CWBC 8-K
Community West Bancshares (CWBC)
8-K
2025-11-13
For: 2025-11-07
View Original
Added on
April 09, 2026
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION | ||
| Washington, D.C. 20549 | ||
FORM | ||
| CURRENT REPORT | ||
| Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | ||
Date of Report: November 7, 2025
(Date of earliest event reported)
| (Exact name of registrant as specified in its charter) | ||||||||||||||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification Number) | ||||||||||||
(Address of principal executive offices) | (Zip Code) | |||||||||||||
(Registrant’s telephone number, including area code) | ||||||||||||||
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:
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||
| (Title of Each Class) | (Trading Symbol) | (Name of Each Exchange on which Registered) | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company 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 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
On November 7, 2025, Martin E. Plourd, President of Community West Bancshares (the “Company”), provided the Company’s board of directors with notice of his intention to retire as President of the Company effective on March 31, 2026. Mr. Plourd has served in the banking industry for 45 years, bringing broad experience and deep commitment to community banking. Following his retirement, Mr. Plourd plans to continue to serve as a Director on the Board of Community West Bancshares and Community West Bank.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
SIGNATURES
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: | November 13, 2025 | COMMUNITY WEST BANCSHARES By: /s/ Shannon R. Livingston Shannon R. Livingston Executive Vice President and Chief Financial Officer | ||||||
FOR IMMEDIATE RELEASE
MARTIN E. PLOURD TO RETIRE AS COMMUNITY WEST BANCSHARES PRESIDENT
He will continue to serve as a director of the Company and Bank
FRESNO, CALIFORNIA – November 13, 2025 – The Board of Directors of Community West Bancshares (“Company”) (NASDAQ: CWBC), the bank holding company and parent company of Community West Bank (“Bank”), announced the retirement of Martin E. Plourd as President of the Company, effective March 31, 2026. He plans to continue to serve as a director of the Company and Bank. Effective April 1, 2026, James J. Kim, currently CEO of the Company and CEO and President of Bank, will be appointed as CEO and President of both the Company and Bank.
“We thank Martin for his leadership and dedication to the Company,” stated Daniel J. Doyle, Chairman of the Board. “His distinguished 45-year career in banking and thoughtful perspective continue to be tremendous assets to our board.”
Martin E. Plourd was appointed as a director for the Company and Bank and President of the Company on April 1, 2024, following the completion of the acquisition of the legacy Community West Bancshares and Bank, where he previously served as President, CEO and a director since 2011. His substantial financial services background, leadership expertise and strong commitment to serving clients and communities have earned him numerous accolades over his 45-year career. In addition to his active Company and Bank board roles, Martin generously gives of his time to nonprofits and service organizations. He currently serves as the Chair of California Bankers Association.
About Community West Bank and Bancshares
Community West Bancshares (“Company”) (NASDAQ: CWBC) and its wholly owned subsidiary, Community West Bank (“Bank”), are headquartered in Fresno, California. The Company was established in 1979 with the vision to help businesses and communities by exceeding expectations at every opportunity, and opened its first Banking Center on January 10, 1980. Today, the Bank operates full-service Banking Centers throughout Central California and maintains a variety of departments supporting Commercial Lending, Agribusiness, SBA, Residential Construction and Mortgage, Manufactured Housing, Private Banking and Cash Management.
Members of the Company and Bank Board of Directors are: Daniel J. Doyle (Chairman), Robert H. Bartlein (Vice Chairman), James J. Kim (CEO of the Company and President and CEO of the Bank), Martin E. Plourd (President of the Company), Suzanne M. Chadwick, Daniel N. Cunningham, Tom L. Dobyns, F.T. “Tommy” Elliott IV, Robert J. Flautt, James W. Lokey, Andriana D. Majarian, Steven D. McDonald, Dorothea D. Silva, William S. Smittcamp and Kirk B. Stovesand. Louis C. McMurray is Director Emeritus.
More information about Community West Bancshares and Community West Bank can be found at
www.communitywestbank.com. Also, follow the Company on LinkedIn, X and Facebook.
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MEDIA CONTACT:
Debbie Nalchajian-Cohen
559-222-1322