Community West Bancshares

Central Valley Community Bancorp and Community West Bancshares Announce Receipt of Shareholder Approval for Merger

Retrieved on: 
Friday, February 9, 2024

Central Valley Community Bancorp (Central Valley), (NASDAQ: CVCY), headquartered in Fresno, California, together with its banking subsidiary, Central Valley Community Bank (CVCB) and Community West Bancshares (Community West), (NASDAQ: CWBC), parent company of Community West Bank (CWB), headquartered in Goleta, California, announced today that shareholders of both companies approved the merger of Community West with and into Central Valley, with Central Valley as the resulting company, and Community West Bank with and into Central Valley Community Bank at special meetings held on February 8, 2024.

Key Points: 
  • Central Valley Community Bancorp (Central Valley), (NASDAQ: CVCY), headquartered in Fresno, California, together with its banking subsidiary, Central Valley Community Bank (CVCB) and Community West Bancshares (Community West), (NASDAQ: CWBC), parent company of Community West Bank (CWB), headquartered in Goleta, California, announced today that shareholders of both companies approved the merger of Community West with and into Central Valley, with Central Valley as the resulting company, and Community West Bank with and into Central Valley Community Bank at special meetings held on February 8, 2024.
  • Following the closing of the merger, the resulting company will assume the name Community West Bancshares, and Central Valley Community Bank will assume the name Community West Bank to reflect the expanded territory of the combined company.
  • “Shareholder approval from both banks confirms their confidence in the merger and brings us one step closer to uniting our two great organizations,” stated James J. Kim, President and CEO of Central Valley Community Bancorp and Central Valley Community Bank.
  • The shared values, corporate cultures and impressive history of both banks will bring greater opportunity to shareholders, clients, employees and the community,” stated Martin E. Plourd, CEO and Director of Community West Bancshares and Community West Bank.

Central Valley Community Bancorp Reports Earnings Results for the Year and Quarter Ended December 31, 2023, and Quarterly Dividend

Retrieved on: 
Thursday, January 18, 2024

The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), reported today results for the year and quarter ended December 31, 2023, and quarterly dividend.

Key Points: 
  • The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), reported today results for the year and quarter ended December 31, 2023, and quarterly dividend.
  • The Company also announced that all required regulatory approvals have been received for the Merger Agreement dated October 10, 2023 with Community West Bancshares, a California corporation (“Community West”).
  • Pursuant to the terms of the Merger Agreement, Community West will be merged with and into Central Valley Community Bancorp, with the Company as the surviving institution.
  • For the full release, please visit one of the following: CVCB News Room https://www.cvcb.com/about-us/news-room or CVCB Investor Relations https://ir.cvcb.com/news-market-information/press-releases/default.aspx .

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates WAVD, CWBC, CNSL

Retrieved on: 
Monday, January 1, 2024

If you are a WaveDancer shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a WaveDancer shareholder, click here to learn more about your rights and options .
  • If you are a Community West shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

COMMUNITY WEST INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Community West Bancshares -CWBC

Retrieved on: 
Friday, December 29, 2023

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Community West Bancshares (NasdaqGM: CWBC) to Central Valley Community Bancorp (NasdaqCM: CVCY).

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Community West Bancshares (NasdaqGM: CWBC) to Central Valley Community Bancorp (NasdaqCM: CVCY).
  • Under the terms of the proposed transaction, shareholders of Community West will receive 0.79 shares of Central Valley for each share of Community West that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates BSQR, CWBC, CVCY

Retrieved on: 
Sunday, October 22, 2023

If you are a Bsquare shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Bsquare shareholder, click here to learn more about your rights and options .
  • If you are a Community West shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PXD, BSQR, CWBC, CVCY

Retrieved on: 
Sunday, October 15, 2023

If you are a Pioneer shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Pioneer shareholder, click here to learn more about your rights and options .
  • If you are a Bsquare shareholder, click here to learn more about your rights and options .
  • If you are a Community West shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

COMMUNITY WEST INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Community West Bancshares - CWBC

Retrieved on: 
Friday, October 13, 2023

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Community West Bancshares (NasdaqGM: CWBC) to Central Valley Community Bancorp (NasdaqCM: CVCY).

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Community West Bancshares (NasdaqGM: CWBC) to Central Valley Community Bancorp (NasdaqCM: CVCY).
  • Under the terms of the proposed transaction, shareholders of Community West will receive 0.79 shares of Central Valley for each share of Community West that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

CVCY Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Central Valley Community Bancorp Is Fair to Shareholders

Retrieved on: 
Wednesday, October 11, 2023

Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Central Valley Community Bancorp (NASDAQ: CVCY) and Community West Bancshares is fair to Central Valley shareholders.

Key Points: 
  • Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Central Valley Community Bancorp (NASDAQ: CVCY) and Community West Bancshares is fair to Central Valley shareholders.
  • Following the proposed transaction, existing Central Valley shareholders will own approximately 63% of the outstanding shares of the combined company.
  • The investigation concerns whether Central Valley and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Central Valley shareholders; and (2) disclose all material information necessary for Central Valley shareholders to adequately assess and value the merger consideration.
  • On behalf of Central Valley shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

CWBC STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Sale of Community West Bancshares Is Fair to Shareholders

Retrieved on: 
Wednesday, October 11, 2023

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Community West Bancshares (NASDAQ: CWBC) to Central Valley Community Bancorp for 0.79 shares of Central Valley common stock for each share of Community West common stock is fair to Community West shareholders.

Key Points: 
  • Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Community West Bancshares (NASDAQ: CWBC) to Central Valley Community Bancorp for 0.79 shares of Central Valley common stock for each share of Community West common stock is fair to Community West shareholders.
  • Following the proposed transaction, existing Community West shareholders will own approximately 37% of the combined company.
  • The investigation concerns whether Community West and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Community West shareholders; (2) determine whether Central Valley is underpaying for Community West; and (3) disclose all material information necessary for Community West shareholders to adequately assess and value the merger consideration.
  • On behalf of Community West shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Central Valley Community Bancorp and Community West Bancshares to Merge

Retrieved on: 
Wednesday, October 11, 2023

Central Valley Community Bancorp (Central Valley), (NASDAQ: CVCY), headquartered in Fresno, California, together with its banking subsidiary, Central Valley Community Bank (CVCB) and Community West Bancshares (Community West) (NASDAQ: CWBC), parent company of Community West Bank (CWB), headquartered in Goleta, California, announced today the signing of an Agreement of Reorganization and Merger, dated October 10, 2023, pursuant to which the companies will combine in an all-stock merger transaction.

Key Points: 
  • Central Valley Community Bancorp (Central Valley), (NASDAQ: CVCY), headquartered in Fresno, California, together with its banking subsidiary, Central Valley Community Bank (CVCB) and Community West Bancshares (Community West) (NASDAQ: CWBC), parent company of Community West Bank (CWB), headquartered in Goleta, California, announced today the signing of an Agreement of Reorganization and Merger, dated October 10, 2023, pursuant to which the companies will combine in an all-stock merger transaction.
  • Under the terms of the agreement, Community West Bancshares will merge with and into Central Valley Community Bancorp and Community West Bank will merge with and into Central Valley Community Bank.
  • Under the terms of the agreement, Community West Bancshares shareholders will be entitled to receive 0.79 shares of Central Valley Community Bancorp common stock for each share of Community West Bancshares common stock.
  • “Central Valley Community Bank has steadily and profitably grown for over 43 years, building a highly attractive franchise in California’s San Joaquin Valley and Greater Sacramento region,” said James J. Kim, President and CEO of Central Valley Community Bancorp and Central Valley Community Bank.