Contact: Martin E. Plourd, President and CEO
(805) 692-4382
Community West Bank Receives Approval to
Open Full Service Branch Office in San Luis Obispo
Goleta, CA, February 17, 2016 – Community West Bancshares, (NASDAQ: CWBC), parent company
of Community West Bank, today announced that the Office of the Comptroller of the Currency (OCC)
approved its application to establish a full-service branch office at 4464 Broad Street in San Luis
Obispo. This will be the first branch office in San Luis Obispo County for Community West Bank,
which is headquartered in Goleta, California.
“Our new San Luis Obispo branch office will open this year, in the third or fourth quarter,” said Bill
Filippin, Executive Vice President and Chief Banking Officer. “After more than 25 years serving Santa
Barbara and Ventura Counties, we’re excited about expanding into San Luis Obispo County and will
look for opportunities to establish additional offices here.”
Community West Bank opened a loan production office in San Luis Obispo at 1977 Santa Barbara
Avenue in September, 2015, with an experienced team of business bankers, led by Jason Bietz,
Senior Vice President and Regional Market Manager. The new branch office will replace the San Luis
Obispo loan production office. Community West Bank currently has five full-service banking offices,
in Goleta, Santa Barbara, Santa Maria, Ventura and Westlake Village.
About Community West Bank
Founded in 1989, Community West Bank has grown to over $600 million in assets, with full-service
banking branches in Goleta, Santa Barbara, Santa Maria, Ventura and Westlake Village, and a loan
production office in San Luis Obispo. Community West Bank is a wholly owned subsidiary of
Community West Bancshares (NASDAQ: CWBC), a financial services company with headquarters in
Goleta, California. For more information, visit www.CommunityWestBank.com.
Safe Harbor Disclosure
This release contains forward-looking statements that reflect management’s current views of future
events and operations. These forward-looking statements are based on information currently
available to the Company as of the date of this release. It is important to note that these forwardlooking statements are not guarantees of future performance and involve risks and uncertainties,
including, but not limited to, the ability of the Company to implement its strategy and expand its lending
operations.
###