Community West Bank Halts SBA Lending East of the Rockies
Bank announced today it has decided reduce the footprint of its commercial real
estate and SBA lending operations. Market and economic conditions have
caused the Bank to make a strategic decision to halt operations in the East
Region by April 1st to
preserve capital in the current economic environment. Going forward the
Bank will be focused on California, the Northwest and Southwest (essentially
West of the Rockies).
continues to remain committed to providing SBA loans to qualified businesses in
the western United States and will continue to make SBA loans.