secwatch.observer — SEC 8-K summary
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Issuer:     Community West Bancshares (CWBC)
CIK:        0001127371
Form:       8-K
Filed at:   2023-10-11T23:59:59+00:00
Accession:  0001127371-23-000143
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127371/000112737123000143/0001127371-23-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127371/000112737123000143/cvcy-20231010.htm
  HTML page:      https://secwatch.observer/filing/0001127371-23-000143

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