Community West Bancshares (NASDAQ: CWBC) has announced the retirement of Daniel N. Cunningham, a founding board member, after 46 years of service, effective upon the completion of his term on May 20, 2026. The Board has unanimously appointed Cunningham as Director Emeritus, making him the fourth to receive this honor since the Company's founding in 1979. Cunningham has held various leadership roles within the board, including Chairman from 1998 to 2015, Lead Independent Director from 2015 to 2019, and Vice Chairman from 2019 to 2024.
Cunningham's extensive contributions to the Company span every chapter of its history, having served on every Board committee, provided leadership through strategic milestones, and played a pivotal role in guiding the Company and the Bank through the industry's evolution. He has also been involved in mentoring board members, executives, and team members, maintaining relationships beyond their retirements.
James J. Kim, CEO of Community West Bancshares and President and CEO of the Bank, noted Cunningham's direct impact on the Company, the Bank, and the team as immeasurable. Cunningham has provided steady, insightful leadership through every economic cycle, industry change, and time of challenge.
Community West Bancshares, established in 1979, operates full-service Banking Centers throughout Central California and maintains various departments supporting Commercial Lending, Agribusiness, SBA, Residential Construction and Mortgage, Manufactured Housing, Private Banking, and Cash Management.
The Board of Directors consists of 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), Suzanne M. Chadwick, Daniel N. Cunningham, Tom L. Dobyns, F.T. "Tommy" Elliott IV, Robert J. Flautt, James W. Lokey, Andriana D. Majarian, Steven D. McDonald, Dorothea D. Silva, William S. Smittcamp, and Kirk B. Stovesand. Louis C. McMurray is Director Emeritus. The market has reacted to these announcements by moving the company's shares -0.81% to a price of $23.19. For the full picture, make sure to review Community West Bancshares's 8-K report.
