secwatch.observer — SEC 8-K summary
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Issuer:     Community West Bancshares (CWBC)
CIK:        0001127371
Form:       8-K
Filed at:   2021-09-10T23:59:59+00:00
Accession:  0001127371-21-000135
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Central Valley Community Bancorp names James J. Kim as President & CEO; Ford to retire
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- James J. Kim appointed President & CEO of company and bank effective Nov 1, 2021.
- Base salary $425,000; incentive bonus target 50% of base; restricted stock grants up to 25% of base per year, vesting over 5 years.
- Ford resigns from board Nov 1 but will consult through April 1, 2022; no disagreements.
- Bank nearly doubled assets to over $2.3B as of June 30, 2021; tangible book value per share grew from $8.10 to $15.93.
- Kim has 21+ years community banking experience; previously COO, CFO; will also join the board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127371/000112737121000135/0001127371-21-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127371/000112737121000135/cvcy-20210907.htm
  HTML page:      https://secwatch.observer/filing/0001127371-21-000135

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer