CommerceWest Bank Supported the Blind Children’s Learning Center

Irvine, California – February 22, 2018 – CommerceWest Bank (OTCBB: CWBK) supported the Blind Children’s Learning Center and stepped into the world of children who are blind or visually impaired to understand the challenges that they face. The Vision Beyond Sight event raised funds to help provide early intervention, education and family support to children with visual impairments.

Ivo Tjan of CommerceWest Bank was the Keynote Speaker for the Community for Innovation, Entrepreneurship, Leadership and Opportunities to Empower Small Businesses

Irvine, California – February 08, 2018 – CommerceWest Bank was invited to join the Community for Innovation, Entrepreneurship, Leadership and Opportunities (CIELO), to empower individuals with an entrepreneurial spirit and passion for small business. Ivo Tjan, Chairman and CEO of CommerceWest Bank was the Keynote Speaker and discussed the macroeconomic forces affecting businesses, which included a discussion about the Tax Cut and Jobs Law Act.

CommerceWest Bank Announces Record Profitability, Loan, Deposit and Asset Levels for the Year

Irvine, California – January 29, 2018 – The Bank took a charge to tax expense of $528,000 in the fourth quarter of 2017 for the impact of the change in tax rates resulting from the enactment of the Tax Cuts and Jobs Act (“TCJA”) on December 22, 2017. Net income for the three months ended December 31, 2017 excluding this charge was $1,601,000 or $0.40 per common share, compared with net income of $1,319,000 or $0.32 per common share for the three months ended December 31, 2016, an EPS increase of 25%. Net income for the twelve months ended December 31, 2017 excluding this charge was $5,533,000 or $1.36 per common share, compared with net income of $4,830,000 or $1.16 per common share for the twelve months ended December 31, 2016, an EPS increase of 17%.

CommerceWest Bank Declares Cash Dividend Payment to Shareholders

Irvine, California – December 7, 2017 – CommerceWest Bank announced the approval of a quarterly cash dividend by its Board of Directors. The Board of Directors declared a cash dividend of $0.17 per common share, payable January 12, 2018 to shareholders of record at December 15, 2017.

CommerceWest Bank Helped Fight the War Against ALS

Irvine, California – October 28, 2017 – CommerceWest Bank helped fight the war against ALS (Amyotrophic Lateral Sclerosis) by supporting Augie’s Quest. Augie’s Quest to Cure ALS drives success by funding cutting edge ALS research at the ALS Therapy Development Institute (ALS TDI).

CommerceWest Bank Announces 12% Increase in Net Income for the Quarter and Year, and EPS growth of 16% for the Year

Irvine, California – October 26, 2017 – CommerceWest Bank reported net income for the three months ended September 30, 2017 of $1,345,000 or $0.33 per common share, compared with net income of $1,202,000 or $0.29 per common share for the three months ended September 30, 2016, an EPS increase of 14%. Net income for the nine months ended September 30, 2017 was $3,932,000 or $0.96 per common share, compared with net income of $3,511,000 or $0.83 per common share for the nine months ended September 30, 2016, an EPS increase of 16%.

CommerceWest Bank Supported Kure It Cancer Research

Irvine, California – September 24, 2017 – CommerceWest Bank supported Kure It Cancer Research on their second annual Sunday Funday. The fundraiser brought together the corporate community and families of Orange County to fight together against cancer. Kure It Cancer Research is a non-profit dedicated to providing direct and immediate funding to support cancer research.

CommerceWest Bank Joins The Fight Against ALS

Irvine, California – May 09, 2017 - CommerceWest Bank joined the fight against ALS by supporting the ALS Association Orange County. The ALS Association is dedicated soley to the fight against ALS. Their mission is to discover treatments and a cure for ALS, and to serve, advocate for, and empower people affected by ALS to live their lives to the fullest.