News & Press Releases

Irvine, California – July 31, 2019 – The Bank reported net income for the three months ended June 30, 2019 of $2,200,000 or $0.57 per common share, compared with net income of $1,032,000 or $0.25 per common share for the three months ended June 30, 2018, an EPS increase of 128%. Net income for the six months ended June 30, 2019 of $4,078,000 or $1.06 per common share, compared with net income of $2,669,000 or $0.65 per common share for the six months ended June 30, 2018, an EPS increase of 63%.

Irvine, California – May 16, 2019 – CommerceWest Bank joined the Association for Corporate Growth to celebrate middle market companies. The annual awards gala honored companies in Orange County and the Inland Empire that had outstanding growth and leadership in their industries. The Association for Corporate Growth is a trusted network of business leaders that share knowledge, insights, and business opportunities with each other.

Irvine, California – April 26, 2019 – CommerceWest Bank The Bank reported record net income for the three months ended March 31, 2019 of $1,878,000 or $0.48 per common share, compared with net income of $1,637,000 or $0.40 per common share for the three months ended March 31, 2018, an EPS increase of 20%.

Irvine, California – March 5, 2019 – CommerceWest Bank announced the approval of a quarterly cash dividend by its Board of Directors. The Board of Directors declared a cash dividend of $0.17 per common share, payable April 12, 2019 to shareholders of record on March 15, 2019.

Irvine, California – January 29, 2019 – CommerceWest Bank reported record net income for the three months ended December 31, 2018 of $1,692,000 or $0.43 per common share, compared with net income of $1,073,000 or $0.27 per common share for the three months ended December 31, 2017, an EPS increase of 59%. The Bank also reported record net income for the twelve months ended December 31, 2018 of $5,937,000 or $1.47 per common share, compared with net income of $5,005,000 or $1.22 per common share for the twelve months ended December 31, 2017, an EPS increase of 20%.

Irvine, California – January 16, 2019 –CommerceWest Bank’s CFO Leeann Cochran nominated for CFO of the Year by the Orange County Business Journal. The 2020 CFO of The Year Awards are presented to financial professionals in Orange County for outstanding performance as corporate stewards for the preceding fiscal year.

Irvine, California – December 5, 2018 – CommerceWest Bank announced the approval of a quarterly cash dividend by its Board of Directors. The Board of Directors declared a cash dividend of $0.17 per common share, payable January 11, 2019 to shareholders of record at December 14, 2018.

Irvine, California – October 27, 2018 – CommerceWest Bank helped empower families affected by autism in supporting Talk About Curing Autism (TACA). TACA helps to strengthen the autism community by connecting families and the professionals who can help them. It allows families to share stories and information to help improve the quality of life for people with autism.

Irvine, California – October 25, 2018 – CommerceWest Bank reported net income for the three months ended September 30, 2018 of $1,576,000 or $0.39 per common share, compared with net income of $1,345,000 or $0.33 per common share for the three months ended September 30, 2017, an EPS increase of 18%. Net income for the nine months ended September 30, 2018 of $4,245,000 or $1.04 per common share, compared with net income of $3,932,000 or $0.96 per common share for the nine months ended September 30, 2017, an EPS increase of 8%.

Irvine, California – October 13, 2018 – CommerceWest Bank helped Augie’s Quest Provide ALS Research. ALS, also called Lou Gehrig’s disease, is a neurological disease that causes dysfunction in the nerves and causes the brain to lose its ability to initiate and control muscle movement. Augie’s Quest is dedicated to finding treatments and cures for ALS.