Community West Bank COO dies
Michael Phlaum, chief operating officer at Goleta-based Community West Bank, died Friday evening from complications related to a stroke, the bank said on July 21. Phlaum joined the bank in February 2012 and was promoted to COO and executive vice president in February of this year. “This is a tragic loss for me personally and Read More →
Community West names chief credit officer
Goleta-based Community West Bancshares, the holding company for Community West Bank, has hired Kristine Price as its new chief credit officer and vice president, effective July 31. Price was previously the chief credit officer and senior credit administrator for the Los Angeles market at Torrey Pines Bank, the California division of Western Alliance Bank. She Read More →
Regulators scrutinize Community West
Community West Bancshares faces a new order from regulators that limits its ability to pay out dividends, sell stock or incur new debts without the prior approval of the federal banking overseers. The parent of Community West Bank also agreed with the Federal Reserve Bank of San Francisco on April 23 that the Goleta firm Read More →
Mission pays off TARP
Mission Community Bancorp has repaid the $5.1 million in federal bank rescue funds it took at the height of the financial crisis. The San Luis Obispo-based company said Jan. 4 that it had paid $5.1 million from the Troubled Asset Relief Program to the U.S. Treasury, including $30,554 in accrued and unpaid dividends. “The capital Read More →
