secwatch.observer — SEC 8-K summary
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Issuer:     Community West Bancshares (CWBC)
CIK:        0001127371
Form:       8-K
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0001193125-24-085373
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Central Valley completes Community West merger, becomes Community West Bancshares with ~$3.5B assets
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/0001193125-24-085373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127371/000119312524085373/d815127d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-085373

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