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): September 20, 2000
Community West Bancshares
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(Exact Name of Registrant as Specified in its Charter
California 000-23575 77-0446957
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(State or Other Jurisdiction (Commission File (IRS Employer Identification
of Incorporation) Number) Number
445 Pine Avenue, Goleta, California, 93117
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(Address of Principal Executive Offices) (Zip Code)
(805) 692-1862
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Exhibit Index at Page: 2
Total No. of Pages: 3
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ITEM 5. OTHER EVENTS.
On September 20, 2000, Community West Bancshares, (the "Registrant")
announced the signing of a letter of intent to sell its wholly owned subsidiary,
Palomar Community Bank, for a combination of debt and cash. The proceeds are
anticipated to be between $10.5 and $11.0 million.
Attached hereto as Exhibit 99.1 and incorporated by reference herein is a press
release announcing the Registrant's intent to sell Palomar Community Bank.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
The following exhibit is filed as a part of this Current
Report on Form 8-K:
EXHIBIT NO. PAGE
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99.1 Press Release on Signing Letter of Intent to
Sell Palomar Community Bank 3
SIGNATURES
Pursuant to the requirement 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.
Dated: September 20, 2000 COMMUNITY WEST BANCSHARES
By: /s/ Lynda Pullon Radke
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Lynda Pullon Radke
Senior Vice President and
Chief Financial Officer
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