News & Press Releases

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%.

Irvine, California – January 16, 2019 –CommerceWest Bank’s CFO Leeann Cochran nominated for CFO of the Year by the Orange County Business Journal. The 2020 CFO of The Year Awards are presented to financial professionals in Orange County for outstanding performance as corporate stewards for the preceding fiscal year.

Irvine, California – December 5, 2018 – 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 11, 2019 to shareholders of record at December 14, 2018.

Irvine, California – October 27, 2018 – CommerceWest Bank helped empower families affected by autism in supporting Talk About Curing Autism (TACA). TACA helps to strengthen the autism community by connecting families and the professionals who can help them. It allows families to share stories and information to help improve the quality of life for people with autism.

Irvine, California – October 25, 2018 – CommerceWest Bank reported net income for the three months ended September 30, 2018 of $1,576,000 or $0.39 per common share, compared with net income of $1,345,000 or $0.33 per common share for the three months ended September 30, 2017, an EPS increase of 18%. Net income for the nine months ended September 30, 2018 of $4,245,000 or $1.04 per common share, compared with net income of $3,932,000 or $0.96 per common share for the nine months ended September 30, 2017, an EPS increase of 8%.

Irvine, California – October 13, 2018 – CommerceWest Bank helped Augie’s Quest Provide ALS Research. ALS, also called Lou Gehrig’s disease, is a neurological disease that causes dysfunction in the nerves and causes the brain to lose its ability to initiate and control muscle movement. Augie’s Quest is dedicated to finding treatments and cures for ALS.

Irvine, California – October 06, 2018 – CommerceWest Bank helped Patriotic Service Foundation provide service dogs to our wounded veterans by sponsoring the 22 to Zero annual gala. Patriotic Service Foundation matches veterans with highly trained and skilled service dogs. The service dogs help our veterans become more independent, self-confident and comfortable with life outside of the military.

Irvine, California – September 29, 2018 – CommerceWest Bank joined the movement to end Alzheimer’s by attending the Alzheimer’s Association Walk to End Alzheimer’s 2018.

Irvine, California – September 25, 2018 – CommerceWest Bank supported the Blind Children’s Learning Center early intervention efforts to help children with visual impairments. The Global Infant Development program is an innovative program that pairs children with visual impairments with sighted peers, alongside one another in an inclusive setting. Children receive Braille and low vision instruction, training in adaptive technology, access to a multi-sensory curriculum, therapeutic services, and exposure to practical, real world experiences.

Irvine, California – September 21, 2018 – CommerceWest Bank partnered with WHW to help local job seekers by donating handbags to help candidates feel more confident during the interview process. WHW provides professional apparel services for men and women. In addition, WHW offers comprehensive Employment Readiness Workshops, Job Placement Assistance, Employment Retention Support and Computer Training, all at no charge. Last year, nearly 80% of the over 10,000 job seekers WHW served gained employment within 3 months resulting in an average household income increase of 560%. A good job changes everything!