CommerceWest Bank Reports Increased Earnings for the Year, Favorable Loan Growth, Cost of Funds and Expense Management Trends

CommerceWest Bank (OTCBB: CWBK) reported earnings for the three months ended December 31, 2011 of $402,000 or $0.09 per basic common share and $0.09 per diluted common share, compared with net income of $36,000 or $0.01 per basic common share and $0.01 per diluted common share for the three months ended December 31, 2010, an increase of 800%. Net income for the twelve months ended December 31, 2011 was $1,406,000 or $0.32 per basic common share and $0.32 per diluted common share, compared with net inc...continued CWBK  bank banks Financial

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