Community West Bancshares Appoints COO for Subsidiary Goleta National Bank.Business Editors GOLETA, Calif.--(BUSINESS WIRE)--May 31, 2000 Community West Bancshares (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CWBC CWBC Constant-Weight Binary Code ) today announced the appointment of Ms. Lynda Nahra as Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of its subsidiary, Goleta National Bank ("GNB GNB Guinea-Bissau (ISO Country code) GNB Good News Bible GNB Group of Notified Bodies GNB Gram-Negative Bacillus GNB Grenoble, France - St Geoirs (Airport Code) GNB Global Networked Business "). Ms. Nahra will assume responsibility for day-to-day management and operations of the bank. Lew Stone, Community West Bancshares Chief Executive Officer, commented, "I am very pleased to announce the appointment of Lynda Nahra as Chief Operation Officer. Ms. Nahra brings more than 30 years of banking experience to GNB, primarily in the community banking arena. Additionally, she has held management positions in lending, business development, marketing and operations. Her proven abilities since joining GNB in October, 1997, particularly her key role with respect to the successful opening of our branch operations in Ventura, California, make her the ideal person to take over day-to-day operations of GNB and to implement the strategic planning initiatives of the Executive Committee of the Board of Directors." Company Overview Community West Bancshares is a financial services company with headquarters in Goleta, California. The Company currently has two subsidiaries. Palomar Community Bank has a full service branch located in Escondido, California. Goleta National Bank ("GNB") has two full service branches, one in Goleta and one in Ventura, California. It is one of the Nation's largest SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government lenders with loan production offices located in Alabama, California, Florida, Georgia, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , North Carolina, Tennessee, Oregon, Washington, and Nevada. The principal going-forward business areas and profit generators of the Company are core banking with net interest margins, Mortgage lending with fee income and Small Business Administration (SBA) lending with fee income. |
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