Commencement Bancorp Inc. (CBWA)
OTCQX OTCQX Primary Summary
Commencement Bancorp, Inc. (CBWA) Announces 2024 Third Quarter Earnings
2024 Third Quarter Financial Highlights: Net income was $959,000 compared to $776,000 for the second quarter of 2024. Deposits increased $32.7 million, or 6.1%, from the second quarter of 2024.
Commencement Bancorp, Inc. (CBWA) Announces 2024 Second Quarter Earnings
2024 Second Quarter Financial Highlights: Total loans ended the quarter at $464 million, a 7% increase year-over-year. Interest income increased 11% year-over-year to $7.4 million as compared to $6.6 million in second quarter 2023.
Commencement Bancorp, Inc. (CBWA) and Commencement Bank Announce New EVP, Chief Financial Officer and SVP, Finance and Accounting Manager
TACOMA, WA / ACCESSWIRE / August 1, 2024 / Commencement Bancorp, Inc. (OTCQX:CBWA) (the "Company") and Commencement Bank (the "Bank") announced today that Brandi Parker joined the Bank as Executive Vice President and Chief Financial Officer on July 29th, 2024, along with Mandie Ereth as Senior Vice President and Finance & Accounting Manager. Parker and Ereth came from Olympia-based Heritage Bank, where they held positions in the finance department.
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Commencement Bancorp Inc. Profile
| Banks Industry | Financials Sector | Mr. John E. Manolides CEO | OTCQX Exchange | - ISIN |
| United States Country | - Employees | 31 May 2024 Last Dividend | 29 Jan 2018 Last Split | - IPO Date |
Overview
Commencement Bancorp Inc. operates as a bank holding company, primarily through its subsidiary, Commencement Bank. Founded in 2006, it serves the banking needs of individuals, small, and midsized businesses across western Washington. The bank has established its presence in various locations including Tacoma, Enumclaw, Auburn, Olympia, and Gig Harbor, Washington, signifying a focused regional service footprint. The company is headquartered in Tacoma, Washington, aligning its operations and services with the needs of the local communities within the region.
Products and Services
Checking, Demand, Savings, NOW, Money Market, and Time Deposits, as well as Certificates of Deposit and Individual Retirement Accounts: These offerings cater to the basic banking needs of customers, offering avenues for daily financial transactions, savings, and long-term deposits, including retirement planning.
Term Loans, Home Equity Loans and Lines of Credit, and Personal Reserve Overdraft Lines: These credit products serve both personal and homeowner financing needs, offering liquidity solutions for a range of requirements from home renovations to personal cash flow management.
Real Estate Loans, including Residential 1-4 family, Multi-family, Commercial, Construction, and Land Loans: Tailored to support the purchase and development of real estate, these loans cover a wide spectrum, from residential properties to commercial projects and land acquisitions.
Business Line of Credit, Government Backed and Term Loans: Designed to support businesses with operational and expansion financing. These products are essential for managing cash flow, investing in new projects, or expanding business operations.
Personal and Business Credit Cards: Offer convenience and access to credit for both individual customers and businesses, facilitating daily expenses and financial management.
Remote Deposit Capture, Sweep Accounts, Lockbox Remittance Processing, Positive Pay, and Automated Clearing House Origination Services: Advanced banking services that cater to the efficient management of finances, enhancing convenience for businesses in handling transactions and cash flow.
Merchant Services, Debit Cards, ATM Services, and Online and Mobile Banking Services: These services ensure ease of access to banking transactions, facilitating a seamless banking experience through various digital and physical channels.
Contact Information
