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Commencement Bancorp Inc - CBWA STOCK NEWS

Welcome to our dedicated news page for Commencement Bancorp (Ticker: CBWA), a resource for investors and traders seeking the latest updates and insights on Commencement Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Commencement Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Commencement Bancorp's position in the market.

Rhea-AI Summary
Commencement Bancorp, Inc. (CBWA) reported a net income of $3.1 million for 2023, showing a decrease from the previous year due to Federal Reserve rate increases impacting cost of funds. Despite higher interest income on loans, increased expenses related to core systems upgrade and branch expansion led to lower earnings. The Bank saw growth in total assets, total loans, and total deposits, with improved asset quality and regulatory capital ratios. Strategic investments in technology and new team members aim to support future growth and efficiency.
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Commencement Bank (CBWA) recognized as 2023 Best in Business recipient by South Sound Business Magazine
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Commencement Bank (CBWA) welcomes new team members Cheril Daniels and Sandy Snider, with extensive experience from Columbia Bank. Daniels joins as Deposit Operations & Digital Services Team Leader, Snider as branch manager, and Megan Stone is promoted to Retail Banking Team Leader. The Bank values their expertise and contributions to its culture and success.
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Commencement Bancorp, Inc. (CBWA) announced a stock repurchase program aimed at repurchasing a limited number of shares of the company's common stock. The program will allow repurchases through various methods and will be in effect from November 15, 2023, to November 14, 2024, subject to SEC requirements and specified constraints. The timing, number, and value of shares repurchased will depend on multiple factors, including market conditions and alternative investment opportunities.
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Commencement Bancorp, Inc. (OTCQX:CBWA) reports Q3 2023 net income of $762 thousand, with total loans growing by 10% to $437.2 million. The bank upgraded core systems, opened a new branch, and saw a leverage ratio of 10.02% and total capital ratio of 14.44%.
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Commencement Bank granted regulatory approval to convert loan production office into a full-service branch in Gig Harbor
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Commencement Bancorp Inc

OTC:CBWA

CBWA Rankings

CBWA Stock Data

39.65M
2.89M
7%
Commercial Banking
Finance and Insurance
Link
US
Seattle