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An announcement from Central Valley Community Bancorp (CVCY) is now available.
Central Valley Community Bancorp completed its merger with Community West Bancshares, effectively consolidating Community West into Central Valley and changing the corporate names to Community West Bancshares and Community West Bank. Shareholders of Community West received 0.79 shares of Central Valley stock for each share held, and the new entity will issue over 7 million shares of Central Valley stock. With this merger, the company’s leadership also underwent changes, with six new directors appointed and several executives from both entities assuming new roles or continuing in their current ones, aligning with pre-merger agreements. Central Valley will continue trading on the NASDAQ under the new symbol “CWBC.”
For detailed information about CVCY stock, go to TipRanks’ Stock Analysis page.
