Community West Bancshares announced that its Board of Directors has authorized an additional $1.5M for the Company's stock repurchase plan and extended the stock repurchase plan until August 31, 2020. The balance available for common stock repurchase from the authorized $4.5M is $1,661,716. Stock repurchases may be made from time to time on the open market or through privately negotiated transactions.
Community West Bancshares Chairman William Peeples disclosed in a filing that he had sold 20,000 shares of company stock at an average price of $10.37 per share on February 19. The total trtansaction value of the sale was $207,304.
Community West Bancshares, parent company of Community West Bank, announced that Paul Ulrich has joined the bank as Executive Vice President, Chief Credit Officer. He will be responsible for the overall credit quality of the bank's loan portfolio. He most recently served as Senior Vice President and Chief Credit Officer at Evans Bank.
Community West Bancshares, parent company of Community West Bank, announced that T. Joseph Stronks has joined the bank as EVP, COO. He will lead the Central Operations, Information Technology and Facilities departments of the bank. It is with great pleasure that we welcome Joseph to the Community West Bank executive team," said Martin E. Plourd, President and Chief Executive Officer. "His wide range of professional experience and leadership in managing banking operations, information technology, and core application technology will serve our bank very well as we continue to grow our community banking presence throughout Ventura, Santa Barbara and San Luis Obispo counties."