News & Press Releases

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%.

Irvine, California – September 21, 2021 - 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 September 21st. 

Irvine, California – August 26, 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 October 1, 2021 to shareholders of record on September 10, 2021. 

Irvine, California – July 20, 2021 – CW Bancorp, the parent company (“the Company”) of CommerceWest Bank (the “Bank”) reported consolidated net income for the second quarter of 2021 of $2,981,000 or $0.81 a share as compared to $1,017,000 or $0.28 a share for the second quarter of 2020, an EPS increase of 189%. Net income for the six months ended June 30, 2021 was $6,628,000 or $1.80 a share as compared to $2,140,000 or $0.58 a share for the six months ended June 30, 2020, an EPS increase of 210%.

Irvine, California – June 01, 2021 – CW Bancorp the parent company (“the Company”) of CommerceWest Bank (the “Bank”) announced the relocation of the Corporate Headquarters to 2445 McCabe Way in Irvine, California on June 1, 2021.

Irvine, California – May 27, 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 July 1, 2021 to shareholders of record on June 11, 2021. 

Irvine, California – April 28, 2021 – CW Bancorp the parent company (“the Company”) of CommerceWest Bank (the “Bank”) reported consolidated net income for the first quarter of 2021 of $3,647,000 or $0.99 a share as compared to $1,123,000 or $0.30 a share for the first quarter of 2020, an EPS increase of 230%.

Irvine, California – January 26, 2021 – CW Bancorp , the holding company of CommerceWest Bank reported net income for the fourth quarter of 2020 of $4,976,000 or $1.37 a share as compared to $2,114,000 or $0.55 a share for the fourth quarter of 2019, an EPS increase of 149%.   Net income for the full year of 2020 was $9,091,000 or $2.48 per common share, compared with net income of $8,208,000 or $2.14 per common share for the full year of 2019, an EPS increase of 16%.

 

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