Streetbeat News

CVCY

Central Valley Community Bancorp

Employees

220

Industry

Commercial Banking

central valley community bank has proudly served california's central valley since 1980 with a commitment to solid personal service and strong community values. while we have grown over the years to include 24 full service offices, we have remained unchanged in our commitment to relationship banking for business and personal customers and to investing in the communities we serve. investing in relationships. member fdic. equal housing lender. learn more about us at www.cvcb.com. we welcome your comments, but this linkedin page is not able to respond to product or service requests. if you would like assistance with your account or information about opening an account, please call us at (800) 298-1775 and we will be happy to help you. please remember, this is a public page and you should never post your personally identifiable information, including bank account information. we are not responsible for the privacy policy of linkedin and are not responsible for or endorse any advertisements

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Central Valley Community Bancorp (CVCY) has completed its merger with Community West Bancshares (CWBC), effective April 1, 2024. The all-stock transaction valued at approximately $143 million results in a combined company with total assets of around $3.5 billion. Community West shareholders received 0.79 shares of Central Valley common stock for each share of Community West common stock. The merged entity assumes the name Community West Bancshares and its NASDAQ ticker symbol (CWBC), expanding its banking centers across California. The merger is part of Central Valley's strategic expansion, marking its sixth acquisition.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:49 pm

Central Valley Community Bancorp (CVCY) and Community West Bancshares (CWBC) announced shareholder approval for their merger, expected to complete by April 1, 2024. The combined entity will be named Community West Bancshares, with approximately $3.6 billion in assets and 27 banking centers in Central California. The merger has received all required regulatory approvals, with operational system conversion expected by Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:51 pm

Piper Sandler analyst Andrew Liesch has maintained an Overweight rating on Central Valley Community (CVCY) but has reduced the price target from $23 to $22.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 4:09 pm

Central Valley Community (CVCY) reported Q4 earnings of $0.50 per share, missing the consensus estimate of $0.51, and sales of $20.11M, missing the estimate of $20.57M. This reflects a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 9:08 pm

Piper Sandler analyst Andrew Liesch maintains an Overweight rating on Central Valley Community (NASDAQ:CVCY) and raises the price target from $18 to $19.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:44 pm

Central Valley Community (NASDAQ:CVCY) reported Q3 earnings of $0.54 per share, beating the analyst consensus estimate of $0.52 by 3.85%. However, this is a 1.82% decrease from the same period last year. The company's quarterly sales were $20.53 million, missing the analyst consensus estimate of $20.97 million by 2.11%, but showing a 1.80% increase from the same period last year.

Portfolio Pulse from Happy Mohamed

October 19, 2023 | 8:01 pm

Keefe, Bruyette & Woods analyst Wood Lay maintains a 'Market Perform' rating on Central Valley Community (NASDAQ:CVCY) and raises the price target from $18 to $19.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 12:49 pm

Janney Montgomery Scott analyst Christopher Marinac has upgraded Central Valley Community (NASDAQ:CVCY) from Neutral to Buy and set a price target of $20.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:38 am

Central Valley Community Bancorp (CVCY) and Community West Bancshares (CWBC) have announced plans to merge in an all-stock transaction. The deal was announced late Tuesday, but no further details were provided.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:20 am

Central Valley Community Bancorp (CVCY) and Community West Bancshares (CWBC) have agreed to a $99.4M all-stock merger deal. CWBC shareholders will receive 0.79 shares of CVCY for each CWBC share. The value of the merger will fluctuate based on CVCY's stock price. CVCY will also assume CWBC's outstanding stock options.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:47 am

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