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Commencement Bancorp Inc. functions as the parent entity for Commencement Bank, delivering a comprehensive array of financial products and services. These offerings are designed for individual customers, as well as small and medium-sized enterprises across western Washington. The bank accepts various deposit types, including non-interest-bearing, demand, savings, NOW, money market, and time accounts, alongside certificates of deposit. Its lending options span term loans, home equity loans and lines of credit, personal reserve overdraft facilities, and a wide spectrum of commercial real estate…
2026 Second Quarter Financial Highlights: Quarterly net income of $1.8 million, or $0.48 earnings per share compared to $1.7 million, or $0.44 earnings per share, during the first quarter of 2026. Total assets of $739.8 million.
TACOMA, WA / ACCESS Newswire / July 9, 2026 / Commencement Bank, a subsidiary of Commencement Bancorp, Inc. (OTCQX:CBWA), announced the addition of Vice President and Small Business Administration (SBA) Manager, Erin Shannon. Shannon will serve as the Bank's subject matter expert and operational lead for all Small Business Administration (SBA) lending activity.
TACOMA, WA / ACCESS Newswire / May 5, 2026 / Commencement Bancorp, Inc. (OTCQX:CBWA) (the "Company") announced today that its Board of Directors adopted a stock repurchase program for the purpose of repurchasing a limited number of shares of the Company's common stock. The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
2026 First Quarter Financial Highlights: Quarterly net income of $1.7 million, or $0.44 earnings per share. Loans increased $15.4 million during the first quarter of 2026, or 11.9% annualized growth rate.
TACOMA, WA / ACCESS Newswire / April 15, 2026 / Commencement Bank, a subsidiary of Commencement Bancorp, Inc. (OTCQX:CBWA), is pleased to announce that the Community Bankers of Washington (CBW) have appointed Nigel L. English, Commencement Bank President & Chief Operating Officer, to the Board of Directors.