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Community West Bancshares in Goleta, Calif., said that a litigation settlement concerning its sale of residential-mortgage loans will reduce its second-quarter profit.
June 12 -
Community West Bancshares in Goleta, Calif., is continuing to find ways to buy back stock it issued through the Troubled Asset Relief Program.
October 9 -
Heritage Oaks Bancorp (HEOP) in Paso Robles, Calif., plans to cut about 18% of its workforce and close five branches after it buys Mission Community Bancorp (MISN) in San Luis Obispo, Calif.
December 10
Community West Bancshares in Goleta, Calif., has filled a board vacancy with James Lokey, a former chief executive of several California community banks.
The $572 million-asset holding company also named Lokey to the board of Community West Bank, it announced Monday.
Lokey has filled one of two vacancies on the Community West Bancshares board, CEO Martin Plourd said in an interview.
"We wanted direct representation from [the San Luis Obispo County] market," Plourd said, adding that Lokey brings a "wealth of experience and knowledge" of the area from his previous banking experience.
Lokey was chairman and CEO of Mission Community Bancorp in San Luis Obispo from 2010 to 2014, when it was sold to Heritage Oaks Bancorp in Paso Robles. Lokey was also president of Rabobank in Roseville from 2007 to 2009; CEO of Mid-State Bank & Trust in Arroyo Grande from 2000 to 2007; and CEO of Downey Savings & Loan in Newport Beach from 1997 to 1998. He's also a past chairman of the California Bankers Association.
Community West on June 12
