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Robert Bartlein, a director at Community West Bancshares (NASDAQ:CWBC), acquired 1,000 shares of the company’s common stock on March 13, 2025. The shares were purchased at a price of $17.86 each, totaling $17,860. Following this transaction, Bartlein now holds 436,876 shares directly.
This purchase reflects Bartlein’s continued investment in Community West Bancshares, a state commercial bank based in Fresno, California. The bank maintains a solid 2.67% dividend yield and has consistently paid dividends for 14 consecutive years. InvestingPro subscribers can access 5 additional key insights about CWBC’s financial health and growth prospects.
In other recent news, Community West Bancshares has reported significant developments, including the resignation of Chief Credit Officer Patrick A. Luis, effective February 28, 2025. The company confirmed that his departure was not due to any disagreements with the bank’s operations, policies, or practices. As part of his exit, Mr. Luis will receive an Accelerated Benefit of $30,798 and his unvested shares will become fully vested. In other executive changes, Community West Bancshares has revamped its employment agreements for six executive officers, effective January 30, 2025. CEO James J. Kim’s new contract includes a base salary of $625,000 and a 60% incentive bonus target, while other executives like CFO Shannon R. Livingston and COO Blaine C. Lauhon have revised compensation structures as well. These agreements also outline benefits such as company cars and severance payments in the event of termination without cause. Additionally, the company has entered into a Salary Continuation Agreement with CFO Livingston, ensuring her an annual payment for 15 years post-separation. The company has fulfilled its regulatory obligations by filing these changes with the SEC.
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