Send PM
Followers 121
Posts 5293
Boards Moderated 1
Alias Born 04/10/2008

Re: 56Chevy post# 3

Monday, 04/09/2012 12:44:29 AM

Monday, April 09, 2012 12:44:29 AM

Post# of 24
CommerceWest Bank Announces Stock Repurchase Program

CommerceWest Bank (OTCBB:CWBK) today announced that on January 31, 2012 its Board of Directors has authorized the repurchase of up to $350,000.00 of the Bank's outstanding shares (approximately 60,869 shares as of January 31, 2012) pursuant to its stock repurchase program. The repurchase of stock by the Bank may be effected through open market or private transactions, subject to the Bank's assessment of market conditions and buying opportunities from time to time.

Mr. Ivo Tjan, Chairman and CEO commented, "The repurchase of stock supports the confidence that management has in our company today and in the future. We believe that the shares are undervalued and repurchasing them is an excellent vehicle for improving shareholder value

The Bank's regulatory capital levels continue to exceed the levels necessary to be considered "Well Capitalized." As of December 31, 2011, the leverage ratio was 13.75%, the tier 1 capital ratio was 21.25%, and the total risk-based capital ratio was 22.51%.

http://ih.advfn.com/p.php?pid=nmona&article=51118843

PPS is currently $8


* I do not own any shares of CWBK and do not plan to as of 4/8/2012.


Learn something new every time you invest...and take it with you to the next opportunity.


Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
Recent CWBK News

FEATURED Electromedical Update: Strong Q3 Sales Momentum, New Financing , Improved Supply Chain, Expanding Product Development and Production. Oct 6, 2022 7:21 AM

Enerkon Solar International announces Change of Control and name Change to New Technology Acquisition Holdings, Inc. (OTC: NTAC) NTAC Oct 6, 2022 2:20 PM

Green Battery Minerals Completes 2nd Drilling Program At Zone 6 Of The Berkwood Graphite Project GBMIF Oct 6, 2022 1:19 PM

Progressive Care Subsidiary ClearMetrX Launches 340MetrX Platform to Help Streamline 340B Program and Increase Claim Capture RXMD Oct 6, 2022 8:20 AM

Laser Photonics Highlights Key Investment Points for New Investors LASE Oct 6, 2022 7:05 AM

Nextech AR Reports Q3 3D-Model Production Jumps 110% and Sees Strong Continued Demand in Q4 NTAR Oct 5, 2022 10:00 AM

Memorandum of Understanding Signed by Miranda Water Treatment Systems and Rainmaker Worldwide Inc. RAKR Oct 5, 2022 9:02 AM

Trend Innovations Holding Inc. completes Thy News localization testing successfully TREN Oct 5, 2022 9:00 AM

Branded Legacy, Inc. Acquires Alpha Growers, LLC and Adds $320,000 in Assets BLEG Oct 5, 2022 8:45 AM

Glitzy LA luxury private cigar club planned for two blocks from the Walt Disney Concert Hall Oct 4, 2022 6:15 PM

'Posh' brand funding round for all things cannabis kicks off with S.E.C. enrollment for capital raise Oct 4, 2022 5:38 PM

NFL Great, Drew Brees, to Team with Splash Beverage Corp to Promote TapouT Performance Drink SBEV Oct 4, 2022 12:34 PM

Good Gaming Inc. Announces Its Reveal Event For The Water Bear PFP, The First of Ten Species That Make Up The Genesis Collections And Their Cross Platform "Buddyverse" GMER Oct 4, 2022 9:15 AM

Quinting - a luxury Swiss watch brand partners Coinllectibles to launch Digital Ownership Tokens (DOTs) valued at more than US$450,000 at the Global Web 5.0 Conference in Singapore on 1 Nov 2022 COSG Oct 4, 2022 8:03 AM

Swifty Global Gets Swifty Gaming Off to a Flying Start and Updates its Annual Revenue Target DRCR Oct 3, 2022 10:29 AM