Community West to redeem portion of series A preferreds on June 20

By Marisa Wong

Madison, Wis., May 20 - Community West Bancshares received regulatory approval for the redemption of 50% of its series A preferred stock, according to an 8-K filing with the Securities and Exchange Commission.

The effective date for the redemption will be June 20.

The redemption price will be the liquidation value of $1,000 per share plus any accrued dividends up to, but not including, the redemption date.

The bank holding company is based in Goleta, Calif.

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