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CWBC > SEC Filings for CWBC > Form 8-K on 27-Dec-2011All Recent SEC Filings

Show all filings for COMMUNITY WEST BANCSHARES /



Change in Directors or Principal Officers, Financial Statements and E

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On December 15, 2011, Community West Bancshares (the "Company") elected Shereef Moharram and Eric Onnen to its Board of Directors and to the Board of Directors of Community West Bank, N.A. the Company's wholly owned subsidiary, (the "Bank"). Mr. Moharram has been appointed to the Asset/Liability Committee of the Bank and Mr. Onnen has been appointed to the Audit Committee of the Board of Directors. Mr. Onnen has a loan or loans with the Bank which were made in the ordinary course of business, were on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not related to the Bank, and did not involve more than the normal risk of collectability or present other unfavorable features.

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(a) not applicable

(b) not applicable

(c) not applicable

(d) Exhibits.

The following exhibit is being furnished herewith:

99.1 Press release dated December 23, 2011, entitled "Community West Bancshares Elects Two New Directors"

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