PR Newswire - Sun Oct 04, 5:26PM CDT
CommerceWest Bank (OTCBB:CWBK) proudly supported local charities that work with children and individuals with disabilities. Seneca Orange County and Speech and Language Development Center were the beneficiaries of the I Padrini di Antonello 10th Annual Benefit, "An Evening Under the Stars." Seneca Orange County has a bold and innovative mission to provide unconditional care to help children through the most difficult times of their lives. Speech and Language Development Center serves children and young adults who have special needs in language, learning and/or behavior.
Ivo Tjan of CommerceWest Bank Presented a 2015 Economic Outlook for the Small Business Administration (SBA) and the City of Cypress
PR Newswire - Wed Sep 30, 10:01AM CDT
Ivo Tjan, Chairman and CEO of CommerceWest Bank (OTCBB:CWBK) presented a 2015 Economic Outlook for the Small Business Administration (SBA) and the City of Cypress BRACE & AGENTS Program. The BRACE Program promotes the principles of Business Retention, Attraction, Creation and Expansion. The AGENT Program stands for Assist, Grow, Educate, Network and Thrive. It provides support for the City's medium sized companies and businesses.
CommerceWest Bank Ranked as the 2nd Healthiest Bank in America for 2015
PR Newswire - Mon Aug 17, 2:29PM CDT
CommerceWest Bank (OTCBB:CWBK) ranked as the 2nd healthiest bank in America for 2015 by DepositAccounts.com. DepositAccounts.com evaluates the financial health of banks and credit unions. The financial health of a bank is important especially for people that maintain balances over the $250,000 maximum insured limit.
CommerceWest Bank Announces Net Income of $1 Million, 14% Loan Growth, 31% Deposit Growth for 2nd Quarter 2015
PR Newswire - Tue Jul 28, 6:38PM CDT
CommerceWest Bank (OTCBB: CWBK) reported net income for the six months ended June 30, 2015 of $2,012,000 or $0.48 diluted earnings per share and net income for three months ended June 30, 2015 of $1,011,000 or $0.24 diluted earnings per share.
CommerceWest Bank Reports Net Income Growth of 24% for Second Quarter 2016
PR Newswire - Mon Jul 25, 6:07AM CDT
CommerceWest Bank (OTCBB: CWBK) reported net income for the three months ended June 30, 2016 of $1,256,000 or $0.30 per common share, compared with net income of $1,011,000 or $0.24 per common share for the three months ended June 30, 2015, an EPS increase of 25%. Net income for the six months ended June 30, 2016 was $2,309,000 or $0.55 per common share, compared with net income of $2,012,000 or $0.48 per common share for the six months ended June 30, 2015, an EPS increase of 15%.
CommerceWest Bank Partnered With Tim Salmon To Serve At Risk Children and Youth
PR Newswire - Mon Jul 11, 12:58PM CDT
CommerceWest Bank (OTCBB:CWBK) partnered with Tim Salmon to serve at risk children and youth. Tim Salmon founded the Tim Salmon Foundation during his playing days with the Angels. The Tim Salmon Foundation serves at risk children and youth of Concept 7 and Laurel House. Concept 7 is a foster family and adoption agency that seeks to ease the suffering of abused and neglected children. Laurel House is a youth shelter program for teen girls at risk of homelessness or who are runways.
CommerceWest Bank Made An Inaugural Equity Investment to Clearinghouse CDFI in the Amount of $250,000 to Benefit Distressed Communities in Southern California
PR Newswire - Thu Jun 09, 4:00PM CDT
CommerceWest Bank (OTCBB: CWBK) made an inaugural equity investment to Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) in the amount of $250,000. The investment will benefit distressed communities throughout Southern California. The investment will increase Clearinghouse CDFI's ability to continue to address unmet credit needs in the community's distressed areas. CommerceWest Bank is a full-service commercial bank focused on meeting the needs of the business community. Both Clearinghouse CDFI and CommerceWest Bank have served the Southern California area for over 15 years.
Clearinghouse CDFI Announces Inaugural Investment from CommerceWest Bank
GlobeNewswire - Thu Jun 09, 12:02PM CDT
via PRWEB - Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today an inaugural equity investment from new Class A shareholder CommerceWest Bank in the amount of $250,000. CommerceWest Bank is a full-service commercial bank focused on meeting the needs of the business community. Both Clearinghouse CDFI and CommerceWest Bank have served the Southern California area for over 15 years. This new investment increases Clearinghouse CDFI's ability to continue addressing unmet credit needs in the community's distressed areas.
New Strong Sell Stocks for May 26th
Swarup Gupta - Zacks Investment Research - Thu May 26, 9:27AM CDT
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List for Thursday
CRMT: 35.08 (-0.20), BPY: 24.50 (+0.78), ILMN: 166.35 (-0.07), DXPE: 16.64 (-0.01)
CommerceWest Bank Empowered Employment Success by Supporting Women Helping Women
PR Newswire - Sat Apr 30, 12:55PM CDT
CommerceWest Bank (OTCBB:CWBK) empowered employment success for the unemployed and underemployed by supporting Women Helping Women (WHW). WHW provides skills and resources for the unemployed and underemployed to get and keep a good job. Their job seekers include survivors of domestic violence, veterans, at-risk youth and many more individuals.
CommerceWest Bank Reports 11% Loan Growth, 15% NIB Deposit Growth and 12% Net Interest Income Growth for First Quarter 2016
PR Newswire - Tue Apr 26, 7:00AM CDT
CommerceWest Bank (OTCBB: CWBK) reported net income for the three months ended March 31, 2016 of $1,053,000 or $0.25 per common share, compared with net income of $1,001,000 or $0.24 per common share for the three months ended March 31, 2015, an EPS increase of 4%.
Zacks Industry Outlook Highlights: Wells Fargo, Citigroup, Commerce West Bank, N.A., OFG Bancorp and Franklin Financial Network
Zacks Equity Research - Zacks Investment Research - Thu Apr 07, 8:30AM CDT
Zacks Industry Outlook Highlights: Wells Fargo, Citigroup, Commerce West Bank, N.A., OFG Bancorp and Franklin Financial Network
OFG: 10.61 (-0.05), FSB: 33.88 (+0.28), C: 43.81 (-0.27), WFC: 47.97 (-0.16)
CommerceWest Bank Joined United Cerebral Palsy to Help Provide Specialized Care For Children With Disabilities
PR Newswire - Sat Apr 02, 4:02PM CDT
CommerceWest Bank (OTCBB:CWBK) joined United Cerebral Palsy (UCP) of Orange County to help provide specialized care for children with disabilities. Their annual "Life Without Limits" event raises much needed funds to improve the quality of life for children with disabilities, while helping them reach their full potential.
CommerceWest Bank Supported Children Fighting Cancer to Never Ever Give Up
PR Newswire - Fri Mar 11, 7:42PM CST
CommerceWest Bank (OTCBB:CWBK) supported the Jessie Rees Foundation and children fighting cancer to Never Ever Give Up. The Jessie Rees Foundation connects families, brings awareness to their stories and offers resources to children and the families fighting cancer.
CommerceWest Bank reports Q4 2015 earnings of USD1.5m
M2 - Wed Feb 10, 6:28AM CST
CommerceWest Bank (OTCBB: CWBK) has reported pre-tax earnings of USD1,527,000 for the three months ended December 31, 2015 as compared to USD303,000 for the three months ended December 31, 2014, representing an increase of 404 percent, the company said. Pre-tax earnings for the twelve months ended December 31, 2015 were USD6,572,000 as compared to USD4,174,000 million for the twelve months ended December 31, 2014, an increase of 57 percent. Tax benefits associated with a past acquisition have been fully realized and the bank is now accruing income taxes in 2015. Net income for the three months ended December 31, 2015 was USD962,000 or USD0.23 diluted earnings per share and net income for the twelve months ended December 31, 2015 was USD4,111,000 or USD0.98 diluted earnings per share. Key Financial Results for the year ended December 31, 2015 include: o Net interest income of USD16.2 million, up 16 percent o Non-interest income of USD3.6 million, up 11 percent o Pre-tax income of USD6.6 million, up 57 percent o Total loan growth of USD47.6 million, up 17 percent o Non-interest bearing deposit growth of USD41.5 million, up 19 percent o Total deposit growth of USD110.0 million, up 31 percent o Total asset growth of USD106.2 million, up 25 percent o Nonperforming assets as a percent of total assets of 0.00 percent Financial performance highlights for the three months ended December 31, 2015 include: o Interest income of USD4.6 million, up 19 percent o Net interest income of USD4.3 million, up 22 percent o Pre-tax income of USD1.5 million, up 404 percent o Efficiency ratio of 67.64 percent, a decrease of 25 percent CommerceWest Bank is a California-based commercial bank serving businesses throughout California with an emphasis on clients in Orange, San Diego, Los Angeles, and Riverside Counties.
CommerceWest Bank Reports 17% Loan Growth, 31% Deposit Growth, and a 57% increase in Pre-tax Income for the Year Ended December 31, 2015
PR Newswire - Wed Feb 03, 7:00AM CST
CommerceWest Bank (OTCBB: CWBK) reported pre-tax earnings of $1,527,000 for the three months ended December 31, 2015 as compared to $303,000 for the three months ended December 31, 2014, an increase of 404%. Pre-tax earnings for the twelve months ended December 31, 2015 were $6,572,000 as compared to $4,174,000 million for the twelve months ended December 31, 2014, an increase of 57%.
Looking for a Top Momentum Stock? 3 Reasons Why Commerce West Bank (CWBK) is a Great Choice
Zacks Equity Research - Zacks Investment Research - Tue Dec 15, 7:44AM CST
Commerce West Bank (CWBK) is an impressive stock as it has a strong Momentum Score, favorable Zacks Rank and is also seeing positive estimate revisions.
CommerceWest Bank Announces 21% Loan Growth, and 25% Deposit Growth for 3rd Quarter 2015
PR Newswire - Tue Oct 27, 4:00AM CDT
CommerceWest Bank (OTCBB: CWBK) reported pre-tax earnings of $1,831,000 for the three months ended September 30, 2015 as compared to $1,347,000 for the three months ended September 30, 2014, an increase of 36%. Pre-tax earnings for the nine months ended September 30, 2015 were $5,045,000 as compared to $3,871,000 million for the nine months ended September 30, 2014, an increase of 30%.
CommerceWest Bank Sponsored the Critical Mass for Business Executive Conference
PR Newswire - Mon Oct 05, 9:02AM CDT
CommerceWest Bank (OTCBB:CWBK) sponsored the Critical Mass Executive Conference, "Growing Your Revenue in New Markets." The event aimed to connect Orange County CEOs and business executives in order to help them gain valuable ideas and strategies for growing revenue.
CommerceWest Bank Proudly Supported Local Charities
PR Newswire - Sun Oct 04, 5:26PM CDT
CommerceWest Bank (OTCBB:CWBK) proudly supported local charities that work with children and individuals with disabilities. Seneca Orange County and Speech and Language Development Center were the beneficiaries of the I Padrini di Antonello 10th Annual Benefit, "An Evening Under the Stars." Seneca Orange County has a bold and innovative mission to provide unconditional care to help children through the most difficult times of their lives. Speech and Language Development Center serves children and young adults who have special needs in language, learning and/or behavior.
Ivo Tjan of CommerceWest Bank Presented a 2015 Economic Outlook for the Small Business Administration (SBA) and the City of Cypress
PR Newswire - Wed Sep 30, 10:01AM CDT
Ivo Tjan, Chairman and CEO of CommerceWest Bank (OTCBB:CWBK) presented a 2015 Economic Outlook for the Small Business Administration (SBA) and the City of Cypress BRACE & AGENTS Program. The BRACE Program promotes the principles of Business Retention, Attraction, Creation and Expansion. The AGENT Program stands for Assist, Grow, Educate, Network and Thrive. It provides support for the City's medium sized companies and businesses.
CommerceWest Bank Ranked as the 2nd Healthiest Bank in America for 2015
PR Newswire - Mon Aug 17, 2:29PM CDT
CommerceWest Bank (OTCBB:CWBK) ranked as the 2nd healthiest bank in America for 2015 by DepositAccounts.com. DepositAccounts.com evaluates the financial health of banks and credit unions. The financial health of a bank is important especially for people that maintain balances over the $250,000 maximum insured limit.
CommerceWest Bank Announces Net Income of $1 Million, 14% Loan Growth, 31% Deposit Growth for 2nd Quarter 2015
PR Newswire - Tue Jul 28, 6:38PM CDT
CommerceWest Bank (OTCBB: CWBK) reported net income for the six months ended June 30, 2015 of $2,012,000 or $0.48 diluted earnings per share and net income for three months ended June 30, 2015 of $1,011,000 or $0.24 diluted earnings per share.
