Community West Bancshares Named to American Banker Magazine Top 200 Publicly Traded Community Banks
13 Juin 2022 - 3:00PM
Community West Bancshares (NASDAQ: CWBC), parent company of
Community West Bank, announced its inclusion in American Banker
magazine’s annual list of Top 200 Publicly Traded Community Banks
and Thrifts.
In its May 2022 issue, American Banker ranked
Community West Bancshares 125th on its Top 200 Publicly Traded
Community Banks and Thrifts list based on three-year average return
on equity (“ROE”) as of 12/31/2021 (Source: Capital Performance
Group). The rankings include publicly-traded banks and thrifts with
less than $2 billion in assets.
“American Banker is a highly respected industry
publication and it is an honor to be so favorably recognized on
this prestigious list of community banks,” said Marty Plourd, Chief
Executive Officer. “Our bank’s success is due to our employees’
dedication to helping local families and businesses reach their
financial goals, focusing on strong relationships with our clients
and communities on California’s central coast.”
About Community West
BankCommunity West Bank is a wholly owned subsidiary of
Community West Bancshares (NASDAQ: CWBC), a financial services
company with headquarters in Goleta, California. Community West
Bank first opened its doors on August 21, 1989 as Goleta National
Bank, at 5827 Hollister Avenue – a site that remains a Community
West Bank branch office today. The bank changed its name to
Community West Bank in September 2004 to better reflect its growth
beyond Santa Barbara County. Community West Bank is the largest
publicly traded and only community bank headquartered and serving
California’s Central Coast area of Ventura, Santa Barbara and San
Luis Obispo counties with full-service banking branch offices in
Goleta, Oxnard, Paso Robles, San Luis Obispo, Santa Barbara, Santa
Maria and Ventura and has grown to over one billion dollars in
assets. For more information,
visit www.CommunityWestBank.com.
Industry AccoladesCommunity
West was named to Piper Sandler’s Bank and Thrift Sm-All Stars –
Class of 2021. This award recognized Community West as one of the
top 35 best performing small capitalization institutions from a
list of publicly traded banks and thrifts in the U.S. with market
capitalizations less than $2.5 billion.Community West Bank was
awarded a “Super Premier Performance” rating by The Findley
Reports. For 52 years, The Findley Reports has been recognizing the
financial performance of banking institutions in California and the
Western United States. Community West Bank is rated 5-star Superior
by Bauer Financial.
Safe Harbor DisclosureThis
release contains certain forward-looking statements about the
Company and the Bank that are intended to be covered by the safe
harbor for “forward-looking statements” provided by the Private
Securities Litigation Reform Act of 1995. Statements that are not
historical or current facts, including statements about future
financial and operational results, expectations, or intentions are
forward-looking statements. Such statements reflect management's
current views of future events and operations. These
forward-looking statements are based on information currently
available to the Company as of the date of this release. It is
important to note that these forward-looking statements are not
guarantees of future performance and involve and are subject to
significant risks, contingencies, and uncertainties, many of which
are difficult to predict and are generally beyond our control
including, but not limited to, risks from the COVID-19 pandemic,
the strength of the United States economy in general and of the
local economies in which we conduct operations, the effect of, and
changes in, trade, monetary and fiscal policies and laws, including
changes in interest rate policies of the Board of Governors of the
Federal Reserve System, inflation, weather, natural disasters,
climate change, increased unemployment, deterioration in credit
quality of our loan portfolio and/or the value of the collateral
securing the repayment of those loans, reduction in the value of
our investment securities, the costs and effects of litigation and
of adverse outcomes of such litigation, the cost and ability to
attract and retain key employees, a breach of our operational or
security systems, policies or procedures including cyber-attacks on
us or third party vendors or service providers, regulatory or legal
developments, United States tax policies, including our effective
income tax rate, and our ability to implement and execute our
business plan and strategy and expand our operations as provided
therein. Actual results may differ materially from those set forth
or implied in the forward-looking statements as a result of a
variety of factors including the risk factors contained in
documents filed by the Company with the Securities and Exchange
Commission and are available in the “Investor Relations” section of
our website,
https://www.communitywest.com/sec-filings/documents/default.aspx.
The Company is under no obligation (and expressly disclaims any
obligation) to update or alter such forward-looking statements,
whether as a result of new information, future events, or
otherwise, except as required by law.
Contact: Martin E. Plourd, Chief Executive
Officer(805) 692-4382
Community West Bancshares (NASDAQ:CWBC)
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