Community West Bancshares and Community West Bank Elect New Directors
July 28 2020 - 04:00PM
Community West Bancshares (Community West or the Company), (NASDAQ:
CWBC), parent company of Community West Bank (Bank), today
announced the election of new directors at the Bank and holding
company. Suzanne Chadwick has been appointed to the Board of
Directors of Community West Bank and Christopher Raffo has been
appointed to the Board of Directors of both Community West Bank and
Community West Bancshares.
“We are very pleased that Suzanne and Chris are
joining our team. They are both exceedingly well known and
highly respected in our local business communities,” said William
Peeples, Chairman of the Board. “Suzanne and Chris bring
different strengths and a broad depth of knowledge that should help
propel us forward, as we look to grow in our markets.”
Chadwick, a resident of Oxnard, CA, worked for
Santa Barbara Bank and Trust for over 20 years. As SVP
Private Client Relationship Manager, she cultivated high-value
existing and new business partnerships in Ventura County and
developed and executed targeted new client relationships.
Most recently, she was interim Executive Director of the Museum of
Ventura County where she coordinated people-related services,
policies and programs through department staff and implemented
several process improvements. Chadwick currently serves as a
Regent with California Lutheran University, where she has been
active since 2013. She also serves on the Interface Children
& Family Services Advisory Board, where she has been active
since 2008, and the KCLU Advisory Board, where she has been a
member since 1995.
Raffo has over 35 years in banking and capital
markets experience. Formerly, he served as Managing Director
for Caldwell Securities Incorporated, a Sausalito based
broker-dealer and investment advisory firm, where he led the
Community Bank Services Group. Raffo has held senior sales
positions at Howe Barnes Investments, Podesta & Co., Hoefer
& Arnett, and FIG Partners. Since late 2017, Raffo has
been engaged with Kilowatt Labs, Inc. assisting the company in
developing and supporting its growth initiatives. With
offices in New York and Dubai, Kilowatt Labs designs,
manufacturers, and sells innovative energy storage and power
management solutions for use in a wide variety of residential,
commercial and industrial applications.
Company Overview
Community West Bancshares is a financial
services company with headquarters in Goleta, California. The
Company is the holding company for Community West Bank, the largest
publicly traded community bank serving California’s Central Coast
area of Ventura, Santa Barbara and San Luis Obispo counties.
Community West Bank has seven full-service California branch
banking offices in Goleta, Santa Barbara, Santa Maria, Ventura, San
Luis Obispo, Oxnard and Paso Robles. The principal business
activities of the Company are Relationship Banking, Manufactured
Housing lending and Government Guaranteed lending.
Industry Accolades
In April 2020, Community West was awarded a
“Premier” rating by The Findley Reports. For 51 years, The
Findley Reports has been recognizing the financial performance of
banking institutions in California and the Western United
States. In making their selections, The Findley Reports
focuses on these four ratios: growth, return on beginning equity,
net operating income as a percentage of average assets, and loan
losses as a percentage of gross loans.
Safe Harbor Disclosure
This release contains forward-looking statements
that reflect management's current views of future events and
operations. These forward-looking statements are based on
information currently available to the Company as of the date of
this release. It is important to note that these
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, including, but not limited to,
the ability of the Company to implement its strategy and expand its
lending operations.
Contact: |
Martin E. Plourd, President and CEO |
|
805.692.4382 |
|
www.communitywestbank.com |
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