Community West Bancshares

Community West Bank was established in 1989 as a California financial institution serving customers through relationship banking, mortgage lending, and Small Business Administration lending. Its community-bank orientation placed emphasis on local customer relationships and financing for businesses and property owners rather than on a nationwide operating model. Community West Bancshares was incorporated on November 26, 1996, as the bank holding company for Community West Bank. The holding-company structure placed the bank subsidiary under the governance framework applicable to bank holding companies while preserving the operating bank as the provider of customer-facing financial services. On December 31, 1997, Community West Bancshares completed the acquisition of Goleta National Bank. The acquisition expanded the organization’s local banking platform and supported its presence in the Goleta and surrounding California market. The bank later changed its name to Community West Bank on September 1, 2004. That name was identified as the bank’s current operating name in the referenced historical material. Over time, the group developed a portfolio spanning commercial and retail banking. Its services included business and consumer deposits, commercial loans, mortgage lending, SBA financing, and related loan-servicing activities. The organization also operated or maintained administrative functions connected with SBA lending. In May 2013, it announced a plan to consolidate the SBA administrative functions then located in Roseville into existing loan-servicing operations in Goleta. The change was intended to combine related functions within the organization’s existing infrastructure. The company remained a relatively focused regional banking organization. At December 31, 2020, the referenced material reported total assets of approximately $975.4 million, stockholders’ equity of $89 million, and deposits of $766.1 million. These figures describe the scale of the company at that date and are not presented as current financial information. In April 2024, available reference material stated that Community West Bancshares merged its operations with Central Valley Community Bank. The reported transaction value was $143 million, and the combined organization was described as having 27 locations. The available information does not provide sufficient detail to determine whether Community West Bancshares continued as a separate legal entity, whether the brand was retained across all locations, or the exact post-merger leadership and ownership arrangements. Its present corporate status therefore remains uncertain.

• 2024

  Operations merged with Central Valley Community Bank

  [1]Community West Bancsharesen.wikipedia.org

  Reference material reported a merger of operations valued at $143 million and involving 27 locations.

• 2020

  Reported balance-sheet scale

  [1]Community West Bancsharesen.wikipedia.org

  As of December 31, the company reported approximately $975.4 million in assets, $89 million in stockholders’ equity, and $766.1 million in deposits.

• 2013

  SBA administrative functions consolidated

  [1]Community West Bancsharesen.wikipedia.org

  The company announced plans to move Roseville SBA administrative functions into its Goleta loan-servicing operation.

• 2004

  Bank adopts Community West Bank name

  [1]Community West Bancsharesen.wikipedia.org

  The operating bank changed its name to Community West Bank on September 1.

• 1997

  Goleta National Bank acquisition completed

  [1]Community West Bancsharesen.wikipedia.org

  Community West Bancshares completed its acquisition of Goleta National Bank on December 31.

• 1996

  Holding company incorporated

  [1]Community West Bancsharesen.wikipedia.org

  Community West Bancshares was incorporated on November 26 as the bank holding company for Community West Bank.

• 1989

  Community West Bank established

  [1]Community West Bancsharesen.wikipedia.org

  Community West Bank was established in California to provide relationship banking, mortgage lending, and SBA lending services.

A California community-banking organization focused on relationship banking, commercial finance, mortgage lending, SBA lending, and deposit services for businesses and retail customers.

• Business banking

  Commercial banking

  Community West’s commercial banking activity centered on relationship-based services for businesses and local organizations. The offering included business deposit accounts, commercial credit, and support for customers’ operating and financing needs. The available material characterizes the bank as a community-oriented institution rather than a nationwide universal bank.

• Business lending · 1989

  Small Business Administration lending

  SBA lending was one of the institution’s established areas of specialization. The bank maintained administrative and servicing functions connected with SBA loans, including a Roseville administrative office before the functions were planned for consolidation into Goleta operations in 2013.

• Mortgage finance · 1989

  Mortgage lending

  Mortgage lending formed part of Community West Bank’s original service scope and remained among the financial products associated with the organization. The supplied material does not specify particular mortgage programs, channels, or current availability.

• Retail and business deposits

  Deposit products

  The bank offered deposit products to commercial and retail customers. These products supported ordinary banking relationships and represented a major source of funding; deposits were reported at $766.1 million at December 31, 2020.

• 2024

  Merger with Central Valley Community BankM&A

  Background

  Community West Bancshares operated a California community-banking business through Community West Bank.

  Action taken

  Reference material reported that the company merged its operations with Central Valley Community Bank in a transaction valued at $143 million and involving 27 locations.

  Aftermath

  The available sources do not establish the final legal status of Community West Bancshares, the detailed consideration structure, or the extent to which the Community West brand continued after the merger.

  Reported transaction value. $143 million (April 2024)

  Source

• 2013

  Consolidation of Roseville SBA administrative operationsStrategy

  Background

  The company maintained SBA administrative functions in Roseville alongside loan-servicing operations in Goleta.

  Action taken

  It announced plans to consolidate the Roseville functions into the existing Goleta loan-servicing operation.

  Aftermath

  The available reference does not report the resulting workforce impact, savings, or subsequent operating metrics.

  Source

1. 1Community West Bancsharesen.wikipedia.org