Community West Bancshares
| Company type | Public |
|---|---|
| Industry | Banking |
| Founded | 1989 |
| Headquarters | Goleta, California , United States |
Key people | William Peeples (Independent Chairman of the Board), Martin Plourd (President and CEO), Susan Thompson (CFO) |
| Products | Commercial and retail financial services, deposit and loan products |
Community West Bancshares is a California-based registered bank holding company. It fully owns Community West Bank in accordance with the Bank Holding Company Act.
Through its banking operations, the firm offers an extensive selection of commercial and retail financial services, which include a variety of deposit and loan products. As of December 31, 2020, Community West Bancshares reported total assets amounting to $975.4 million, stockholders' equity of $89 million, and deposits totaling $766.1 million.
History
Established in 1989, Community West Bank was created to provide relationship banking, mortgage financing, and SBA lending services. Community West Bancshares was formed as the bank holding company for Community West Bank on November 26, 1996.
The acquisition of Goleta National Bank occurred on December 31, 1997. Subsequently, on September 1, 2004, the acquired bank was rebranded as Community West Bank.
In May 2013, the organization integrated its Roseville SBA administrative office into the loan servicing operations located in Goleta.
In April 2024, Community West Bancshares combined with Central Valley Community Bank through a merger valued at $143 million, resulting in a unified institution operating 27 branches.
Leadership
The company's principal officers are:
- William Peeples – Independent Chairman of the Board
- Martin Plourd – President and Chief Executive Officer
- Susan Thompson – Chief Financial Officer