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GOLETA, Calif., Nov. 21, 2016 -- 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 4464 Broad Street in San Luis Obispo. The new branch replaces a San Luis Obispo loan production office that opened last year.
“We’re excited about opening our first full-service branch office in San Luis Obispo County,” said Bill Filippin, Executive Vice President and Chief Banking Officer of Community West Bank. “There has been significant consolidation among community banks locally, and we’re very confident that our approach will appeal to businesses which prefer the responsive and flexible service that Community West Bank has been providing on the Central Coast for more than 25 years.”
“Since establishing our San Luis Obispo loan production office in September, 2015, we’ve had great success in serving local business clients,” said Martin E. Plourd, President and Chief Executive Officer. “And now with a full-service branch location, we feel there is plenty of customer demand for a strong locally owned and operated community bank in San Luis Obispo County. We will look for additional opportunities to grow and establish branch offices here.”
The new branch is located on south Broad Street, in the growing business area near the San Luis Obispo airport. An experienced team of business bankers, led by Jason Bietz, Senior Vice President and Regional Market Manager, provides a complete range of financial services at the branch, with a focus on commercial lending and deposit services, agribusiness financing and cash management services.
About Community West Bank
Founded in 1989, Community West Bank has grown to $665 million in assets, with six full-service banking branches in Goleta, San Luis Obispo, Santa Barbara, Santa Maria, Ventura and Westlake Village. A new full-service branch office will open in Oxnard in January, 2017. Community West Bank is a wholly owned subsidiary of Community West Bancshares (NASDAQ:CWBC), a financial services company with headquarters in Goleta, California. 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
