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.
September 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 October 13, 2017 to shareholders of record at September 15, 2017.
Irvine, California – July 27, 2017 – CommerceWest Bank reported net income for the three months ended June 30, 2017 of $1,078,000 or $0.26 per common share, compared with net income of $1,256,000 or $0.30 per common share for the three months ended June 30, 2016, an EPS decrease of 13%. Net income for the six months ended June 30, 2017 was $2,587,000 or $0.63 per common share, compared with net income of $2,309,000 or $0.55 per common share for the six months ended June 30, 2016, an EPS increase of 15%.
Irvine, California – June 12, 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 July 14, 2017 to shareholders of record at June 16, 2017.
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.
Irvine, California – May 06, 2017 – CommerceWest Bank joined Women Helping Women (WHW) to empower employment success. WHW is a non-profit organization that provides the unemployed and the underemployed by teaching them important skills to help them get a job. Approximately 75% of their job seekers obtain a good job and 90% keep that job.
Irvine, California – May 04, 2017 – CommerceWest Bank supported healthy childhood development by joining the Pretend City Children’s Museum for their annual fundraiser. The Pretend City Children’s Museum is a child-size interconnected city built with rich educational intention, where children can assume various real-world roles. Through interactive exhibits children learn foundational math, reading and science skills.
Irvine, California – April 25, 2017 – CommerceWest Bank reported net income for the three months ended March 31, 2017 of $1,509,000 or $0.37 per common share, compared with net income of $1,053,000 or $0.25 per common share for the three months ended March 31, 2016, an EPS increase of 48%.
Irvine, California – April 6, 2017 – CommerceWest Bank was named as a 2017 “Super Premier Performing” bank by The Findley Reports. The Findley Reports provides the banking industry with performance benchmarks by designating banks as “Super Premier Performing,” “Premier Performing,” and “Commendable Performing” banks. To receive one of the top designations, banks must first meet the A-Quality scoring criteria that looks at growth, net operating income, net loan loss and equity return.
Irvine, California – March 30, 2017 – CommerceWest Bank announced the approval of a cash dividend by its Board of Directors. The Board of Directors declared a cash dividend of $0.17 per common share, payable April 12, 2017 to shareholders of record at March 29, 2017.
