Central Valley and Community West shareholders approve merger; close expected April 1, 2024

Community West Bancshares

Central Valley vote: 8,696,800 for, 2,502 against (99.97% approval); Community West also approved.
All required regulatory approvals received; closing expected April 1, 2024, subject to customary conditions.
Combined company will have ~$3.6 billion in total assets and 27 banking centers in Central California.
Post-merger, holding company will be named Community West Bancshares; bank will be Community West Bank.
Operational systems conversion expected to be completed in Q3 2024.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Community West Bancshares shareholders approved Grant of Discretionary Authority to Adjourn Meeting at the 2024-02-08 meeting.

Outcome: passed
Meeting: 2024-02-08

Exact text from the filing

Proposal No. 2. Grant of Discretionary Authority to Adjourn Meeting . To consider and vote upon a proposal to grant discretionary authority to adjourn the Special Meeting if necessary or appropriate in the judgment of our board of directors to solicit additional proxies or votes to approve the principal terms of the Merger Agreement and the transactions contemplated thereby, including the Merger and the Central Valley share issuance. For Against Abstain 8,399,498 282,762 35,027

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Community West Bancshares shareholders approved Approval of Merger Agreement at the 2024-02-08 meeting.

Proposal: merger approval
Outcome: passed
Meeting: 2024-02-08

Exact text from the filing

Proposal No. 1. Approval of Merger Agreement . To approve the principal terms of the Merger Agreement and the transactions contemplated by the Merger Agreement, including the merger of Community West with and into Central Valley, and the issuance of Central Valley common stock to the Community West shareholders in connection with the Merger (the “Central Valley share issuance”), as described in the Joint Proxy Statement/Prospectus. For Against Abstain 8,696,800 2,502 17,985

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63 shareholder votes filed in the last 30 days. Browse all shareholder votes →

Community West Bancshares filing history →

Source: SEC EDGAR

accession 0001628280-24-003971

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