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CW Bancorp (OTCQX: CWBK) has announced a quarterly cash dividend of $0.22 per common share, scheduled for payment on January 3, 2023, to shareholders of record as of December 16, 2022. The bank focuses on catering to small and medium-sized businesses in California by providing tailored banking products and services through a digital platform. With a commitment to quality service, CW Bancorp aims to enhance the banking experience for its clients.
Positive
Declared a quarterly cash dividend of $0.22 per share.
Payment date set for January 3, 2023, showing commitment to shareholder returns.
Negative
None.
IRVINE, Calif.--(BUSINESS WIRE)--
CW BANCORP (OTCQX: CWBK), the parent company of CommerceWest Bank, announced the approval of a quarterly cash dividend by its Board of Directors. The Board of Directors declared a cash dividend of $0.22 per common share, payable January 3, 2023 to shareholders of record on December 16, 2022.
CommerceWest Bank is determined to redefine banking for small and medium sized businesses by delivering on customized products and services. Founded in 2001 and headquartered in Irvine, California, the Bank serves businesses throughout the state of California with our digital banking platform. By employing a strategically selected team of experienced professionals, we will provide flexibility, create a complete, safe and sound banking experience for each client. We provide a wide range of commercial banking services, including remote deposit solution, NetBanker online banking, mobile banking, lines of credit, M&A / working capital loans, commercial real estate loans, SBA loans and treasury management services.
Mission Statement: CommerceWest Bankwill create a complete banking experience for each client, catering to businesses and their specific banking needs, while accommodating our clients and providing them high-quality, low stress and personally tailored banking and financial services.
Please visit www.cwbk.com to learn more about the bank. “BANK ON THE DIFFERENCE”
Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, balance sheet management, expanded net interest margin, the ability to control costs and expenses, interest rate changes, financial policies of the United States government and general economic conditions. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any forward-looking statements contained in this release to reflect future events or developments.
Bancorp Contact
CW Bancorp Mr. Ivo A. Tjan, CEO
Ms. Leeann Cochran, CFO
Telephone: (866) 521-CWBK
E-mail: InvestorRelations@cwbk.com
Website: www.cwbk.com
“Bank on the Difference”
Source: CW Bancorp
FAQ
What is the dividend amount declared by CW Bancorp?
CW Bancorp declared a cash dividend of $0.22 per common share.
When will the dividend for CWBK be paid?
The dividend will be paid on January 3, 2023.
What is the record date for the CWBK dividend?
The record date for the dividend is December 16, 2022.
