Community West Bancshares filings document the regulatory record of a California bank holding company and its wholly owned bank subsidiary, Community West Bank. The company’s disclosures cover banking operations, operating and financial results, dividends, capital-structure matters, material agreements, completed merger activity and Regulation FD investor presentations.
The filing record also includes definitive proxy materials and Form 8-K reports addressing governance, shareholder voting matters, executive compensation, board oversight and officer or director changes. Risk-factor and capital disclosures relate to the company’s community banking model, including lending, deposits, securities, non-interest income and bank regulatory obligations.
Community West Bancshares president Martin E. Plourd reported buying 282 shares of CWBC common stock in an open-market transaction at $20.65 per share. The shares were purchased as part of the Company's ESPP plan, bringing his directly held stake to 112,536 shares.
Community West Bancshares Executive Vice President Shannon R. Livingston bought 266 shares of CWBC common stock in an open-market purchase at $20.65 per share. After this transaction, direct holdings increased to 21,648 shares. The shares were purchased as part of the company's employee stock purchase plan (ESPP).
Community West Bancshares executive Dawn M. Cagle increased her direct ownership in CWBC through a compensated purchase. On this Form 4, the Executive Vice President reported buying 351 shares of common stock at $20.65 per share on February 27, 2026, in an open-market transaction made under the company's Employee Stock Purchase Plan (ESPP). Following this purchase, her directly held position rose to 13,724 shares of CWBC common stock.
Community West Bancshares CEO and director James J. Kim bought 1,089 shares of the company’s common stock in an open-market purchase on February 27, 2026 at a price of $20.65 per share. After this transaction, he directly owns 58,849 shares, with the purchase made through the Company’s ESPP plan.
Community West Bancshares executive buys shares through ESPP. Executive Vice President Jeffrey Michael Martin purchased 206 shares of CWBC common stock in an open-market transaction at $20.65 per share as part of the company's employee stock purchase plan. Following this ESPP-related purchase, his direct ownership increased to 24,616.8163 shares.
Community West Bancshares announced that Blaine C. Lauhon, Executive Vice President and Chief Operating Officer of Community West Bank, plans to retire effective December 31, 2026. Lauhon has held senior roles across the bank since 2017, following its acquisition of Folsom Lake Bank.
His responsibilities have recently included leading the Operations Division, covering areas such as loan operations, facilities, technology and data, project management, deposit operations, and marketing. Management describes his retirement as the culmination of a banking career of more than 40 years and highlights his role in guiding transformative initiatives and supporting the bank’s growth across Central California.
Community West Bancshares director Kirk Stovesand exercised stock options and acquired additional common shares. On February 23, 2026, he exercised options on 1,350 CWBC shares, increasing his direct holdings to 79,962 shares of common stock and 2,370 stock options outstanding.
Community West Bancshares proposes to acquire United Security Bancshares in a stock-for-stock merger under the Agreement and Plan of Merger dated December 16, 2025, with CWB as the surviving company.
Under the merger, each outstanding share of USB common stock will convert into 0.4520 shares of CWB common stock (cash for fractional shares). Based on issued and outstanding shares as of September 30, 2025, pro forma ownership is expected to be 70.6% for current CWB shareholders and 29.4% for current USB shareholders. Using CWB closing prices of $24.06 on December 16, 2025 and $24.28 on February 18, 2026, the implied per‑share values for USB are $10.88 and $10.97, with aggregate transaction values of approximately $191.9M and $193.3M, respectively.
The merger is conditioned on shareholder approvals at special meetings on March 30, 2026, required regulatory approvals (Federal Reserve, FDIC, DFPI and Nasdaq non‑objection), effectiveness of the registration statement and delivery of tax opinions that the transaction qualifies as a Section 368(a) reorganization.
Community West Bancshares and United Security Bancshares have entered into a merger agreement under which USB will merge with and into CWB, with CWB as the surviving company. USB shareholders will receive 0.4520 shares of CWB common stock per USB share, with cash in lieu of fractional shares.
Based on CWB closing prices, the implied per-share values were $10.88 (closing 12/16/2025) and $10.97 (closing 2/18/2026), with aggregate implied transaction values of approximately $191.9M and $193.3M, respectively. Post-merger ownership is expected to be approximately 70.6% for current CWB shareholders and 29.4% for current USB shareholders.
The transaction is conditioned on shareholder approvals at special meetings on 3/30/2026, required regulatory approvals (Federal Reserve, FDIC, DFPI, Nasdaq non-objection) and other closing conditions, and is expected to be consummated in the second quarter of 2026 if conditions are met.
Community West Bancshares director Kirk Stovesand reported an open-market purchase of CWBC common stock. On February 20, 2026, he bought 376 shares at $24.50 per share, increasing his direct holdings to 78,612 shares of common stock.