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Last $14.45 USD
Change Today 0.00 / 0.00%
Volume 0.0
CWBK On Other Exchanges
Symbol
Exchange
OTC BB
As of 8:10 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

commercewest bank na (CWBK) Snapshot

Open
$14.45
Previous Close
$14.45
Day High
$14.45
Day Low
$14.45
52 Week High
06/19/15 - $14.75
52 Week Low
12/19/14 - $12.95
Market Cap
65.7M
Average Volume 10 Days
5.0K
EPS TTM
$1.12
Shares Outstanding
4.6M
EX-Date
--
P/E TM
12.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for COMMERCEWEST BANK NA (CWBK)

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commercewest bank na (CWBK) Details

Commerce West Bank, N.A. provides commercial banking and financial services primarily to small and mid-sized businesses, and their owners and key executives in Orange, Riverside, Los Angeles, and San Diego counties, Southern California. The company offers 24/7 support and a suite of online banking services, including electronic solutions for account receivables and payables, electronic wire transfers, electronic returned item notifications, and the ability to schedule and execute ACH transitions. It also provides imaged lockbox services; association banking services focusing on the needs of community associations and management companies; business lending lines, such as HOA, working capital, commercial real estate lending, and SBA lending loans, as well as credit card services; and business accounts, including checking, money market, savings, attorney client and escrow trust, and certificates of deposit accounts. In addition, the company offers cash and treasury management services, such as remote deposit, ATM, investment management, merchant card, positive pay, and account reconciliation; and signature services. It serves professional industries; real estate industries, such as title, escrow, HOA, and residential and commercial property management; and transactional processors, including payroll companies, electronic transaction processors, and money service businesses. The company was founded in 2001 and is headquartered in Irvine, California with additional offices in Newport Beach, San Marcos, and Gardena, California.

Founded in 2001

commercewest bank na (CWBK) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

commercewest bank na (CWBK) Key Developments

Commerce West Bank, N.A. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Commerce West Bank, N.A. reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, interest income was $4,242,000 against $3,858,000 a year ago. Net interest income was $3,930,000 against $3,554,000 a year ago. Earnings before income taxes were $1,620,000 against $1,421,000 a year ago. Net income was $1,011,000 against $1,421,000 a year ago. Diluted earnings per share were $0.24 against $0.32 a year ago. Return on assets was 0.98% against 1.51% a year ago. Return on equity was 7.20% against 10.52% a year ago. For the six months, interest income was $8,338,000 against $7,463,000 a year ago. Net interest income was $7,729,000 against $6,839,000 a year ago. Earnings before income taxes were $3,214,000 against $2,524,000 a year ago. Net income was $2,012,000 against $2,524,000 a year ago. Diluted earnings per share were $0.48 against $0.57 a year ago. Return on assets was 0.98% against 1.37% a year ago. Return on equity was 7.27% against $9.43% a year ago.

Commerce West Bank, N.A. Agrees to Pay $7.5 Million Settlement to Residential Funding Co. LLC

Community West Bank NA announced that it has reached a settlement with Residential Funding Co. LLC after the close of business on June 8, 2015, resolving the litigation between the two parties concerning residential mortgage loans sold to Residential Funding. Under the settlement, the bank agreed to pay Residential Funding $7.5 million. With some insurance recovery, Community West Bancshares expects this settlement to reduce second-quarter after-tax net income by approximately $4.2 million and to reduce EPS and book value per share by 51 cents.

CommerceWest Bank Appoints Linda Cardoza to Specialty Banking Group as Vice President and Specialty Banking Officer

CommerceWest Bank announced that Ms. Linda Cardoza has joined their Specialty Banking Group as a Vice President and Specialty Banking Officer. She will be focused on working with the Bank's HOA and Property Management clients, as well as the Bank's other specialty banking clients. Ms. Cardoza previously worked as a Vice President and Relationship Manager in the HOA and Property Management Division for US Bank.

 

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CWBK

Industry Average

Valuation CWBK Industry Range
Price/Earnings 12.9x
Price/Sales 3.2x
Price/Book 1.0x
Price/Cash Flow 8.0x
TEV/Sales NM Not Meaningful
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