Community West to redeem portion of series A preferreds on Jan. 2

By Tali Rackner

Norfolk, Va., Dec. 2 – Community West Bancshares said it will redeem another $702,000 of its 9% cumulative perpetual preferred stock, series A, on Jan. 2.

Following the redemption, the remaining balance of the perpetual preferreds will be $6,312,000, according to a filing with the Securities and Exchange Commission.

The bank holding company is based in Goleta, Calif.

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