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Community West Bancshares Announces Retirement of Board Member William S. Smittcamp Following 39 Years of Service

MWN-AI** Summary

Community West Bancshares has announced the retirement of William S. Smittcamp from its Board of Directors, effective March 31, 2026. Smittcamp has served the Company and its wholly-owned subsidiary, Community West Bank, for 39 years, playing an integral role since the Bank’s inception. His tenure has spanned various critical periods in the Bank's history, allowing him to provide vital continuity, knowledge, and leadership in community banking principles.

Chairman Daniel J. Doyle praised Smittcamp's remarkable contributions, noting his thoughtful counsel and commitment to local communities. Throughout his time on the Board, Smittcamp has been influential in governance and Board recruitment, ensuring the Company upholds its founding culture while evolving its leadership. His dedication to relationship-driven banking has reinforced the importance of supporting local businesses and families.

Currently, Smittcamp holds the position of President and CEO of Wawona Frozen Foods, Inc., a family business known for its significant contributions to the food industry. Under his leadership, the company has expanded globally, reflecting Smittcamp's commitment to next-generation leadership and community development.

He has also been actively involved in numerous civic and leadership roles, contributing to various organizations and foundations, including Valley Children’s Healthcare and California Health Sciences University. Recognized for his leadership and philanthropic efforts, Smittcamp has received several honors, including the Agriculturalist of the Year award.

Community West Bancshares, based in Fresno, California, has a longstanding mission to exceed expectations in banking services, operating full-service centers throughout Central California, fulfilling a commitment to enhance local economies. More insights can be found at www.communitywestbank.com.

MWN-AI** Analysis

The announcement regarding the retirement of William S. Smittcamp from Community West Bancshares' Board after 39 years is significant for the organization and its stakeholders. Mr. Smittcamp's tenure has provided steadfast governance and historical context, making his departure a pivotal moment as the company moves forward.

Investors should consider this change within the broader context of the banking landscape, particularly in community banking, where continuity and understanding of local markets are crucial. Mr. Smittcamp’s leadership has been tied closely to the bank's commitment to relationship-driven banking, and his departure raises questions about succession planning and potential shifts in company culture. The Board's ability to find a suitable successor who embodies the same values is essential to maintain stakeholder confidence.

Market sentiment may respond to this transition. If the new appointee can leverage Mr. Smittcamp’s legacy while infusing fresh perspectives, this could rejuvenate investor interest. Conversely, any perceived disruption, particularly in governance and strategy, might risk undermining the bank's stability. The management team's proactive communication about the transition and a clear vision for the future will be critical in reassuring investors and reinforcing commitment to the company's foundational principles.

From a financial analysis perspective, stakeholders should watch for changes in stock performance on the NASDAQ following this announcement, as such leadership transitions can impact market perception. Given Community West Bancshares operates in a competitive banking landscape, maintaining a stable governance structure with a clear strategic direction will be key to its resilience.

In summary, while Smittcamp’s retirement marks the end of an era, it presents an opportunity for Community West Bancshares to reinforce its commitment to its roots while exploring new avenues for growth, which could ultimately provide a positive outlook for investors.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Business Wire

The Board of Directors of Community West Bancshares (“Company”) (NASDAQ: CWBC), the parent company of Community West Bank (“Bank”), announced today the retirement of Director William S. Smittcamp, effective March 31, 2026, following 39 years of distinguished service to the Company and the Bank.

Mr. Smittcamp joined the Board during the Bank’s early years and has worked alongside most of the original founders and all four of the Bank’s Chief Executive Officers. Over nearly four decades, he has provided continuity, institutional and business knowledge, and a steady commitment to the community banking principles upon which the Company was built.

“Bill’s service spans an extraordinary period in the Bank’s history,” said Daniel J. Doyle, Chairman of the Board. “From the Bank’s formative years through periods of growth and transformation, Bill has provided thoughtful counsel, steady leadership rooted in strong values, and a genuine appreciation for the role community banking plays in supporting local businesses and families. His understanding of Board governance, shaped by decades of experience in both industry and civic leadership, has strengthened this Company in lasting ways. On behalf of the entire Board, we are sincerely grateful for his leadership and friendship.”

Throughout his tenure, Mr. Smittcamp has been a highly engaged and influential Board member. He played an important role in Board recruitment and governance evolution, ensuring the Company maintained strong leadership while honoring its founding culture. He has consistently advocated for employees, clients, and the Bank’s unique markets, reinforcing the importance of relationship-driven service in every community served. During his service, Mr. Smittcamp served on and chaired numerous Board committees, most recently he has served on the Compensation, Nominating/Governance, and Retirement Committees.

Mr. Smittcamp currently serves as President, CEO, and owner of Wawona Frozen Foods, Inc., and as a principal in other family-related businesses. Founded by his father in 1963, Wawona Frozen Foods has grown into a global supplier, shipping more than 100 million pounds of frozen fruit products annually to major jam, pie, yogurt, ice cream, foodservice, and retail clients worldwide. Now in its third generation of leadership, Mr. Smittcamp has championed his children joining the business and advocated for next-generation leaders throughout the industry. Under his leadership, Wawona Frozen Foods, Inc., has become a recognized industry leader rooted in Central Valley agriculture.

“Bill brought a practical business perspective grounded in deep community roots and generational leadership experience to our Board. His long-standing involvement in agriculture and family enterprise contributed to the Board’s understanding of the needs of local industries and the importance of relationship-driven banking,” said James J. Kim, CEO of the Company and President and CEO of Community West Bank. “Equally important is the character he brings to every interaction. Bill takes the time to know our team, understand our markets, and support our mission. He leads with integrity, humility, and genuine care for people – qualities that have left a lasting mark on this organization.”

Well-known throughout California’s Central Valley for his civic engagement and community stewardship, Mr. Smittcamp has served in numerous professional and volunteer leadership roles, including the Board of Trustees for Valley Children’s Healthcare, Garfield Water District, California Health Sciences University, and the Fresno State Foundation Board of Governors. His service has also included leadership positions with Every Neighborhood Partnership, the Sigma Chi Foundation, the California League of Food Processors, and the American Frozen Food Institute.

He earned his Bachelor of Science in Business Administration from California State University, Fresno, and is a proud “Bulldog.”

Mr. Smittcamp’ s distinguished career has been recognized with numerous honors, including Agriculturalist of the Year (Fresno Chamber of Commerce), the Leon S. Peters Award for leadership in business, integrity, philanthropy, and community service, the Frozen Food Hall of Fame (National Frozen & Refrigerated Foods Association), and multiple recognitions as a Best Family-Owned Business by The Business Journal.

About Community West Bank and Bancshares

Community West Bancshares (“Company”) (NASDAQ: CWBC) and its wholly owned subsidiary, Community West Bank (“Bank”), are headquartered in Fresno, California. The Company was established in 1979 with the vision to help businesses and communities by exceeding expectations at every opportunity, and opened its first Banking Center on January 10, 1980. Today, the Bank operates full-service Banking Centers throughout Central California and maintains a variety of departments supporting Commercial Lending, Agribusiness, SBA, Residential Construction and Mortgage, Manufactured Housing, Private Banking, and Cash Management.

Members of the Company and Bank Board of Directors are: Daniel J. Doyle (Chairman), Robert H. Bartlein (Vice Chairman), James J. Kim (CEO of the Company and President and CEO of the Bank), Martin E. Plourd (President of the Company), Andriana D. Majarian (Lead Independent Director), Suzanne M. Chadwick, Daniel N. Cunningham, Tom L. Dobyns, F.T. “Tommy” Elliott IV, Robert J. Flautt, James W. Lokey, Steven D. McDonald, Dorothea D. Silva, William S. Smittcamp, and Kirk B. Stovesand. Louis C. McMurray is Director Emeritus.

More information about Community West Bancshares and Community West Bank can be found at www.communitywestbank.com .

View source version on businesswire.com: https://www.businesswire.com/news/home/20260220499788/en/

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FAQ**

How will the retirement of William S. Smittcamp impact the governance of Community West Bancshares (CWBC) and what steps are being taken to ensure continuity in leadership and culture?

William S. Smittcamp's retirement may impact Community West Bancshares' governance by creating a leadership void, but the company is likely implementing succession plans and mentorship to ensure continuity in leadership and preserve its organizational culture.

Can you elaborate on the specific contributions made by William S. Smittcamp during his 39 years of service to Community West Bancshares (CWBC), particularly in relation to Board recruitment and governance?

William S. Smittcamp significantly enhanced Community West Bancshares through strategic Board recruitment and governance improvements over his 39 years, fostering strong leadership and ensuring effective oversight that contributed to the bank's stability and growth.

What strategies will Community West Bancshares (CWBC) employ to fill the upcoming vacancy following Mr. Smittcamp’s retirement, and how will they ensure alignment with the company's founding principles?

Community West Bancshares plans to implement a succession strategy focused on identifying internal candidates who uphold the company's founding principles of community service and customer-centric values, ensuring continuity in leadership and mission alignment post Mr. Smittcamp’s retirement.

How does the leadership experience of board members like William S. Smittcamp contribute to Community West Bancshares (CWBC) maintaining its competitive edge in the local banking market?

The leadership experience of board members like William S. Smittcamp enhances Community West Bancshares' competitive edge by leveraging their deep industry knowledge, strategic insight, and strong community ties to drive effective decision-making and foster customer trust.

**MWN-AI FAQ is based on asking OpenAI questions about Community West Bancshares (NASDAQ: CWBC).

Community West Bancshares

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