Irvine, California – October 26, 2023 – CW Bancorp, the parent company of CommerceWest Bank, reported consolidated net income for the third quarter of 2023 of $5,234,000 or $1.61 per diluted share as compared to $4,595,000 or $1.33 per diluted share for the third quarter of 2022, an EPS increase of 21%.
Irvine, California – July 28, 2023 – CW Bancorp, the parent company of CommerceWest Bank, reported consolidated net income for the second quarter of 2023 of $4,214,000 or $1.27 per diluted share as compared to $4,186,000 or $1.20 per diluted share for the second quarter of 2022, an EPS increase of 6%.
Irvine, California – June 13, 2023 – CW Bancorp was ranked #11 in the annual published list by American Banker for The Top 200 Publicly Traded Community Banks under $2 billion in assets, surpassing the 2021 ranking of #25.
Irvine, California – April 27, 2023 – CW Bancorp, the parent company of CommerceWest Bank reported consolidated net income for the first quarter of 2023 of $4,618,000 or $1.37 per diluted share as compared to $4,058,000 or $1.15 per diluted share for the first quarter of 2022, an EPS increase of 19%.
Irvine, California – April 12, 2023 – CommerceWest Bank was named as a “Super Premier Performance” Bank by The Findley Reports.
Irvine, California – February 23, 2023 – CW BANCORP, the parent company of CommerceWest Bank announced the approval of a quarterly cash dividend by its Board of Directors. The Board of Directors declared a cash dividend of $0.23 per common share, an increase of 5% from the prior quarter, payable April 3, 2023 to shareholders of record on March 10, 2023.
Irvine, California – January 26, 2023 – CW Bancorp, the parent company (“the Company”) of CommerceWest Bank (the “Bank”) reported consolidated net income for the fourth quarter of 2022 of $4,521,000 or $1.32 per diluted share as compared to $3,974,000 or $1.11 per diluted share for the fourth quarter of 2021, an EPS increase of 19%.
Irvine, California – December 6, 2022 – CW BANCORP, the parent company of CommerceWest Bank announced the approval of a quarterly cash dividend by its Board of Directors. The Board of Directors declared a cash dividend of $0.22 per common share, payable January 3, 2023 to shareholders of record on December 16, 2022.
Irvine, California – Oct 27, 2022 – CW Bancorp (OTCQX: CWBK), the parent company (“the Company”) of CommerceWest Bank (the “Bank”) reported consolidated net income for the third quarter of 2022 of $4,595,000 or $1.33 a share as compared to $3,576,000 or $0.99 a share for the third quarter of 2021, an EPS increase of 35% and net income for the nine months ended September 30, 2022 of $12,839,000 or $3.68 a share.
Irvine, California – October 3, 2022 – Ivo Tjan, Chairman, President and CEO of CommerceWest Bank was recognized by the Los Angeles Times as a 2022 Orange County Visionary in acknowledgement for his noteworthy success to the business community during the last 18 months.