Commencement Bancorp Inc.
Other OTCCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- CEO
- John E. Manolides
- Full Time Employees
- 80
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 1102 Commerce Street Tacoma WA United States of America 98402
- IPO Date
- Jun 2, 2015
- Website
- commencementbank.com
- Similar Companies
- Business
- Commencement Bancorp Inc. (OTCQX: CBWA) operates as the bank holding company for Commencement Bank, a community-focused institution providing a comprehensive range of retail and commercial banking products and services to individuals, small and midsized businesses primarily in western Washington. The Bank offers deposit products including checking, demand, savings, NOW, money market, time deposits, certificates of deposit, and individual retirement accounts; lending solutions such as term loans, home equity loans and lines of credit, reserve overdraft lines, real estate loans encompassing residential 1-4 family, multi-family, commercial, construction and land development, business lines of credit, government-backed loans, sweep accounts, and credit cards; and treasury management services comprising remote deposit capture, lockbox remittance processing, positive pay, automated clearing house origination, merchant services, debit cards, ATM access, online banking, and mobile banking. Founded in 2006 and headquartered at 1313 Broadway, Suite 400, Tacoma, Washington, the company conducts operations through branches serving the South Sound region and maintains strong liquidity with access to Federal Home Loan Bank advances, Federal Reserve discount window, and correspondent bank lines. Recent developments include the relocation of its headquarters to the new Commencement Bank Plaza in downtown Tacoma during first quarter 2025 to enhance team collaboration and operational efficiency; strategic balance sheet repositioning in fourth quarter 2024 involving the sale of certain investment securities and company-owned life insurance policies; sustained loan growth with receivables reaching $474.0 million at March 31, 2025, reflecting $6.7 million increase or 5.83% annualized rate from year-end 2024 amid $20.8 million in new originations; improved net interest margin to 3.96% and reduced total cost of deposits to 1.53% in first quarter 2025; and recognition as Best in Business by South Sound Business Magazine in December 2025, alongside quarterly net income progression to $1.9 million in third quarter 2025.
Commencement Bancorp, Inc. Announces Stock Repurchase Plan
Commencement Bancorp, Inc. Announces First Quarter 2026 Results
Commencement Bank President & COO, Nigel L. English, Appointed to the CBW Board of Directors
Commencement Bank Welcomes New Commercial Healthcare Banking Team
Commencement Bancorp, Inc. (CBWA) Announces Record Fourth Quarter and Annual 2025 Results
Commencement Bank Welcomes Senior Vice President and Commercial Banking Officer, Don Brown
Commencement Bancorp, Inc. (CBWA) Announces Third Quarter 2025 Results
Commencement Bancorp, Inc. (CBWA) Announces Second Quarter 2025 Results
Commencement Bancorp, Inc. (CBWA) Announces First Quarter 2025 Results
Commencement Bancorp, Inc. (CBWA) Announces Stock Repurchase Plan
Commencement Bancorp, Inc. (CBWA) Announces Fourth Quarter and Annual 2024 Results
Commencement Bancorp, Inc. (CBWA) Announces 2024 Third Quarter Earnings
Commencement Bancorp, Inc. (CBWA) Announces 2024 Second Quarter Earnings
Commencement Bancorp, Inc. (CBWA) and Commencement Bank Announce New EVP, Chief Financial Officer and SVP, Finance and Accounting Manager
Commencement Bancorp, Inc. (CBWA) Announces 2024 First Quarter Earnings
Commencement Bancorp, Inc. (CBWA) Announces Cash Dividend
Commencement Bank (CBWA) to Relocate Headquarters to 1313 Broadway Street, Tacoma, Wash.
Commencement Bancorp, Inc. (CBWA) Announces Fourth Quarter and Full Year 2023 Earnings
Commencement Bank (CBWA) Announces Key Additions to Leadership & Management Teams
Commencement Bancorp, Inc. (CBWA) Announces Stock Repurchase Plan