CommerceWest Bank Recognized in Annual List of Top 200 Publicly Traded Community Banks

IRVINE, Calif.–(BUSINESS WIRE)–CW Bancorp (OTCQX: CWBK), the parent company of CommerceWest Bank, was ranked No. 25 out of 200 banks in American Banker’s annual list of the top 200 publicly traded community banks.

The list was led by companies with strong profitability metrics, minimal credit losses and significant levels of low-cost deposits. The median return on average equity (ROAE) for the 200 banks in 2021 was 13.40%, according to data compiled by Capital Performance Group. This far exceeded the median of the 438 US banks and thrifts in this peer group – 10.64%.

Mr. Ivo Tjan, CEO, said: “Our team has done it again. We are honored to be on the roster for 2021 and especially proud of our team’s execution during these turbulent times. The strength of our digital banking model and our strong balance will allow us to continue to support the California business community as a trusted partner. The future of our company is bright.

About CW Bancorp

CW Bancorp is the parent company of CommerceWest Bank (“Bank”). The Bank is determined to redefine banking services for small and medium-sized businesses by offering personalized products and services. Founded in 2001 and headquartered in Irvine, CA, the Bank serves businesses across the state of California through its digital banking platform. By employing a strategically selected team of experienced professionals, we will provide flexibility and create a complete, safe and healthy banking experience for every customer. We provide a wide range of commercial banking services including Remote Deposit Solution, NetBanker Online Banking, Mobile Banking, Lines of Credit, M&A/Working Capital Loans, Home Loans commercial loans, SBA loans and cash management services.

Mission statement: CommerceWest Bank will create a complete banking experience for each customer, catering to businesses and their specific banking needs, while welcoming our customers and providing them with high quality, low stress and personalized banking and financial services.

Please visit www.cwbk.com to learn more about the bank. “BET ON THE DIFFERENCE”

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