Community West to redeem $7.8 million of series A fixed-rate preferreds

By Tali Rackner

Norfolk Va., April 25 - Community West Bancshares said its board of directors approved the redemption of 7,804 shares of its outstanding series A fixed-rate cumulative perpetual preferred stock, according to a news release.

The notes, were issued under the Troubled Asset Relief Program, will be redeemed at $1,000 per share plus accrued dividends.

Community West is a financial services company based in Goleta, Calif.

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