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Thursday, March 28, 2024

Equity Corporate Actions Alert #2024 - 160
(UPDATED: Merger Closed) Information Regarding the Merger of Community West Bancshares (CWBC)

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  • Industry Announcement

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At a special meeting held on October 10, 2023 the shareholders of Community West Bancshares (CWBC) approved a merger with Central Valley Community Bancorp (CVCY). The merger certificate was filed today March, 28 2024 and will become automatically effective at 12:01 am on April 1, 2024. The details are as follows:

Company/Issue: Community West Bancshares Common Stock
CUSIP#: 204157101
Symbol: CWBC
Last Trading Date: March 28, 2024
Marketplace Effective Date for Suspension: April, 1, 2024
Merger Consideration: 0.79 shares of the NEW Community West Bancshares (CWBC) for each share held.

As a result of the merger the name, symbol & CUSIP of the acquirer Central Valley Community Bancorp (CVCY) will change effective April 1, 2024. The combined company will reuse the ticker symbol CWBC. The details are as follows:

Current Company Name & Issue Type: Central Valley Community Bancorp Common Stock
New Company Name & Issue Type: Community West Bancshares Common Stock
Current CUSIP: 155685100
New CUSIP: 203937107
Current Symbol: CVCY
New Symbol: CWBC

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