Business Banker Phil Morreale Joins Community West Bank
Goleta, CA, October 22, 2019 — Community West Bancshares, (NASDAQ: CWBC), parent company of Community West Bank, today announced that Phil Morreale has joined the bank.Mr. Morreale is Vice President and Senior Relationship Manager, with an office at Community West Bank’s Santa Barbara full-service branch at 1501 State Street.
“Phil Morreale is a very experienced and respected local banker, with a distinguished background of serving Santa Barbara business clients,” said Bill Filippin, Executive Vice President and Chief Banking Officer.“We are very pleased to welcome Phil to the Community West Bank team.”
Before joining Community West Bank, Mr. Morreale was Senior Vice President and Managing Director at 1st Capital Bank, and previously was Senior Vice President and Santa Barbara Center Manager at Citizens Business Bank. He is a graduate of San Diego State University, and is active in the community, serving as a board member for the Children’s Creative Project, and as loan committee member with Housing Trust Fund of Santa Barbara County.
About Community West Bank
Community West Bank is the largest publicly traded and only community bank headquartered and serving California’s Central Coast area of Ventura, Santa Barbara and San Luis Obispo counties with eight full-service banking branch offices in Goleta, Oxnard, Paso Robles, San Luis Obispo, Santa Barbara, Santa Maria, Ventura and Westlake Village. Founded in 1989, the bank is celebrating its 30th anniversary this year, and has grown to over $882 million in assets. Community West Bank is a wholly owned subsidiary of Community West Bancshares, a financial services company with headquarters in Goleta, California. In April 2019, Community West Bank was awarded a “Premier” rating by The Findley Reports. In making their selections, The Findley Reports focuses on these four ratios: growth, return on beginning equity, net operating income as a percentage of average assets, and loan losses as a percentage of gross loans. For more information, visit www.CommunityWestBank.com.
Safe Harbor Disclosure
This release contains forward-looking statements that reflect management’s current views of future events and operations.These forward-looking statements are based on information currently available to the Company as of the date of this release.It is important to note that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including, but not limited to, the ability of the Company to implement its strategy and expand its lending operations.