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Commencement Bank press release ( OTCQX:CBWA ): Q2 GAAP EPS of $0.27. Revenue of $4.57M (-7.9% Y/Y). For further details see: Commencement Bank GAAP EPS of $0.27, revenue of $4.57M
2022 Second Quarter Financials: Total assets were $552 million for quarter-end June 30, 2022. Total loans increased $44 million during second quarter 2022 ending at $389.3 million. Net income exceeded $1 million for second quarter. Minimal remaining Paycheck Protection...
TACOMA, WA / ACCESSWIRE / June 8, 2022 / Commencement Bancorp, Inc. (OTCQX:CBWA) is pleased to announce that Commencement Bank President and Chief Operating Officer, Nigel L. English, has been appointed to both the Commencement Bank and Commencement Bancorp, Inc.'s, board of directors. Engli...
TACOMA, WA / ACCESSWIRE / May 25, 2022 / Commencement Bancorp, Inc. (OTCQX:CBWA) (the "Company") released today that its previously announced stock repurchase plan, enacted for the purpose of repurchasing a limited number of shares of the Company's common stock, had concluded. The Company re...
Commencement Bank press release (OTCQX:CBWA): Q1 GAAP EPS of $0.24. Revenue of $4.19M (-13.8% Y/Y). For further details see: Commencement Bank GAAP EPS of $0.24, revenue of $4.19M
2022 First Quarter Financial Highlights: Total assets grew to $550 million. Core loans (not including PPP) grew by 9% annualized in the first quarter and 8% from prior year. Total deposits increased 19% annualized in the first quarter 2022. Total deposits decreased 5% from prior...
TACOMA, WA / ACCESSWIRE / April 4, 2022 / Commencement Bank (OTCQX:CBWA) is pleased to welcome Nigel L. English as the Bank's President and Chief Operating Officer. With over 30 years of experience in the industry, English joins Commencement following a longstanding position as commercial ba...
2021 Financial Highlights: Total assets increased $3.5 million, or 1%, to $531.3 million on December 31, 2021, from $527.8 million on December 31, 2020. Deposits remained stable in 2021, improving the portfolio mix to 31% non-interest bearing, 54% interest bearing, and 15% time de...
TACOMA, WA / ACCESSWIRE / January 13, 2022 / Commencement Bank (OTCQX:CBWA) is pleased to announce the promotions of Jerald Kennedy and Rick Larson. Kennedy, who has been with Commencement eight years, will now serve as Senior Vice President, Chief Information Officer. Larson, who has manage...
TACOMA, WA / ACCESSWIRE / November 15, 2021 / Commencement Bancorp, Inc. (OTCQX:CBWA) (the "Company") announced today that its Board of Directors adopted a stock repurchase program for the purpose of repurchasing a limited number of shares of the Company's common stock. The repurchase progra...
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2024 First Quarter Financial Highlights: Total loans ended the quarter at $446.8 million, a $11.7 million increase year-over-year. Interest income increased 13% year-over-year to $6.9 million. Non-interest income recognized an 8% increase compared to one year earlier. Elimin...
TACOMA, WA / ACCESSWIRE / April 24, 2024 / Commencement Bancorp, Inc. (OTCQX:CBWA) (the "Company"), the holding company for Commencement Bank, announced at its 2023 Annual Meeting of Shareholders that its Board of Directors declared a special, one-time cash dividend of $0.20 per share of its com...
TACOMA, WA / ACCESSWIRE / April 12, 2024 / Commencement Bank (OTCQX:CBWA) is pleased to announce the upcoming move of the Bank's headquarters and Tacoma Branch from the current location at 1102 Commerce Street to the locally-owned office building at 1313 Broadway in downtown Tacoma. The move is ...