Community West Bancshares redeems remaining convertible debentures

By Jennifer Chiou

New York, March 14 - Community West Bancshares has no outstanding convertible subordinated debentures following the conversion of $1,405,000 of the securities and the redemption of $37,000 of the debentures from Jan. 1 to March 10, according to an 8-K filing with the Securities and Exchange Commission.

The company issued $8,085,000 of the convertibles on Aug. 9, 2010.

On Jan. 29, the company said it would redeem all of the convertibles on March 10.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.