Community West Bank Opens Full Service Branch Office in Oxnard

GOLETA, Calif., Jan. 30, 2017 -- Community West Bancshares, (NASDAQ:CWBC), parent company of Community West Bank, today announced the opening of the Bank’s newest full-service branch office at 300 East Esplanade Drive, Suite 100A in Oxnard.

“We have had business clients throughout Oxnard for many years, serving them from our Ventura and Westlake Village full-service branch offices,” said Bill Filippin, Executive Vice President and Chief Banking Officer of Community West Bank.  “We’re excited to move into the ground floor of Oxnard’s Topa Financial Plaza Tower and look forward to expanding our business banking presence in Ventura County.”

“We are very happy to open this beautiful new full-service branch office in Oxnard,” said Martin E. Plourd, President and Chief Executive Officer.  “There has been significant consolidation among local community banks over the last few years, and we feel there is real opportunity in Ventura County for Community West Bank to provide flexible financing and responsive service to local businesses.”

An experienced team of business bankers, led by Bryan Easterly, Senior Vice President and Regional Market Manager, provides a complete range of financial services at the Oxnard branch office, with a focus on commercial lending, deposit services, agribusiness financing and cash management services. 

In addition to opening the new branch office in Oxnard, Community West Bank recently opened its first full-service branch office in San Luis Obispo in November, and moved its Santa Maria branch office to a more prominent location on January 17, 2017.

About Community West Bank
Founded in 1989, Community West Bank has grown to $710 million in assets, with seven full-service banking branch offices in Goleta, Oxnard, San Luis Obispo, Santa Barbara, Santa Maria, Ventura and Westlake Village.  Community West Bank is a wholly owned subsidiary of Community West Bancshares (NASDAQ:CWBC), a financial services company with headquarters in Goleta, California.  In September 2016, Community West Bank was named to Sandler O’Neill and Partners Bank and Thrift Sm-All Stars – Class of 2016.  This award recognized Community West Bank as one of the top 27 best performing small capitalization institutions from a list of publicly traded banks and thrifts in the U.S. with market capitalizations less than $2.5 billion.  In making their selections, Sandler focused on growth, profitability, credit quality and capital strength. For more information, visit www.CommunityWestBank.com.

Safe Harbor Disclosure
This release contains forward-looking statements that reflect management’s current views of future events and operations.  These forward-looking statements are based on information currently available to the Company as of the date of this release.  It is important to note that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including, but not limited to, the ability of the Company to implement its strategy and expand its lending operations.

Contact: Martin E. Plourd, President and CEO
(805) 692-4382