CW BANCORP Quarterly Cash Dividend

Rhea-AI Summary

CW BANCORP (OTCQX: CWBK) has announced its Board of Directors has approved a quarterly cash dividend of $0.23 per common share. The dividend will be payable on April 1, 2025, to shareholders of record on March 14, 2025.

CommerceWest Bank, founded in 2001 and headquartered in Irvine, California, focuses on serving small and medium-sized businesses throughout California through its digital banking platform. The bank offers comprehensive commercial banking services including remote deposit solutions, online banking, mobile banking, credit lines, M&A loans, working capital loans, commercial real estate loans, SBA loans, and treasury management services.

Positive

• Regular quarterly dividend payment shows financial stability
• $0.23 per share dividend provides steady income for shareholders

Negative

• None.

IRVINE, Calif., Feb. 27, 2025 /PRNewswire/ -- CW BANCORP (OTCQX: CWBK), 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, payable April 1, 2025 to shareholders of record on March 14, 2025. 

CommerceWest Bank is determined to redefine banking for small and medium sized businesses by delivering on customized products and services.  Founded in 2001 and headquartered in Irvine, California, the Bank serves businesses throughout the state of California with our digital banking platform.  By employing a strategically selected team of experienced professionals, we will provide flexibility, create a complete, safe and sound banking experience for each client.  We provide a wide range of commercial banking services, including, remote deposit solution, NetBanker online banking, mobile banking, lines of credit, M&A / working capital loans, commercial real estate loans, SBA loans and treasury management services.

Mission Statement: CommerceWest Bank will create a complete banking experience for each client, catering to businesses and their specific banking needs, while accommodating our clients and providing them high-quality, low stress and personally tailored banking and financial services.

Please visit www.cwbk.com to learn more about the bank. "BANK ON THE DIFFERENCE"

Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties.  Actual results may differ materially from stated expectations.  Specific factors include, but are not limited to, loan production, balance sheet management, expanded net interest margin, the ability to control costs and expenses, interest rate changes, financial policies of the United States government and general economic conditions.  The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any forward-looking statements contained in this release to reflect future events or developments.

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SOURCE CW Bancorp

FAQ

What is the dividend amount announced by CW BANCORP (CWBK) for Q1 2025?

CW BANCORP announced a quarterly cash dividend of $0.23 per common share.

When is the CWBK dividend payable and what is the record date?

The dividend is payable on April 1, 2025, to shareholders of record as of March 14, 2025.

What banking services does CWBK offer to businesses in California?

CWBK offers remote deposit, online/mobile banking, credit lines, M&A loans, working capital loans, commercial real estate loans, SBA loans, and treasury management services.

Where does CW BANCORP (CWBK) primarily operate its banking services?

CWBK operates throughout the state of California, with headquarters in Irvine, serving businesses through its digital banking platform.