“The Company’s 44-year track record of sustained performance and its strong capital position created opportunity for franchise growth in 2023, while strengthened commercial management and exceptional client service enhanced lending performance in Q4. Add the announced acquisition of Community West Bancshares, and it is clear 2023 was an eventful year – as well as a year of industry challenges, continued deposit compression, inflationary impacts and some interest rate stabilization,” said James J. Kim, President and CEO.
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