8-K
Community West Bancshares (CWBC)
| UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION |
|---|
| Washington, D.C. 20549 |
| FORM 8-K |
| CURRENT REPORT |
| Pursuant to Section 13 or 15(d) of the<br>Securities Exchange Act of 1934 |
Date of Report: April 13, 2022
(Date of earliest event reported)
| Central Valley Community Bancorp | ||||||
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| (Exact name of registrant as specified in its charter) | ||||||
| CA<br><br>(State or other jurisdiction<br><br>of incorporation) | 000-31977<br><br>(Commission File Number) | 77-0539125<br><br>(IRS Employer<br><br>Identification Number) | ||||
| 7100 N. Financial Dr., Ste. 101, Frenso, CA<br><br>(Address of principal executive offices) | 93720<br><br>(Zip Code) | |||||
| 559-298-1775<br><br>(Registrant’s telephone number, including area code) | Securities registered pursuant to Section 12(b) of the Act: | |||||
| --- | --- | --- | ||||
| Common Stock, no par value | CVCY | NASDAQ | ||||
| (Title of Each Class) | (Trading Symbol) | (Name of Each Exchange on which Registered) | ||||
| Not Applicable<br><br>(Former Name or Former Address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act o
Item 5.02 (e) Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On April 13, 2022, management of Central Valley Community Bancorp (“Company”), the parent company of Central Valley Community Bank (“Bank”) issued a press release announcing the appointment of Jeff M. Martin as the Bank’s Executive Vice President, Market Executive, effective April 18, 2022, to lead the Bank’s Northern region encompassing Greater Sacramento, San Joaquin, Stanislaus and Merced Counties. Mr. Martin, age 48, will receive an initial annual base salary of $215,000, and will be eligible to participate in executive management incentive plans, benefits, and perquisites. Mr. Martin joins the Bank from a California community bank where he was regional president, covering a similar northern area territory in the state.
A copy of the press release dated April 13, 2022 is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(a) Financial statements:
None
(b) Pro forma financial information:
None
(c) Shell company transactions:
None
(d) Exhibits
99.1 Press Release of Central Valley Community Bancorp dated April 13, 2022
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: | April 13, 2022 | CENTRAL VALLEY COMMUNITY BANCORP<br><br><br><br>By: /s/ David A. Kinross<br><br>David A. Kinross<br><br>Executive Vice President and Chief Financial Officer (Principal Accounting Officer) |
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| Exhibit Index | ||
| --- | --- | |
| Exhibit No. | Description | |
| 99.1 | Press Release of Central Valley Community Bancorp dated April 13, 2022 |
Document

FOR IMMEDIATE RELEASE
CONTACT: Debbie Nalchajian-Cohen
559.222.1322
CENTRAL VALLEY COMMUNITY BANK NAMES JEFF M. MARTIN
EXECUTIVE VICE PRESIDENT, MARKET EXECUTIVE
FRESNO, CALIFORNIA…April 13, 2022…James J. Kim, President and Chief Executive Officer of Central Valley Community Bank (CVCB) and Central Valley Community Bancorp (Company), announced Jeff M. Martin as Executive Vice President, Market Executive, to lead CVCB’s Northern region encompassing Greater Sacramento, San Joaquin, Stanislaus and Merced Counties. Effective April 18, 2022, he can be reached directly by emailing jeff.martin@cvcb.com.
A highly respected bank executive, Jeff brings over 20 years of leadership expertise, proven industry growth results, a drive for high client satisfaction and successful team development to CVCB. He joins the Company from a California community bank where he was regional president, covering a similar northern area territory in the state.
Jeff will serve on the Company’s Managing Committee and be responsible for leading strategic company-wide initiatives, guiding the success of his team with a specific focus on CVCB’s mission and core values, accelerating growth initiatives, and enhancing the value proposition for client relations. He will report to Blaine Lauhon, Executive Vice President and Chief Banking Officer.
“With a distinguished record of service and leadership in the Northern region and a passion for mentoring bankers to succeed, Jeff is a natural extension of CVCB’s culture and the embodiment of our mission and values,” said Kim. “We are pleased to welcome him to our seasoned executive management team, where his tremendous expertise will enhance the unique brand of service our clients expect of us. We know Jeff’s presence will also drive market expansion, opening opportunities for existing team member growth and the recruitment of new professional bankers to join our Company.”
Jeff appreciates the important role community banks play in investing in business relationships and improving communities, having served in leadership roles at both a national and a community bank. He has a keen understanding of the unique needs of Northern region businesses and is well known for his personal approach to client relations, team mentoring, and deep sense of service to the community. His educational background includes a Bachelor of Science degree from California State University,
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Central Valley Community Bank – Page 2
Sacramento, and as a community steward, he has served and assisted numerous nonprofit organizations throughout his career.
About Central Valley Community Bank
Central Valley Community Bancorp trades on the NASDAQ stock exchange under the symbol CVCY. Central Valley Community Bank, headquartered in Fresno, California, was founded in 1979 and is the sole subsidiary of Central Valley Community Bancorp. CVCB operates full-service offices throughout California’s San Joaquin Valley and Greater Sacramento region, in addition to maintaining Commercial, Real Estate and Agribusiness Lending, as well as Private Business Banking and Cash Management Departments.
Members of Central Valley Community Bancorp’s and CVCB’s Board of Directors are: Daniel J. Doyle (Chairman), Daniel N. Cunningham (Vice Chairman), F. T. “Tommy” Elliott, IV, Robert J. Flautt, Gary D. Gall, James J. Kim, Andriana D. Majarian, Steven D. McDonald, Louis C. McMurray, Karen A. Musson, Dorothea D. Silva and William S. Smittcamp. Sidney B. Cox is Director Emeritus.
More information about Central Valley Community Bancorp and Central Valley Community Bank can be found at www.cvcb.com. Also, visit CVCB on Twitter, Facebook and LinkedIn.
Photo attachment: Jeff Martin, Executive Vice President, Market Executive, Northern Region