Richard Pimentel
Chief Financial Officer of Community West Bancshares and Community West Bank Chief Financial Officer of Community West Bancshares and Community West Bank
GOLETA, Calif., Dec. 31, 2021 (GLOBE NEWSWIRE) — Community West Bancshares (Community West or the Company), (NASDAQ: CWBC), parent company of Community West Bank (Bank), today announced the hiring of Richard Pimentel as Chief Financial Officer and Executive Vice President, succeeding Susan Thompson, who recently transitioned to SVP, Interim SEC Reporting Manager. Pimentel’s new position will become effective January 3, 2022.
“We are delighted to have Richard join our executive management team as Chief Financial Officer and Executive Vice President,” said Martin E. Plourd, Chief Executive Officer. “Richard brings over 20 years of financial leadership experience in community banking. As a member of the Bank’s executive team, Richard will be responsible for overseeing all finance, accounting and regulatory reporting for the organization. His banking expertise and his understanding of our clients and our business community will be an advantage as we continue to grow our Company.”
“We would like to thank Susan Thompson for her dedicated service as Chief Financial Officer since 2017, and her strong contributions to the Company over the last 20 years. We are pleased that she will continue to serve on the finance team,” added Plourd.
Mr. Pimentel is well-known in the Southern California market having most recently served as Chief Financial Officer of CalPrivate Bank, where he navigated the Bank through significant organic growth over two and a half years, from $850 million to $1.3 billion. Throughout his career, Mr. Pimentel served as a highly visible finance leader for community banks and brings a vast amount of experience in accounting and finance.
Mr. Pimentel graduated with a Bachelor of Science in Finance, Real Estate and Law from Cal Poly Pomona and is a graduate of the Pacific Coast Banking School.
Company Overview
Community West Bancshares is a financial services company with headquarters in Goleta, California. The Company is the holding company for Community West Bank, the largest publicly traded community bank serving California’s Central Coast area of Ventura, Santa Barbara and San Luis Obispo counties. Community West Bank has seven full-service California branch banking offices in Goleta, Santa Barbara, Santa Maria, Ventura, San Luis Obispo, Oxnard and Paso Robles. The principal business activities of the Company are Relationship Banking, Manufactured Housing lending and Government Guaranteed lending.
