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Dorothea D. Silva, a director at Community West Bancshares (NASDAQ:CWBC), a $356 million market cap regional bank, recently purchased shares of the company’s common stock, according to a regulatory filing. According to InvestingPro data, the bank has maintained dividend payments for 14 consecutive years, currently offering a 2.59% yield. The transaction took place on March 19, 2025, with Silva acquiring 56.7443 shares at a price of $18.26 per share. This purchase amounted to a total value of approximately $1,036.
Following this acquisition, Silva’s direct holdings in Community West Bancshares increased to 10,224.7443 shares. The purchase was made pursuant to an order placed on March 14, 2025.
In other recent news, Community West Bancshares announced several executive changes and updates. Hinson M. Thomas has been appointed as the new Executive Vice President and Chief Credit Officer of Community West Bank, taking over the role with over 30 years of experience in the financial services industry. This appointment follows the resignation of the previous Chief Credit Officer, Patrick A. Luis, effective February 28, 2025, which was not due to any disagreements with the bank’s operations or policies. Community West Bancshares has also revamped its executive employment agreements, adjusting base salaries and potential incentive bonuses for six of its top executives. CEO James J. Kim will receive a base salary of $625,000 with an incentive bonus target of 60%. The new agreements include provisions for severance payments and additional benefits such as company cars and participation in deferred compensation plans. Additionally, a Salary Continuation Agreement has been established with CFO Shannon R. Livingston, providing her with annual payments post-separation under certain conditions. These changes reflect the company’s ongoing efforts to align its leadership and compensation structures with its strategic goals.
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