News & Press Releases

Irvine, California – October 23, 2019 – CommerceWest Bank reported net income for the three months ended September 30, 2019 of $2,016,000 or $0.52 per common share, compared with net income of $1,576,000 or $0.39 per common share for the three months ended September 30, 2018, an EPS increase of 33%. Net income for the nine months ended September 30, 2019 of $6,094,000 or $1.71 per common share, compared with net income of $4,245,000 or $1.04 per common share for the nine months ended September 30, 2018, an EPS increase of 64%.

Irvine, California – September 28, 2019 – CommerceWest Bank helped provide service dogs to veterans who have made the ultimate sacrifice for our freedom, by supporting the Patriotic Service Dog Foundation. Each day, in the world’s greatest nation, 22 of our heroes will take their own lives. The Patriotic Service Dog Foundation’s goal is to reduce that statistic from “22 to zero,” by providing free service dogs to veterans.

September 15, 2019 – CommerceWest Bank supported Caterina’s Club and provided warm meals, affordable housing and job training assistance to low-income families throughout Southern California. Caterina’s Club “Feeding Kids in America” program feeds over 25,025 children a week. The “Welcome Home” program provides qualified families, living in the dark environment of a motel, with the necessary resources to move into the safety and stability of an apartment or condo.

September 08, 2019 – CommerceWest Bank joined BISKIDS to educate children about addiction and a drug free lifestyle. Studies have shown that the earlier kids experiment with drugs and alcohol, the more likely they are to become addicted. BISKIDS provides children with life-changing skills they can utilize to make healthy choices and have the confidence to stay drug free.

Irvine, California – September 4, 2019 – 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 14, 2019 to shareholders of record on September 13, 2019.

Irvine, California – July 31, 2019 – The Bank reported net income for the three months ended June 30, 2019 of $2,200,000 or $0.57 per common share, compared with net income of $1,032,000 or $0.25 per common share for the three months ended June 30, 2018, an EPS increase of 128%. Net income for the six months ended June 30, 2019 of $4,078,000 or $1.06 per common share, compared with net income of $2,669,000 or $0.65 per common share for the six months ended June 30, 2018, an EPS increase of 63%.

Irvine, California – May 16, 2019 – CommerceWest Bank joined the Association for Corporate Growth to celebrate middle market companies. The annual awards gala honored companies in Orange County and the Inland Empire that had outstanding growth and leadership in their industries. The Association for Corporate Growth is a trusted network of business leaders that share knowledge, insights, and business opportunities with each other.

Irvine, California – April 26, 2019 – CommerceWest Bank The Bank reported record net income for the three months ended March 31, 2019 of $1,878,000 or $0.48 per common share, compared with net income of $1,637,000 or $0.40 per common share for the three months ended March 31, 2018, an EPS increase of 20%.

Irvine, California – March 5, 2019 – 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 April 12, 2019 to shareholders of record on March 15, 2019.

Irvine, California – January 29, 2019 – CommerceWest Bank reported record net income for the three months ended December 31, 2018 of $1,692,000 or $0.43 per common share, compared with net income of $1,073,000 or $0.27 per common share for the three months ended December 31, 2017, an EPS increase of 59%. The Bank also reported record net income for the twelve months ended December 31, 2018 of $5,937,000 or $1.47 per common share, compared with net income of $5,005,000 or $1.22 per common share for the twelve months ended December 31, 2017, an EPS increase of 20%.