CW BANCORP Quarterly Cash Dividend

Rhea-AI Summary

CW Bancorp (OTCQX: CWBK) has announced a quarterly cash dividend of $0.20 per common share. This dividend is set to be paid on July 1, 2021 to shareholders of record as of June 11, 2021. Operating as a full-service business bank in California, CommerceWest Bank focuses on providing customized banking solutions tailored to the business community since its inception in 2001. The bank offers a variety of services, including online banking and commercial real estate loans.

Positive

• Declared a quarterly cash dividend of $0.20 per share.
• Demonstrates confidence in financial stability and commitment to shareholders.

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• None.

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 $0.20 per common share, payable July 1, 2021 to shareholders of record on June 11, 2021.

CommerceWest Bank is a California based full service business bank with a unique vision and culture of focusing exclusively on the business community by delivering on customized products and services. Founded in 2001 and headquartered in Irvine, California, the Bank serves businesses throughout the state of California. We provide a wide range of commercial banking services, including, remote deposit solution, 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 Bank will 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210527005313/en/

FAQ

What is the dividend amount for CWBK announced in the recent press release?

The recent press release states that CW Bancorp (CWBK) declared a cash dividend of $0.20 per common share.

When is the dividend for CWBK payable?

The dividend for CW Bancorp (CWBK) is payable on July 1, 2021.

What is the record date for the CWBK dividend?

The record date for the CW Bancorp (CWBK) dividend is June 11, 2021.

What type of bank is CommerceWest Bank?

CommerceWest Bank is a full-service business bank focused on serving the business community in California.