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CW Bancorp Quarterly Cash Dividend

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CW Bancorp (OTC: CWBK) announced the approval of a cash dividend of $0.20 per common share, payable on April 1, 2021, to shareholders of record on March 12, 2021. As the parent company of CommerceWest Bank, a California-based full-service business bank specializing in customized banking services for businesses, CWBK continues to focus on enhancing its offerings. The bank aims to provide a complete banking experience while adapting to clients' needs. The announcement reflects the company's commitment to returning value to shareholders.

Positive
  • Approval of a $0.20 cash dividend per share, enhancing shareholder returns.
  • Focus on the business community with customized banking products.
Negative
  • None.

CW Bancorp (OTC: 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 April 1, 2021 to shareholders of record on March 12, 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.

FAQ

When will CWBK's dividend be paid?

The dividend will be paid on April 1, 2021.

What is the amount of the dividend declared by CWBK?

The declared dividend amount is $0.20 per common share.

Who is eligible for the CWBK dividend?

Shareholders of record on March 12, 2021, are eligible for the dividend.

How does CWBK plan to support shareholder income?

CWBK plans to support shareholder income through regular cash dividends.

CW BANCORP

OTC:CWBK

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109.97M
3.31M
2.95%
Banks - Regional
Financial Services
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United States of America
Irvine