Community West Bank


Overview / Commentary
805-683-4944
5827 Hollister Avenue
Goleta, CA 93117

Community West Bank is headquartered in Goleta and is the 73rd largest bank in the state of California. It is also the 890th largest bank in the nation. It was established in 1989 and as of March of 2020, it had grown to 130 employees at 10 locations. Community West Bank has a B+ health rating.

Reviews (3)

CWB - Great Personal Service

Posted by: |

Just as its name says, it's a community bank with great individual personal service. Everyone I've encountered on the phone or in person is personable and service-oriented. Although I like the expediency of internet banking, I also like having at least one in-person bank that knows who I am. I can appreciate why they require a branch visit to open an account.

Webite is prone to bounce you out a lot, so you have to keep re-logging until you get a feel for where the glitches are. Double clicking seems to be a culprit on some links. 

Service deserves 5+ stars, but I reluctantly docked one star for the bouncy online account. Hopefully, corporate will get that fixed soon. In the meantime, their branch's personal service tries to help offset that.

FYI -

--Multiple reward accounts are allowed per individual.  (Easily added, since up to 3 of any account types per signature card. More than that probably just requires additional signature cards.)

--ChexSystems check only (no credit bureau hits).

Interest Rate Is Steady - But Website Is A NIGHTMARE!

Posted by: |

This bank does have a better than average money market/savings rate in this economy where its hard to find a good deal.  But considering when I log on to their site to check my account once every 30 days, there is always a website problem.  When I phone for support the  next day, the cs rep doesnt know how to trouble shoot. 

Website & tech support are a joke.  But its ok to bank there. 

Don't Ever Use This Bank.

Posted by: |

Their lending practices are predatory and overburdonsome. Their client relations for business owners is confrontational and lacks understanding. The special assets group will send a letter immediately demanding payment of a busines loan even if your are a day late. They are unwilling to assist small business owners who are struggling to survive. 



Health
B+

Health Grade Components

Overall
FDIC Certificate #27572
Year Established1989
Employees130
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD8.33%
Annual Interest Income$11.0MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$925.0MM$879.3MM
LoansQ1 2020vs Q1 2019$772.8MM$758.5MM
DepositsQ1 2020vs Q1 2019$722.6MM$735.6MM
Equity CapitalQ1 2020vs Q1 2019$82.4MM$73.5MM
Loan Loss AllowanceQ1 2020vs Q1 2019$9.2MM$8.6MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$2.6MM$2.9MM
Real Estate OwnedQ1 2020vs Q1 2019$2.5MM$0
Rates

Sorry, we do not have rate data for Community West Bank.

Locations


Community West Bank Locations
Ventura Branch1463 South Victoria AvenueVentura, CA 93003
Santa Barbara Branch1501 State StreetSanta Barbara, CA 93101
Santa Maria Branch2615 South Miller StreetSanta Maria, CA 93455
Community West Bank, National Association5827 Hollister AvenueGoleta, CA 93117
Community West Bank-San Luis Obispo4464 Broad StreetSan Luis Obispo, CA 93401
Oxnard Branch300 East Esplanade DriveOxnard, CA 93036
Community West Bank Branch541 Spring Street, Building APaso Robles, CA 93446

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