| Business Summary | | Community
West
Bancshares
is
a
financial
services
holding
company
that
offers
a
full
range
of
commercial
and
retail
financial
services,
including
the
acceptance
of
demand,
savings
and
time
deposits,
and
the
origination
of
commercial,
United
States
Small
Business
Administration,
accounts
receivable,
real
estate,
construction,
home
improvement,
short-term
consumer
and
other
installment
and
term
loans.
It
also
offers
cash
management,
remittance
processing,
electronic
banking,
merchant
credit
card
processing,
online
banking
and
other
financial
services
to
the
public.
On
December
31,
1997,
the
Company
acquired
Goleta
National
Bank.
On
December
14,
1998,
the
Company
acquired
Palomar
Savings
&
Loan
Association,
known
as
Palomar
Community
Bank.
On
December
1,
2000,
the
Company
signed
a
definitive
agreement
to
sell
Palomar
Community
Bank
to
Centennial
First
Financial
Services.
The
sale
is
expected
to
be
completed
in
the
third
quarter
of
2001. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Community
West
Bancshares
is
a
financial
service
holding
company
of
Goleta
National
Bank
and
Palomar
Community
Bank.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
12%
to
$21.6
million.
Net
interest
income
after
loan
loss
provision
fell
47%
to
$5.6
million.
Net
income
rose
33%
to
$5.1
million.
Results
reflect
lower
average
loan
balances
and
a
higher
provision
for
loan
losses,
offset
by
$7
million
in
legal
settlement
proceeds. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Alexander, 70 Chairman | -- | Llewellyn Stone, 58 CEO,
Director | $235K | Stephen Haley Pres,
COO | -- | William Peeples, 58 Vice
Chairman | -- | Lynda Radke, 31 Sr.
VP, CFO | 135K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|