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CW Bancorp Quarterly Cash Dividend

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CW Bancorp (OTCQX: CWBK) announced a quarterly cash dividend of $0.20 per common share, scheduled for payment on October 1, 2021. Shareholders of record as of September 10, 2021 will receive this dividend. Headquartered in Irvine, California, CommerceWest Bank focuses on providing tailored banking services to the business community across California. The bank offers various commercial banking products, including loans and treasury management services. The announcement underscores the bank's commitment to returning value to shareholders.

Positive
  • Quarterly cash dividend of $0.20 boosts shareholder returns.
  • Demonstrates financial strength and confidence in future earnings.
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  • 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 $0.20 per common share, payable October 1, 2021 to shareholders of record on September 10, 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.

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 $0.20 per common share.

When will the dividend be paid to shareholders of CW Bancorp?

The dividend will be paid on October 1, 2021.

What is the record date for shareholders to receive the CW Bancorp dividend?

The record date for the dividend is September 10, 2021.

What services does CommerceWest Bank offer?

CommerceWest Bank offers a wide range of commercial banking services including loans and treasury management.

CW BANCORP

OTC:CWBK

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106.97M
3.31M
2.95%
Banks - Regional
Financial Services
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United States of America
Irvine