Highest-materiality recent filing
Community West Bancshares files pro forma financials for USB merger; combined assets $4.98B
Pro forma 2025 net income $54.9M, EPS $2.04 basic; combined assets $4.98B, loans $3.41B, deposits $4.18B.
Community West Bancshares Q1 net income rises to $11.5M ($0.60 EPS), completes USB merger
Net income $11.49M ($0.60 diluted EPS) vs $8.29M ($0.44) in Q1 2025 and $11.17M ($0.58) in Q4 2025.
CWBC completes $185.5M all-stock merger with UBFO; combined assets ~$5B
USB shareholders receive 0.4520 CWBC shares per share; deal valued at ~$185.5M ($10.53/USB share).
Two shareholder lawsuits filed challenging CWBC-UBFO merger; supplemental disclosures issued
Two lawsuits filed Mar 4-5, 2026 in NY Supreme Court; demand letters allege disclosure deficiencies in merger proxy.
Community West Bancshares receives regulatory approvals for merger with United Security Bancshares
Regulatory approvals received from FDIC, CA DFPI, and waiver from FRB San Francisco.
Community West Bancshares COO Blaine Lauhon to retire effective Dec 31, 2026
Blaine C. Lauhon, EVP and COO of Community West Bank, notified of retirement effective December 31, 2026.
Community West Q4 net income $11.2M ($0.58 EPS); merger with USB announced, dividend declared
Net income $11.17M ($0.58 diluted EPS) vs $6.90M ($0.36) in Q4 2024, up 62% YoY.
Community West Bancshares to acquire United Security Bancshares in all-stock deal valued at $191.9M
Exchange ratio: 0.4520 CWBC shares per UBFO share; implied price ~$10.88/share based on CWBC close of $24.06 on Dec 16, 2025.
Community West Q3 net income triples YoY to $10.9M; EPS $0.57; NIM expands to 4.20%
Net income $10.87M ($0.57 diluted EPS) vs $3.39M ($0.18) in Q3 2024 and $7.83M ($0.41) in Q2 2025.
Net income $7.832M ($0.41 diluted EPS) for quarter ended June 30, 2025, compared to net loss of $6.29M a year ago.
Community West Bancshares Q1 net income $8.3M, EPS $0.44; up 125% YoY
Net income of $8.3M ($0.44 diluted EPS) vs $3.7M ($0.31) in Q1 2024 and $6.9M ($0.36) in Q4 2024.
Community West Bancshares corrects CEO James Kim's change-in-control severance to 24 months
Amendment corrects severance multiplier in CEO James Kim's employment agreement from 18 to 24 months of average monthly cash compensation.
Community West Bancshares enters employment agreements with six officers and reports resignation
On Jan 30, 2025, entered employment agreements with six executives including CEO James Kim ($625K salary, 60% bonus) and CFO Shannon Livingston ($350K, 50%).
Net income $6.9M ($0.36 diluted EPS) in Q4 2024 vs $5.9M ($0.50) in Q4 2023; EPS decline due to share count increase from merger.
Community West Q3 net income $3.4M, EPS $0.18 vs $6.4M, $0.54 YoY; declares $0.12 dividend
Net income $3.385M, diluted EPS $0.18 for Q3 2024, down from $6.390M, $0.54 in Q3 2023.
Community West Bancshares reports Q2 net loss of $6.3M; diluted loss $0.33 per share
Net loss of $6,290,000 vs net income of $6,282,000 in Q2 2023; diluted loss $0.33 per share.
CWBC completes merger with Community West; pro forma assets $3.53B
Merger closed April 1, 2024; Central Valley issued 7.04M shares at $19.89 for $140M consideration plus options.
Community West Bancshares Q1 net income falls 47% YoY to $3.68M; declares $0.12 dividend
Net income $3.676M ($0.31 diluted EPS) vs $6.970M ($0.59) a year earlier; net interest margin slipped to 3.42% from 3.86%.
Central Valley completes Community West merger, becomes Community West Bancshares with ~$3.5B assets
Community West shareholders receive 0.79 shares of Central Valley stock per share; total consideration ~$143M based on $19.89 stock price.
Central Valley and Community West shareholders approve merger; close expected April 1, 2024
Central Valley vote: 8,696,800 for, 2,502 against (99.97% approval); Community West also approved.
Central Valley Q4 net income down 23% to $5.9M ($0.50 EPS); merger on track for April 1
Net income $5.9M ($0.50 diluted EPS) vs $7.6M ($0.65) in Q4 2022; full year $25.5M ($2.17) vs $26.6M ($2.27).
On March 17, 2025, Community West Bank (“Bank”), a wholly-owned subsidiary of Community West Bancshares (“Company”), appointed Hinson M. Thomas as Executive Vice President and Chief Credit Officer (“CCO”) of the Ba nk.
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.
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.
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.
William F. Filippin, the former President of CWB, will assume the position of Executive Vice President, Regional Executive.
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.
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).
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.
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.
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).
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.
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.
Max materiality 0.85 · Median 0.47 · Most common event other