News & Press Releases

Irvine, California - August 25, 2022 - CW BANCORP, parent company of CommerceWest Bank announced the approval of a quarterly cash dividend by its Board of Directors. The Board of Directors declared a cash dividend of $0.22 per common share, payable October 3, 2022 to shareholders of record on September 9, 2022.

Irvine, California - July 28, 2022 - CW Bancorp, the parent company of CommerceWest Bank reported consolidated net income for the second quarter of 2022 of $4,186,000 or $1.20 a share as compared to $2,981,000 or $0.81 a share for the second quarter of 2021, an EPS increase of 48% and net income for the six months ended June 30, 2022 of $8,244,000 or $2.35 a share.

Irvine, California – May 31, 2022 – CW BANCORP (OTCQX: CWBK), the parent company of CommerceWest Bank announced the approval of a quarterly cash dividend by its Board of Directors.  The Board of Directors declared a cash dividend of $0.22 per common share, payable July 1, 2022 to shareholders of record on June 10, 2022. 

Irvine, California - April 28, 2022 - CW Bancorp, the parent company ("the Company") of CommerceWest Bank<cwbk.com> (the "Bank") reported consolidated net income for the first quarter of 2022 of $4,058,000 or $1.15 a share as compared to $3,647,000 or $0.99 a share for the first quarter of 2021, an EPS increase of 16%.

Irvine, California - March 15, 2022 - CW Bancorp, the parent company of CommerceWest Bank based in Irvine, California, focused on commercial banking services, today announced that Mr. Ivo A. Tjan, Chairman and CEO, will present live at VirtualInvestorConferences.com on March 22nd.

Irvine, California – February 28, 2022 – CW Bancorp, the parent company (“the Company”) of CommerceWest Bank (the “Bank”) announced the approval of a quarterly cash dividend by its Board of Directors, declaring $0.22 per common share, up from the previous quarter by 10%, payable April 1, 2022 to shareholders of record on March 11, 2022.

Irvine, California – January 27, 2022 – CW Bancorp, the parent company (“the Company”) of CommerceWest Bank (the “Bank”) reported net income for the twelve months ended December 31, 2021 of $14,179,000 or $3.95 a share as compared to $9,091,000 or $2.48 a share for the twelve months ended December 31, 2020, an EPS increase of 59%.

IRVINE, California - December 2, 2021 – CW BANCORP, the parent company of CommerceWest Bank, today announced the closing of its private placement of $17.5 million aggregate principal amount 3.75% Fixed-to-Floating Rate Subordinated Notes. The Notes will mature on December 15, 2031 and will initially bear interest at a rate equal to 3.75% per annum.

Irvine, California – December 1, 2021 - CW Bancorp, the parent company of CommerceWest Bank announced the approval of a quarterly cash dividend by its Board of Directors.  The Board of Directors declared a cash dividend of $0.20 per common share, payable January 3, 2022 to shareholders of record on December 17, 2021.

Irvine, California – Oct. 20, 2021 – CW Bancorp, the parent company (“the Company”) of CommerceWest Bank (the “Bank”) reported consolidated net income for the third quarter of 2021 of $3,576,000 or $0.99 a share as compared to $1,975,000 or $0.54 a share for the third quarter of 2020, an EPS increase of 83%.

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