secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY WEST BANCSHARES / (—)
CIK:        0001051343
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001171843-24-001856
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Central Valley completes merger with Community West; adopts name Community West Bancshares, ticker CWBC
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- Merger effective April 1, 2024; Community West shareholders receive 0.79 shares of Central Valley stock per share.
- Transaction valued at ~$143M based on Central Valley closing price of $19.89 on March 28, 2024.
- Combined company has ~$3.5B assets; retains 27 full-service banking centers across Central Coast, Sacramento, San Joaquin Valley.
- James J. Kim named CEO; Daniel J. Doyle Chairman; board consists of 9 from Central Valley, 6 from Community West.
- New execs include William Filippin (EVP Coast Region) and T. Joseph Stronks (EVP CRO); Teresa Gilio to retire Oct 1, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051343/000117184324001856/0001171843-24-001856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051343/000117184324001856/f8k_040424.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-001856

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