Community West Bancshares to redeem convertibles on March 10

By Marisa Wong

Madison, Wis., Jan. 29 - Community West Bancshares plans to redeem all of its outstanding convertible subordinated debentures on March 10, according to an 8-K filing with the Securities and Exchange Commission.

The company's board of directors recently approved the early redemption.

As of Dec. 31, $1,442,000 of the debentures were outstanding and convertible at $4.50 per share.

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.