{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-085373","form_type":"8-K","ticker":"CWBC","cik":"0001127371","company_name":"Community West Bancshares","filed_at":"2024-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.378721+00:00","generated_at":"2026-06-04T02:43:30.716830+00:00","sec_items":["2.01","5.02","5.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Central Valley completes Community West merger, becomes Community West Bancshares with ~$3.5B assets","bullets":["Community West shareholders receive 0.79 shares of Central Valley stock per share; total consideration ~$143M based on $19.89 stock price.","Combined entity has ~$3.5B total assets, retains all 27 bank branches across Central Coast, Sacramento, San Joaquin Valley.","Board expands to 15 directors, adding six from Community West; three Central Valley directors retire, one becomes Director Emeritus.","Martin Plourd named President; James Kim remains CEO. Executive team includes Filippin and Stronks; Gilio to retire Oct 1, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-085373","json":"https://secwatch.observer/filing/0001193125-24-085373.json","markdown":"https://secwatch.observer/filing/0001193125-24-085373.md","text":"https://secwatch.observer/filing/0001193125-24-085373.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/0001193125-24-085373-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/d815127d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T02:43:30.716830+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0904b7a7f3","claim":"Tom L. Dobyns was appointed as Director at Community West Bancshares.","evidence_excerpt":"Robert H. Bartlein, Suzanne M. Chadwick, Tom L. Dobyns, James W. Lokey, Martin E. Plourd and Kirk B. Stovesand (“New Directors”), would be appointed to serve on the boards of directors of Central Valley and CVCB.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/0001193125-24-085373-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"092cd4896d","claim":"William F. Filippin was appointed as Executive Vice President, Regional Executive at Community West Bancshares.","evidence_excerpt":"William F. Filippin, the former President of CWB, will assume the position of Executive Vice President, Regional Executive.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/0001193125-24-085373-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"assumed"},{"label":"Role","value":"Executive Vice President, Regional Executive"}],"fact_type":"executive_change"},{"claim_id":"32611d333c","claim":"Kirk B. Stovesand was appointed as Director at Community West Bancshares.","evidence_excerpt":"Robert H. Bartlein, Suzanne M. Chadwick, Tom L. Dobyns, James W. Lokey, Martin E. Plourd and Kirk B. Stovesand (“New Directors”), would be appointed to serve on the boards of directors of Central Valley and CVCB.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/0001193125-24-085373-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"47d9c8b029","claim":"Karen Musson retired as Director at Community West Bancshares.","evidence_excerpt":"The following current directors (with their respective committee assignments indicated) of Central Valley and CVCB have retired from the board of directors effective on the consummation of the Mergers: Lou McMurray (Compensation Committee and Strategic Planning Committee), Gary D. Gall (Audit and Compliance Committee and Strategic Planning Committee) and Karen Musson (Nominating Committee, Compensation Committee and Strategic Planning Committee).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/0001193125-24-085373-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retired"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5f9863f70e","claim":"Robert H. Bartlein was appointed as Director at Community West Bancshares.","evidence_excerpt":"Robert H. Bartlein, Suzanne M. Chadwick, Tom L. Dobyns, James W. Lokey, Martin E. Plourd and Kirk B. Stovesand (“New Directors”), would be appointed to serve on the boards of directors of Central Valley and CVCB.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/0001193125-24-085373-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"621cc3a7d7","claim":"Lou McMurray was elected as Director Emeritus at Community West Bancshares.","evidence_excerpt":"Lou McMurray has been elected to serve as Director Emeritus to the Central Valley and CVCB board of directors effective on the consummation of the Mergers.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/0001193125-24-085373-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director Emeritus"}],"fact_type":"executive_change"},{"claim_id":"662da05581","claim":"Gary D. Gall retired as Director at Community West Bancshares.","evidence_excerpt":"The following current directors (with their respective committee assignments indicated) of Central Valley and CVCB have retired from the board of directors effective on the consummation of the Mergers: Lou McMurray (Compensation Committee and Strategic Planning Committee), Gary D. Gall (Audit and Compliance Committee and Strategic Planning Committee) and Karen Musson (Nominating Committee, Compensation Committee and Strategic Planning Committee).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/0001193125-24-085373-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retired"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"6d322b48b2","claim":"Suzanne M. Chadwick was appointed as Director at Community West Bancshares.","evidence_excerpt":"Robert H. Bartlein, Suzanne M. Chadwick, Tom L. Dobyns, James W. Lokey, Martin E. Plourd and Kirk B. Stovesand (“New Directors”), would be appointed to serve on the boards of directors of Central Valley and CVCB.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/0001193125-24-085373-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"95dedc38b0","claim":"Timothy J. Stronks was appointed as Executive Vice President, Chief Risk Officer at Community West Bancshares.","evidence_excerpt":"Timothy J. Stronks, the former the Executive Vice President and Chief Operating Officer of Community West, will assume the position of Executive Vice President, Chief Risk Officer of the combined bank.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/0001193125-24-085373-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"assumed"},{"label":"Role","value":"Executive Vice President, Chief Risk Officer"}],"fact_type":"executive_change"},{"claim_id":"cf19aae01c","claim":"James W. Lokey was appointed as Director at Community West Bancshares.","evidence_excerpt":"Robert H. Bartlein, Suzanne M. Chadwick, Tom L. Dobyns, James W. Lokey, Martin E. Plourd and Kirk B. Stovesand (“New Directors”), would be appointed to serve on the boards of directors of Central Valley and CVCB.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/0001193125-24-085373-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"d3e86a3cc4","claim":"Lou McMurray retired as Director at Community West Bancshares.","evidence_excerpt":"The following current directors (with their respective committee assignments indicated) of Central Valley and CVCB have retired from the board of directors effective on the consummation of the Mergers: Lou McMurray (Compensation Committee and Strategic Planning Committee), Gary D. Gall (Audit and Compliance Committee and Strategic Planning Committee) and Karen Musson (Nominating Committee, Compensation Committee and Strategic Planning Committee).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/0001193125-24-085373-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retired"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"dde3e53302","claim":"Martin E. Plourd was appointed as President at Community West Bancshares.","evidence_excerpt":"Martin E. Plourd will assume the position of President of the Central Valley and James J. Kim will continue as Chief Executive Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/0001193125-24-085373-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"assumed"},{"label":"Role","value":"President"}],"fact_type":"executive_change"},{"claim_id":"0b0f56254555dff4f363c27265a891a6f6f1ba51","claim":"Community West Bancshares: Amended articles of incorporation to change corporate name to Community West Bancshares (effective 2024-04-01).","evidence_excerpt":"the Central Valley Articles of Incorporation was amended in accordance with California law to reflect the change in Central Valley’s corporate name to “Community West Bancshares”","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/0001193125-24-085373-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-04-01"}],"fact_type":"governance_change"},{"claim_id":"64a4ed696717f045e3352289cb477bdcaa8b5786","claim":"Community West Bancshares underwent a change of control involving Central Valley Community Bancorp for 0.79 of a share of common stock of Central Valley for each share of Community West common stock (closed 2024-04-01).","evidence_excerpt":"Community West Bancshares and Community West Bank, respectively. Pursuant to the Merger Agreement, holders of Community West common stock was converted into the right to receive 0.79 of a share of common stock of Central Valley for each share of Community West common stock held immediately prior to the Effective Time of the Mergers, with cash to be paid in","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/0001193125-24-085373-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Central Valley Community Bancorp"},{"label":"Consideration","value":"0.79 of a share of common stock of Central Valley for each share of Community West common stock"},{"label":"Closing","value":"2024-04-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}