Community West Bancshares announces CCO Patrick Luis departure and severance terms

Community West Bancshares

Patrick Luis resigned as Chief Credit Officer effective Feb 28, 2025; no disagreement with the company.
Luis receives $30,798 accelerated benefit under salary continuation agreement and full vesting of 7,139 unvested restricted stock awards.
Severance top-up if total of accelerated benefit and unvested shares value is less than $380,000.
Termination agreement includes standard release of claims and confidentiality/non-disparagement obligations.

item 5.02 item 9.01

Executive movements

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Departed

Patrick A. Luis

Chief Credit Officer

CWBC · Community West Bancshares

Effective: 2025-02-28
Filed: March 5, 2025, 6:59 PM ET

Patrick A. Luis, Chief Credit Officer of Community West Bank (the "Bank"), notified the Bank of his decision to resign from his position with the Bank, effective February 28, 2025.

Departed

Patrick A. Luis

Chief Credit Officer

CWBC · Community West Bancshares

Effective: 2025-02-28
Filed: March 5, 2025, 6:59 PM ET

Patrick A. Luis, Chief Credit Officer of Community West Bank (the “Bank”), notified the Bank of his decision to resign from his position with the Bank, effective February 28, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick A. Luis resigned as Chief Credit Officer at Community West Bancshares.

Action: resigned
Role: Chief Credit Officer

Exact text from the filing

Patrick A. Luis, Chief Credit Officer of Community West Bank (the "Bank"), notified the Bank of his decision to resign from his position with the Bank, effective February 28, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick A. Luis resigned as Chief Credit Officer at Community West Bancshares.

Action: resigned
Role: Chief Credit Officer

Exact text from the filing

Patrick A. Luis, Chief Credit Officer of Community West Bank (the “Bank”), notified the Bank of his decision to resign from his position with the Bank, effective February 28, 2025.

View on SEC.gov

Community West Bancshares filing history →

Source: SEC EDGAR

accession 0001628280-25-010331

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