William F. Filippin named President and Chief Credit Officer
GOLETA, Calif., Jan. 31, 2022 (GLOBE NEWSWIRE) — Community West Bancshares (“Community West” or the “Company”), (NASDAQ: CWBC), parent company of Community West Bank (the “Bank”), announced today that William (Bill) F. Filippin, President of Community West Bank, will take over the position of Chief Credit Officer of the Bank, effective February 1, 2022. In this dual role, Filippin will assume all responsibilities as Chief Credit Officer while continuing to serve as president. Filippin has been with the Bank since 2015 and prior to becoming Chairman, he served as Chief Administrative Officer and Chief Credit Officer from 2020 to 2021.
“Bill’s knowledge of banking, finance, credit administration and risk management is exceptional. He is very experienced, having previously held the position of Chief Credit Officer at the former Heritage Oaks Bank during the last recession, and we are fortunate to have him taking the reins of Chief Credit Officer at this time,” said Martin E Plourd, President and CEO. CEO of Community West Bancshares.
With over 30 years of progressive roles in the banking industry, Filippin’s responsibilities include making day-to-day decisions regarding policy, procedures, people and processes to ensure the Bank successfully achieves its business plans. annual strategies, its objectives and its profitability. Prior to joining Community West in 2015, Filippin worked for Heritage Oaks Bank (and Mission Community Bank until its merger with Heritage Oaks Bank in February 2014), holding various management positions from 2010 to 2015. Filippin is a founding member of Paso Robles . Optimist Club, served as president of the Paso Robles Kiwanis Club and president of the Arroyo Grande Chamber of Commerce. Filippin holds a degree in business management from Cal Poly San Luis Obispo and is a graduate of the Graduate School of Banking at the University of Wisconsin-Madison.
“In addition, Jason Beitz, who most recently served as Chief Credit Officer, will transition to Regional President,” Plourd said. “Jason joined the Bank in 2015 and has been instrumental in strengthening the Bank’s expansion efforts in San Luis Obispo County. we look forward to his continued success in this role.
Community West Bancshares is a financial services company headquartered in Goleta, California. The company is the holding company of Community West Bank, the largest publicly traded community bank serving the California Central Coast region of Ventura, Santa Barbara and San Luis Obispo counties. Community West Bank has seven full-service California bank branches in Goleta, Santa Barbara, Santa Maria, Ventura, San Luis Obispo, Oxnard and Paso Robles. The Company’s principal business activities are relationship banking, manufactured home loans and government guaranteed loans.
Community West was named Piper Sandler’s Bank and Thrift Sm-All Stars – Class of 2021. This award recognized Community West as one of the top 35 performing small-cap institutions from a list of publicly traded banks and savings in the United States with market capitalizations. less than $2.5 billion.
The West Bank community was rated “Super Premier Performance” by The Findley Reports. For 52 years, The Findley Reports has recognized the financial performance of banking institutions in California and the western United States. Community West Bank is rated 5 Star Superior by Bauer Financial.
Safe Harbor Disclosure
This release contains certain forward-looking statements about the Company and the Bank which are intended to be covered by the “forward-looking statements” safe harbor under the Private Securities Litigation Reform Act of 1995. Statements which are not historical facts or information, including statements about future financial and operating results, expectations or intentions are forward-looking statements. These statements reflect management’s current beliefs about 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 and are subject to significant risks, contingencies and uncertainties, many of which are difficult to predict and are generally beyond our control, including, but not limited to, , risks relating to the COVID-19 pandemic, the strength of the U.S. economy generally and the local economies in which we operate, the effect of and changes in policies and laws trade, monetary and fiscal, including changes in interest rate policies of the Board of Governors of the Federal Reserve System, inflation, weather, natural disasters, climate change, increased unemployment, deterioration in the credit quality of our loan portfolio and/or the value of the collateral securing the repayment of such loans, reduction in the value of our ti investment risks, the costs and effects of litigation and adverse results of such litigation, the cost and ability to attract and retain key employees, a violation of our operational or security systems, policies or procedures, including cyberattacks on us or third-party vendors or service providers, regulatory or legal developments, United States tax policies, including our effective tax rate, and our ability to implement and execute our business plan and our strategy and expand our operations as planned in them. Actual results may differ materially from those set forth or implied in forward-looking statements due to a variety of factors, including risk factors contained in the Company’s filings with the Securities and Exchange Commission and are available in the ” Investor Relations” section of our website, https://www.communitywest.com/sec-filings/documents/default.aspx The Company has no obligation (and expressly disclaims any obligation) to update or modify such forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.