secwatch.observer — SEC 8-K summary
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Issuer:     Community West Bancshares (CWBC)
CIK:        0001127371
Form:       8-K
Filed at:   2025-03-21T23:59:59+00:00
Accession:  0001628280-25-014308
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Community West Bank appoints Hinson M. Thomas as EVP, Chief Credit Officer
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- Effective March 17, 2025, Hinson M. Thomas named EVP and CCO of Community West Bank, a CWBC subsidiary.
- Thomas brings over 30 years of credit risk and commercial banking experience, most recently as EVP CCO at a California community bank.
- Employment agreement: base salary $305K, target annual incentive bonus of 35% of base salary, plus auto allowance, restricted stock, and deferred comp.
- Severance: lump sum of 18 months average cash comp if terminated without cause within 12 months after change in control; otherwise 12 months monthly payments.
- Non-compete and non-solicit restrictions apply for one year post-termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127371/000162828025014308/0001628280-25-014308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127371/000162828025014308/cvcy-20250317.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-014308

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