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EX-99 - PRESS RELEASE - COMMUNITY WEST BANCSHARES /newsrelease.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 8-K


CURRENT REPORT

Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 8, 2015 


Community West Bancshares
(Exact name of registrant as specified in its charter)

California 000-23575 77-0446957
(State or other jurisdiction
of incorporation)
(Commission File Number) (IRS Employer Identification No.)

445 Pine Avenue, Goleta, California 93117
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code:   (805) 692-5821

________________________________________________________________________________
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

    [   ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    [   ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    [   ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    [   ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 8.01. Other Events.

On June 12, 2015, the Company issued a Press Release announcing the settlement by the Company's wholly-owned subsidiary, Community West Bank (CWB), with Residential Funding Company, LLC (RFC) of the action filed by RFC in December 2013 against CWB concerning residential mortgage loans sold to RFC. The settlement, reached after the close of business on June 8, 2015, resolves all outstanding issues between CWB and RFC in the matter. A copy of the Press Release is attached hereto as Exhibit 99.1 and is incorporated by reference in this Item 8.01.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibit

Exhibit 99.1 Press Release dated June 12, 2015.


SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    Community West Bancshares
(Registrant)


June 12, 2015
(Date)
  /s/   CHARLES G. BALTUSKONIS
Charles G. Baltuskonis
Executive Vice President and Chief Financial Officer

Exhibit Index


Exhibit 99.1 Press Release dated June 12, 2015