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Community West Bank expanding into San Luis Obispo

By   /  Wednesday, December 30th, 2015  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Top Stories  /  Comments Off on Community West Bank expanding into San Luis Obispo

Goleta-based Community West Bank plans to open a new branch in San Luis Obispo. Community West, which is owned by Community West Bancshares, looks to debut a full-service branch at 4464 Broad Street — its first in San Luis Obispo County. Its sixth tri-county location, pending approval from federal regulators, would open in the third Read More →

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Goleta’s Community West Bank has strong third quarter

By   /  Thursday, October 22nd, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Goleta’s Community West Bank has strong third quarter

Community West Bancshares, parent company of Community West Bank headquartered in Goleta,  reported on Oct. 22 net income of $1.6 million in the third quarter of 2015 compared to net income of $1.7 million in the third quarter a year ago. Community West reported net income of $1.0 million in the first nine months of Read More →

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Community West Bank opens loan office in San Luis Obispo

By   /  Thursday, September 17th, 2015  /  Banking & Finance, Banking Industry, Central Coast, Latest news  /  Comments Off on Community West Bank opens loan office in San Luis Obispo

Goleta-based Community West Bank opened a new loan production office in San Luis Obispo, the company announced Sept. 17. The bank snatched up area expertise when it hired Bill Filippin in May as the executive vice president. Filippin previously worked with San Luis Obispo-based Heritage Oaks Bank (and Mission Community Bank until it was merged Read More →

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Goleta-based Community West Bancshares reports loss

By   /  Friday, August 21st, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Goleta-based Community West Bancshares reports loss

Goleta-based Community West Bancshares, parent company of Community West Bank, reported a loss of $2.3 million in the second quarter of 2015 following a $7.2 million loan settlement. The company recorded a profit of $1.7 million in the same period last year. “Community West’s second quarter results included solid loan and deposit growth and strong Read More →

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Goleta’s Community West Bancshares settles with Residential Funding Company

By   /  Friday, June 12th, 2015  /  Banking & Finance, Banking Industry, Latest news, South Coast, Top Stories, Tri-County Public Companies  /  Comments Off on Goleta’s Community West Bancshares settles with Residential Funding Company

Goleta-based Community West Bancshares, parent company of Community West Bank, today announced that it has reached a settlement with Residential Funding Company. The June 8 settlement resolves the litigation between the two financial firms concerning residential mortgage loans sold to RFC. Under the settlement, Community West Bank has agreed to pay RFC $7.5 million, which Read More →

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Community West post big first-quarter numbers

By   /  Friday, April 24th, 2015  /  Earnings, Latest news, Top Stories  /  Comments Off on Community West post big first-quarter numbers

Goleta-based Community West Bancshares, parent company of Community West Bank, reported a profit of $1.8 million in the first quarter of 2015. The company recorded a profit of $1.4 million in the same period last year. “Community West’s first quarter accomplishments were a good start to the year as we continue to successfully strengthen our Read More →

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Community West Bank profits fall 19.8 percent

By   /  Friday, July 25th, 2014  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Community West Bank profits fall 19.8 percent

Goleta-based Community West Bancshares, the holding company for Community West Bank, reported that earnings per diluted share fell to $0.18 for the second quarter while net interest income rose to $6.3 million.