Expansion costs drag down Community West Bank earnings

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Expansion costs drag down Community West Bank earnings

By Staff Report / Friday, April 26th, 2019 / Comments Off on Expansion costs drag down Community West Bank earnings

Community West Bancshares, parent company of Goleta-based Community West Bank, reported earnings of $1.5 million, or 18 cents per diluted share, for the first quarter of 2019 — down from $1.8 million, or 21 cents per diluted share, in the first quarter of 2018. President and CEO Martin Plourd said expansion-related costs dragged down earnings for…

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