News & Press Releases

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.

Irvine, California – March 10, 2016 - CommerceWest Bank provided unconditional care to help children and families through difficult times by supporting Seneca Orange County. Senca was the charity partner of the Marconi Foundation for Kids, which strives to raise a million dollars a year for at risk youth in Orange County. Seneca’s Guided Animal Intervention Therapy program provides support to children who have experienced loss, neglect and trauma.

Irvine, California – January 24, 2017 – CommerceWest Bank reported net income for the three months ended December 31, 2016 of $1,319,000 or $0.32 per common share, compared with net income of $962,000 or $0.23 per common share for the three months ended December 31, 2015, an EPS increase of 39%.  Net income for the twelve months ended December 31, 2016 was $4,830,000 or $1.16 per common share, compared with net income of $4,111,000 or $0.98 per common share for the twelve months ended December 31, 2015, an EPS increase of 18%.     

Irvine, California – November 17, 2016 - CommerceWest Bank helps KidWorks restore at risk neighborhoods one life at a time by joining them for their Foundation for Success Luncheon.  KidWorks provides life-changing education enrichment and leadership development programs to kids in Santa Ana.

Irvine, California – November 12, 2016 - CommerceWest Bank (OTCBB:CWBK) celebrated four children’s foundations in Orange County with the Share Our Wine Foundation.   The 12th annual event raised funds to benefit Orangewood Foundation, The Possible Dream, Project Hope Alliance, and The First Tee Orange County.

Irvine, California – November 12, 2016 - CommerceWest Bank partnered with Talk About Curing Autism (TACA) to support families affected by autism. TACA is dedicated to educating, empowering and supporting families affected by autism.   They aim to speed up the cycle time from the autism diagnosis to effective treatments.

Irvine, California – October 24, 2016 – CommerceWest Bankreported net income for the three months ended September 30, 2016 of $1,202,000 or $0.29 per common share, compared with net income of $1,137,000 or $0.27 per common share for the three months ended September 30, 2015, an EPS increase of 7%. Net income for the nine months ended September 30, 2016 was $3,511,000 or $0.83 per common share, compared with net income of $3,149,000 or $0.75 per common share for the nine months ended September 30, 2015, an EPS increase of 11%.   

Irvine, California – October 16, 2016 - CommerceWest Bank helped kids believe in success, solutions and sobriety by supporting BIS KIDS 5th Annual Golf Tournament. The event raised funds that will support the BIS KIDS proactive prevention program against drugs and alcohol use. The program teaches children to “Believe in Success; Believe in Solutions; Believe in Sobriety.”

Irvine, California – August 18, 2016 – CommerceWest Bank announced today that the Bank has received the Bank’s Board of Directors and regulatory approval of a common stock repurchase program of up to $3.2 million over the next twelve months.

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