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8-K

Community West Bancshares (CWBC)

8-K 2020-02-25 For: 2020-02-19
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Added on April 09, 2026
UNITED STATES<br><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: February 19, 2020

(Date of earliest event reported)

Central Valley Community Bancorp
(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, Fresno, 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)
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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o 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 o

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

On February 19, 2020, Edwin S. Darden, Jr, member of the board of directors of Central Valley Community Bancorp (the “Company”) and Central Valley Community Bank (the “Bank”) informed the Company that he will retire from the Board of the Company and the Bank effective as of May 18, 2020. Mr. Darden is not resigning due to any disagreement with the Company on any matter related to the Company’s operations, policies or practices. Mr. Darden has served as a member of the Board of the Company and the Bank since 2001.

The Company’s press release announcing the retirement of Mr. Darden is filed herewith as Exhibit 99.1 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 dated February 24, 2020

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: February 24, 2020 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<br><br>Accounting Officer)
Exhibit Index
--- ---
Exhibit No. Description
99.1 Press Release Dated February 24, 2020
		Exhibit

dardenretirementprimage1.jpg

FOR IMMEDIATE RELEASE

CONTACT:    Debbie Nalchajian-Cohen

(559) 222-1322

CENTRAL VALLEY COMMUNITY BANCORP ANNOUNCES

BOARD MEMBER RETIREMENT

FRESNO, CALIFORNIA…February 24, 2020…The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the bank holding company and parent company of Central Valley Community Bank (Bank), headquartered in Fresno, California, announced today the retirement of Board Member, Edwin “Ed” S. Darden, Jr. after 19 years of service, effective May 18, 2020.

Through the leadership of the hands-on Board of Directors, the Company has grown steadily and sensibly for forty years, while keeping pace with the needs of its clients and the communities it serves. During Darden’s leadership on the Board, he served on a variety of committees and has been active in helping oversee the Bank’s growth, which has reached nearly $1.6 billion in assets as of December 31, 2019, and includes 20 Banking Centers located throughout the San Joaquin Valley and Greater Sacramento regions.

“On behalf of all our Directors, we thank Ed for his many years of service on our Board in which we have benefited from his strong business acumen, commitment to the communities we represent and his deep appreciation for our team over the past 19 years,” Daniel J. Doyle, Chairman of the Board for Central Valley Community Bancorp and Central Valley Community Bank.

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Central Valley Community Bancorp – Page 2

Since joining the Board in 2001, Darden’s business and marketplace knowledge as a business owner and architect, his support to the nonprofit organizations where the Bank has invested team member time and financial resources, and his deep care of the team has been greatly appreciated.

Darden’s career includes serving as principal of Darden Architects; a well-respected architectural firm founded by his father in Fresno, California, that provides professional services for education, medical and other commercial projects in the San Joaquin Valley. He received his Bachelor of Architecture from Cal Poly San Luis Obispo. His professional and community stewardship has included service to the Rotary Club of Fresno, Rotary Playland and The American Red Cross, as well as being an active participant with Saint Agnes Medical Center, Valley Children’s Hospital, and California State University, Fresno.

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 opening to the public in January 1980, and is the sole subsidiary of Central Valley Community Bancorp. Central Valley Community Bank operates full-service offices throughout California’s San Joaquin Valley and Greater Sacramento regions. Additionally, the Bank operates Commercial Real Estate Lending, SBA Lending, and Agribusiness Lending Departments. Central Valley Investment Services are provided by Raymond James Financial, Inc.

Members of Central Valley Community Bancorp’s and the Bank’s Board of Directors are: Daniel J. Doyle (Chairman), Daniel N. Cunningham (Vice Chairman), Edwin S. Darden, Jr., F. T. “Tommy” Elliott, IV, Robert J. Flautt, James M. Ford, Gary D. Gall, Steven D. McDonald, Louis C. McMurray, Karen 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 Central Valley Community Bank on Twitter and Facebook.

PHOTO ATTACHMENT:

Edwin S. Darden,

Director, Central Valley Community Bancorp and Central Valley Community Bank