Investigation Overview
August 3, 2017 (Shareholders Foundation) - An investigation on behalf of investors in shares of Community West Bancshares (NASDAQ:CWBC) was announced over potential breaches of fiduciary duties by certain officers and directors at Community West Bancshares.
The investigation by a law firm concerns whether certain Community West Bancshares directors breached their fiduciary duties and caused damage to the company and its shareholders.
Goleta, CA based Community West Bancshares is a bank holding company. Community West Bancshares reported that its Net Income increased from $2.87 million in 2015 to $5.23 million in 2016.
Shares of Community West Bancshares (NASDAQ:CWBC) grew from $4.52 per share in June 2013 to as high as $10.55 per share in March 2017.