M&A - Community West Bancshares

Form Type: DEF 14A

Filing Date: 2025-04-04

Corporate Action: Acquisition

Type: New

Accession Number: 000162828025016740

Filing Summary: Community West Bancshares has filed a Definitive Proxy Statement in connection with its 2025 Annual Meeting of Shareholders, scheduled for May 21, 2025, at their corporate office in Fresno, California. This document includes important materials for shareholders, such as the notice of the meeting, proxy statement, and company annual report. Key proposals during the meeting include the election of 15 directors, approval of the Community West Bancshares 2025 Omnibus Incentive Plan, ratification of the independent accounting firm Moss Adams LLP, and an advisory resolution on executive compensation. The filing emphasizes the importance of shareholder participation either in person or via proxy voting. It notes that as of the Record Date (March 28, 2025), there were 19,061,009 shares of common stock outstanding and entitled to vote at the meeting. The company had recently completed an acquisition of Community West Bancshares on April 1, 2024, leading to changes in the Board of Directors and a name change. Voting instructions are provided for shareholders who wish to vote online, by telephone, or by mail to ensure their voices are heard at the meeting.

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Form Type: 8-K

Filing Date: 2025-01-23

Corporate Action: Acquisition

Type: Update

Accession Number: 000162828025002345

Filing Summary: On January 23, 2025, Community West Bancshares issued a press release providing unaudited financial information for the quarter ending December 31, 2024. Additionally, it was noted that on April 1, 2024, the company, previously known as Central Valley Community Bancorp, successfully completed the acquisition of Community West Bancshares and its subsidiary, Community West Bank. The acquisition prompted a name change to reflect an expanded territory in Central California. In a board meeting prior to this filing, on January 22, 2025, a cash dividend of $0.12 per share was declared, payable on February 21, 2025 to shareholders on record as of February 7, 2025. The press release detailing these events is included as Exhibit 99.1 in the filing.

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