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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
COMMUNITY WEST BANCSHARES
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(Name of Issuer)
Common Stock, No Par Value
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(Title of Class of Securities)
204157-10-1
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(CUSIP NUMBER)
Arthur A. Coren, Esq.
Horgan, Rosen, Beckham & Coren, L.L.P.
21700 Oxnard Street, Suite 1400
Woodland Hills, California 91365
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
December 31, 1997
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 204157-10-1 Page 1 of 5
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SCHEDULE 13D
(1) Names of Reporting Persons I.R.S. Identification Nos. of Above
Persons (entities only)
John D. Markel
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(2) Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
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(3) SEC Use Only
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(4) Source of Funds (See Instructions)
00
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
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(6) Citizenship or Place of Organization
United States
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(7) Sole Voting Power 119,622
Number of
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power 27,710
Owned by
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power 119,622
Person With
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(10) Shared Dispositive Power 27,710
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
147,332
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
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(13) Percent of Class Represented by Amount in Row (11)
9.24%
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(14) Type of Reporting Person (See Instructions)
IN
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Cusip No. 204157-10-1 Page 2 of 5
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ITEM 1. SECURITY AND ISSUER.
The class of securities to which this statement relates is the Common
Stock, no par value (the "Common Stock") of Community West Bancshares, a
California corporation (the "Issuer"), the principal executive offices of which
are located at 5827 Hollister Avenue, Goleta, California 93117.
ITEM 2. IDENTITY AND BACKGROUND.
The name, residence address, present principal employment, disclosure
of legal proceedings and citizenship of the Reporting Person is set forth below.
(a) John D. Markel
(b) 3214 Campbell Drive
Santa Barbara, California 93109
(c) Private investor
(d) During the past five years, the Reporting Person has not been
convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors).
(e) During the past five years, the Reporting Person has not been a
party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and as a result of such proceeding was
or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any
violation with respect to such laws.
(f) United States of America
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The securities were acquired pursuant to a corporate reorganization
whereby shareholders of Goleta National Bank, Goleta, California (the "Bank"),
received Common Stock and Warrants of Community West Bancshares in exchange for
their shares and warrants on a one-for-one basis. All options to purchase Bank
Common Stock were converted into options to purchase Issuer Common Stock. The
Reporting Person, as a director and shareholder of the Bank, received Common
Stock, Warrants and Options of Issuer on the same basis as all other
shareholders of the Bank.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Person acquired the Issuer's Common Stock for investment
purposes. The Reporting Person does not have any plans or proposals which relate
to or would result in:
(a) the acquisition by any person of additional securities of the
Issuer, or the disposition of any securities of the Issuer;
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Cusip No. 204157-10-1 Page 3 of 5
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(b) an extraordinary corporate transaction, such a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
(b) a sale or transfer of a material amount of the assets of the
Issuer or any of its subsidiaries;
(c) any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the the number
or term of directors or to fill any existing vacancies on the
board;
(d) any material change in the present capitalization or dividends
policy of the Issuer;
(e) any other material change in the Issuer's business or corporate
structure;
(f) changes in the Issuer's charter or bylaws or other actions which
may impede the acquisition of control of the Issuer by any
person;
(g) causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of registered national
securities association;
(i) a class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934; or
(j) any action similar to those described above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) and (b)
<TABLE>
<CAPTION>
No. of Shares
Beneficially No. of Shares
Owned with Beneficially Aggregate
Sole Voting Owned with No. of Percentage
and Shared Voting Shares of Shares
Dispositive and Dispositive Beneficially Beneficially
Name Power Power Owned Owned
- ---- ----- ----- ----- -----
<S> <C> <C> <C> <C>
John D. Markel 119,622 27,710(1) 147,332 9.24%
</TABLE>
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(1) These shares are owned in joint tenancy with Mr. Markel's wife, Virginia
Markel.
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Cusip No. 204157-10-1 Page 4 of 5
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Information required by Item 2 with respect to Mrs. Markel.
(a) Virginia Markel
(b) 3214 Campbell Drive
Santa Barbara, California 93109
(c) Not applicable
(d) During the past five years, Mrs. Markel has not been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the past five years, Mrs. Markel has not been
a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as
a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or
finding any violation with respect to such laws.
(f) United States of America
(c) Except as otherwise disclosed in Item 3, there were no
transactions in the class of securities reported on that were effected
during the past sixty days by the person named in response to paragraph
(a).
(d) Of the 147,332 shares set forth in paragraph (a), 27,710 shares
are held in joint tenancy by Mr. Markel and his wife. They jointly have
the right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of those 27, 710 shares.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
To the best knowledge of the Reporting Person, apart from the marital
relationship which exists between Mr. and Mrs. Markel, there are no contracts,
arrangements, understandings or relationships (legal or otherwise) among the
persons named in Item 2 and between such person and any person with respect to
any securities of the Issuer, including but not limited to transfer or voting of
any of the securities, finder's fees, joint ventures, loan or option agreement,
puts or calls, guarantees of profits, division of profits or loss, or the giving
or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Not applicable
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Cusip No. 204157-10-1 Page 5 of 5
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: January 12, 1998 /s/ JOHN D. MARKEL
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John D. Markel
