---
schema_version: "secwatch.filing_event.v1"
accession: "0001127371-23-000143"
form_type: "8-K"
ticker: "CWBC"
cik: "0001127371"
company_name: "Community West Bancshares"
filed_at: "2023-10-11T23:59:59+00:00"
generated_at: "2026-06-10T01:29:26.851390+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001127371-23-000143
- form_type: 8-K
- ticker: CWBC
- cik: 0001127371
- company_name: Community West Bancshares
- filed_at: 2023-10-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1127371/000112737123000143/0001127371-23-000143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1127371/000112737123000143/cvcy-20231010.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001127371-23-000143
- JSON: https://secwatch.observer/filing/0001127371-23-000143.json
- Plain text: https://secwatch.observer/filing/0001127371-23-000143.txt

## Key facts
- Material Agreements
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1127371/000112737123000143/0001127371-23-000143-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.