Central Valley Community Bancorp merges with Community West in all-stock deal valued at $99.4M

Community West Bancshares

Exchange ratio: 0.79 CVCY shares per CWBC share; total consideration ~$99.4M or $11.15/share.
Combined company renamed Community West Bancshares; board expands to 15; Kim stays CEO, Plourd President.
Combined assets ~$3.6B; CVCY shareholders own ~63%, CWBC ~37% post-merger.
Transaction expected to close Q2 2024, subject to shareholder and regulatory approvals.
Directors and executives entered cooperation agreements to vote in favor.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Community West Bancshares entered into Agreement and Plan of Reorganization and Merger with Central Valley Community Bancorp (effective 2023-10-10).

Action: entry
Agreement: merger
Counterparty: Central Valley Community Bancorp
Effective: 2023-10-10

Exact text from the filing

On October 10, 2023 , Central Valley Community Bancorp, a California corporation (“Central Valley”), entered into an Agreement and Plan of Reorganization and Merger (the “Merger Agreement”) with Community West Bancshares, a California corporation (“Community West”)

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38 material agreements filed in the last 30 days. Browse all material agreements →

Community West Bancshares filing history →

Source: SEC EDGAR

accession 0001127371-23-000143

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