GOLETA, Calif., June 13, 2022 (GLOBE NEWSWIRE) — Group West Bancshares (NASDAQ: CWBC), mother or father corporate of Group West Financial institution, introduced its inclusion in American Banker mag’s annual listing of Most sensible 200 Publicly Traded Group Banks and Thrifts.
In its Might 2022 factor, American Banker ranked Group West Bancshares 125th on its Most sensible 200 Publicly Traded Group Banks and Thrifts listing in keeping with three-year reasonable go back on fairness (“ROE”) as of 12/31/2021 (Supply: Capital Efficiency Workforce). The ratings come with publicly-traded banks and thrifts with lower than $2 billion in property.
“American Banker is a extremely revered business e-newsletter and it’s an honor to be so favorably known in this prestigious listing of network banks,” stated Marty Plourd, Leader Govt Officer. “Our financial institution’s luck is because of our staff’ willpower to serving to native households and companies achieve their monetary targets, that specialize in robust relationships with our purchasers and communities on California’s central coast.”
About Group West Financial institution
Group West Financial institution is a completely owned subsidiary of Group West Bancshares (NASDAQ: CWBC), a monetary products and services corporate with headquarters in Goleta, California. Group West Financial institution first opened its doorways on August 21, 1989 as Goleta Nationwide Financial institution, at 5827 Hollister Road – a website that continues to be a Group West Financial institution department workplace these days. The financial institution modified its identify to Group West Financial institution in September 2004 to raised replicate its enlargement past Santa Barbara County. Group West Financial institution is the most important publicly traded and simplest network financial institution headquartered and serving California’s Central Coast house of Ventura, Santa Barbara and San Luis Obispo counties with full-service banking department workplaces in Goleta, Oxnard, Paso Robles, San Luis Obispo, Santa Barbara, Santa Maria and Ventura and has grown to over one thousand million bucks in property. For more info, talk over with www.CommunityWestBank.com.
Group West was once named to Piper Sandler’s Financial institution and Thrift Sm-All Stars – Magnificence of 2021. This award known Group West as one of the vital best 35 easiest acting small capitalization establishments from an inventory of publicly traded banks and thrifts within the U.S. with marketplace capitalizations lower than $2.5 billion.
Group West Financial institution was once awarded a “Tremendous Premier Efficiency” ranking by means of The Findley Reviews. For 52 years, The Findley Reviews has been spotting the monetary efficiency of banking establishments in California and the Western United States. Group West Financial institution is rated 5-star Awesome by means of Bauer Monetary.
Secure Harbor Disclosure
This liberate accommodates positive forward-looking statements concerning the Corporate and the Financial institution which can be meant to be lined by means of the secure harbor for “forward-looking statements” equipped by means of the Personal Securities Litigation Reform Act of 1995. Statements that aren’t ancient or present details, together with statements about long run monetary and operational effects, expectancies, or intentions are forward-looking statements. Such statements replicate control’s present perspectives of long run occasions and operations. Those forward-looking statements are in keeping with data these days to be had to the Corporate as of the date of this liberate. It is very important word that those forward-looking statements aren’t promises of long run efficiency and contain and are topic to vital dangers, contingencies, and uncertainties, a lot of which can be tough to expect and are typically past our keep an eye on together with, however now not restricted to, dangers from the COVID-19 pandemic, the energy of america financial system on the whole and of the native economies during which we habits operations, the impact of, and adjustments in, business, financial and financial insurance policies and rules, together with adjustments in rate of interest insurance policies of the Board of Governors of the Federal Reserve Gadget, inflation, climate, herbal screw ups, local weather trade, higher unemployment, deterioration in credit score high quality of our mortgage portfolio and/or the worth of the collateral securing the compensation of the ones loans, relief within the price of our funding securities, the prices and results of litigation and of inauspicious results of such litigation, the fee and skill to draw and retain key staff, a breach of our operational or safety programs, insurance policies or procedures together with cyber-attacks on us or 3rd birthday celebration distributors or provider suppliers, regulatory or criminal trends, United States tax insurance policies, together with our efficient source of revenue tax price, and our talent to put in force and execute our marketing strategy and technique and enlarge our operations as equipped therein. Exact effects might vary materially from the ones set forth or implied within the forward-looking statements because of a lot of components together with the danger components contained in paperwork filed by means of the Corporate with the Securities and Change Fee and are to be had within the “Investor Family members” segment of our web page, https://www.communitywest.com/sec-filings/paperwork/default.aspx. The Corporate is underneath no legal responsibility (and expressly disclaims any legal responsibility) to replace or regulate such forward-looking statements, whether or not because of new data, long run occasions, or another way, with the exception of as required by means of regulation.
Martin E. Plourd, Leader Govt Officer