Thursday, April 26, 2012

CommerceWest Bank Reports Earnings Growth of 53% for First Quarter 2012, 44% Increase in Earnings Per Share, and a 38% Increase in Non-Interest Bearing Deposits

CommerceWest Bank (OTCBB: CWBK) reported earnings for the three months ended March 31, 2012 of $583,000 or $0.13 per basic common share and $0.13 per diluted common share, compared with net income of $382,000 or $0.09 per basic common share and $0.09 per diluted common share for the three months ended March 31, 2011, an increase of 44%. Financial performance highlights for the three months ended March 31, 2012 as compared to the three months ended March 31, 2011: Earnings growth of 53% No...continued
     

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