SECURITIES AND EXCHANGE COMMISSION | |
Washington, D.C. 20549 | |
SCHEDULE 13G/A | |
Under the Securities Exchange Act of 1934 | |
(Amendment No.2) | |
Community West Bancshares | |
(Name of Issuer) | |
Common Stock, no par value | |
(Title of Class of Securities) | |
204157101 | |
(CUSIP Number) | |
December 31, 2012 | |
(Date of Event Which Requires Filing of This Statement) | |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed: | |
¨ | Rule 13d-1(b) |
x | Rule 13d-1(c) |
¨ | Rule 13d-1(d) |
(Page 1 of 12 Pages) |
______________________________
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 204157101 | 13G/A | Page 2 of 12 Pages |
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Stieven Financial Investors, L.P. | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ¨ (b) x | ||||
3 | SEC USE ONLY | |||||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER -0- | ||||
6 |
SHARED VOTING POWER 349,177 shares of Common Stock | |||||
7 |
SOLE DISPOSITIVE POWER -0- | |||||
8 |
SHARED DISPOSITIVE POWER 349,177 shares of Common Stock | |||||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 349,177 shares of Common Stock | |||||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | ||||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.83% | |||||
12 |
TYPE OF REPORTING PERSON PN | |||||
CUSIP No. 204157101 | 13G/A | Page 3 of 12 Pages |
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Stieven Financial Offshore Investors, Ltd. | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ¨ (b) x | ||
3 | SEC USE ONLY | |||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER -0- | ||
6 |
SHARED VOTING POWER 79,905 shares of Common Stock | |||
7 |
SOLE DISPOSITIVE POWER -0- | |||
8 |
SHARED DISPOSITIVE POWER 79,905 shares of Common Stock | |||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 79,905 shares of Common Stock | |||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | ||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.33% | |||
12 |
TYPE OF REPORTING PERSON OO | |||
CUSIP No. 204157101 | 13G/A | Page 4 of 12 Pages |
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Stieven Capital Advisors, L.P. | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ¨ (b) x | ||
3 | SEC USE ONLY | |||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER -0- | ||
6 |
SHARED VOTING POWER 429,082 shares of Common Stock | |||
7 |
SOLE DISPOSITIVE POWER -0- | |||
8 |
SHARED DISPOSITIVE POWER 429,082 shares of Common Stock | |||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 429,082 shares of Common Stock | |||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | ||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.16% | |||
12 |
TYPE OF REPORTING PERSON IA, PN | |||
CUSIP No. 204157101 | 13G/A | Page 5 of 12 Pages |
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Joseph A. Stieven | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ¨ (b) x | ||
3 | SEC USE ONLY | |||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION United States | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER -0- | ||
6 |
SHARED VOTING POWER 429,082 shares of Common Stock | |||
7 |
SOLE DISPOSITIVE POWER -0- | |||
8 |
SHARED DISPOSITIVE POWER 429,082 shares of Common Stock | |||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 429,082 shares of Common Stock | |||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | ||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.16% | |||
12 |
TYPE OF REPORTING PERSON IN | |||
CUSIP No. 204157101 | 13G/A | Page 6 of 12 Pages |
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Stephen L. Covington | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ¨ (b) x | ||
3 | SEC USE ONLY | |||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION United States | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER -0- | ||
6 |
SHARED VOTING POWER 429,082 shares of Common Stock | |||
7 |
SOLE DISPOSITIVE POWER -0- | |||
8 |
SHARED DISPOSITIVE POWER 429,082 shares of Common Stock | |||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 429,082 shares of Common Stock | |||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | ||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.16% | |||
12 |
TYPE OF REPORTING PERSON IN | |||
CUSIP No. 204157101 | 13G/A | Page 7 of 12 Pages |
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Daniel M. Ellefson | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ¨ (b) x | ||
3 | SEC USE ONLY | |||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION United States | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER -0- | ||
6 |
SHARED VOTING POWER 429,082 shares of Common Stock | |||
7 |
SOLE DISPOSITIVE POWER -0- | |||
8 |
SHARED DISPOSITIVE POWER 429,082 shares of Common Stock | |||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 429,082 shares of Common Stock | |||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | ||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.16% | |||
12 |
TYPE OF REPORTING PERSON IN | |||
CUSIP No. 204157101 | 13G/A | Page 8 of 12 Pages |
Item 1(a). | NAME OF ISSUER |
The name of the issuer is Community West Bancshares (the “Company”). |
Item 1(b). | ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES |
The Company’s principal executive offices are located at 445 Pine Avenue, Goleta, CA 93117. |
Item 2(a). | NAME OF PERSON FILING |
This statement is filed by: |
(i) | Stieven Financial Investors, L.P., a Delaware limited partnership (“SFI”), with respect to the shares of Common Stock beneficially owned by it; | |
(ii) | Stieven Financial Offshore Investors, Ltd., a Cayman Islands exempted company (“SFOI”), with respect to the shares of Common Stock beneficially owned by it; | |
(iii) | Stieven Capital Advisors, L.P., a Delaware limited partnership (“SCA”), which serves as the investment manager to SFI and SFOI, with respect to the shares of Common Stock beneficially owned by SFI and SFOI; | |
(iv) | Joseph A. Stieven (“Mr. Stieven”), as Chief Executive Officer of SCA with respect to the shares of Common Stock beneficially owned by SFI and SFOI; | |
(v) | Stephen L. Covington (“Mr. Covington”), as managing director of SCA with respect to the shares of Common Stock beneficially owned by SFI and SFOI; and | |
(vi) | Daniel M. Ellefson (“Mr. Ellefson”), as managing director of SCA with respect to the shares of Common Stock beneficially owned by SFI and SFOI. |
The foregoing persons are hereinafter collectively referred to as the “Reporting Persons.” Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. | |
The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purpose of Section 13 of the Act, the beneficial owner of the Common Stock reported herein. |
Item 2(b). | ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE |
The address of the business office of each of the Reporting Persons is 12412 Powerscourt Drive, Suite 250, St. Louis, Missouri 63131. |
CUSIP No. 204157101 | 13G/A | Page 9 of 12 Pages |
Item 2(c) | CITIZENSHIP |
SFI and SCA are limited partnerships organized under the laws of the State of Delaware. SFOI is a Cayman Islands exempted company. Messrs. Stieven, Covington and Ellefson are citizens of the United States |
Item 2(d). | TITLE OF CLASS OF SECURITIES |
Common Stock, no par value (the “Common Stock”) |
Item 2(e). | CUSIP NUMBER |
204157101 |
Item 3. | IF THIS STATEMENT IS FILED PURSUANT TO Rules 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: |
(a) | ¨ | Broker or dealer registered under Section 15 of the Act; | |
(b) | ¨ | Bank as defined in Section 3(a)(6) of the Act; | |
(c) | ¨ | Insurance company as defined in Section 3(a)(19) of the Act; | |
(d) | ¨ | Investment company registered under Section 8 of the Investment Company Act of 1940; | |
(e) | ¨ | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | |
(f) | ¨ | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | |
(g) | ¨ | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); | |
(h) | ¨ | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; | |
(i) | ¨ | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; | |
(j) | ¨ | A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); | |
(k) | ¨ | Group, in accordance with Rule 13d-1(b)(1)(ii)(K). |
If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: ______________________________ |
CUSIP No. 204157101 | 13G/A | Page 10 of 12 Pages |
Item 4. | OWNERSHIP |
A. | Stieven Financial Investors, L.P. | ||||
(a) | Amount beneficially owned: 349,177 shares of Common Stock | ||||
(b) | Percent of class: 5.83% The percentages used herein and in the rest of Item 4 are calculated based upon the 5,989,510 shares of Common Stock issued and outstanding on November 9, 2012 as reflected in the Form 10-Q for the quarterly period ended September 30, 2012 filed by the Company on November 13, 2012. | ||||
(c) | (i) | Sole power to vote or direct the vote: -0- | |||
(ii) | Shared power to vote or direct the vote: 349,177 shares of Common Stock | ||||
(iii) | Sole power to dispose or direct the disposition: -0- | ||||
(iv) | Shared power to dispose or direct the disposition of: 349,177 shares of Common Stock |
B. | Stieven Financial Offshore Investors, Ltd. | ||||
(a) | Amount beneficially owned: 79,905 shares of Common Stock | ||||
(b) | Percent of class: 1.33% | ||||
(c) | (i) | Sole power to vote or direct the vote: -0- | |||
(ii) | Shared power to vote or direct the vote: 79,905 shares of Common Stock | ||||
(iii) | Sole power to dispose or direct the disposition: -0- | ||||
(iv) | Shared power to dispose or direct the disposition: 79,905 shares of Common Stock |
C. | Stieven Capital Advisors, L.P. | ||||
(a) | Amount beneficially owned: 429,082 shares of Common Stock | ||||
(b) | Percent of class: 7.16% | ||||
(c) | (i) | Sole power to vote or direct the vote: -0- | |||
(ii) | Shared power to vote or direct the vote: 429,082 shares of Common Stock | ||||
(iii) | Sole power to dispose or direct the disposition: -0- | ||||
(iv) | Shared power to dispose or direct the disposition: 429,082 shares of Common Stock |
D. | Joseph A. Stieven, Stephen L. Covington and Daniel M. Ellefson | ||||
(a) | Amount beneficially owned: 429,082 shares of Common Stock | ||||
(b) | Percent of class: 7.16% | ||||
(c) | (i) | Sole power to vote or direct the vote: -0- | |||
(ii) | Shared power to vote or direct the vote: 429,082 shares of Common Stock | ||||
(iii) | Sole power to dispose or direct the disposition: -0- | ||||
(iv) | Shared power to dispose or direct the disposition: 429,082 shares of Common Stock |
CUSIP No. 204157101 | 13G/A | Page 11 of 12 Pages |
Item 5. | OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS |
Not applicable. |
Item 6. | OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON |
Mr. Stieven is the managing member of the general partner of SCA, and in that capacity may direct SCA’s operations. Messrs. Covington and Ellefson are managing directors of SCA, and in that capacity may direct SCA’s operations. |
Item 7. | IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON |
Not applicable. |
Item 8. | IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP |
Not applicable. |
Item 9. | NOTICE OF DISSOLUTION OF GROUP |
Not applicable. |
Item 10. | CERTIFICATION |
Each of the Reporting Persons hereby makes the following certification: | |
By signing below each Reporting Person certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
CUSIP No. 204157101 | 13G/A | Page 12 of 12 Pages |
SIGNATURES
After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
DATED: February 14, 2013
STIEVEN FINANCIAL INVESTORS, L.P. | ||
By: | Stieven Capital GP, LLC its general partner | |
/s/ Joseph A. Stieven | ||
Name: | Joseph A. Stieven | |
Title: | Managing Member | |
STIEVEN FINANCIAL OFFSHORE INVESTORS, LTD. | ||
/s/ Michelle Wilson-Clarke | ||
Name: | Michelle Wilson-Clarke | |
Title: | Director | |
STIEVEN CAPITAL ADVISORS, L.P. | ||
By: | Stieven Capital Advisors GP, LLC its general partner | |
/s/ Joseph A. Stieven | ||
Name: | Joseph A. Stieven | |
Title: | Managing Member | |
JOSEPH A. STIEVEN | ||
/s/ Joseph A. Stieven | ||
JOSEPH A. STIEVEN, individually | ||
STEPHEN L. COVINGTON | ||
/s/ Stephen L. Covington | ||
STEPHEN L. COVINGTON, individually | ||
DANIEL M. ELLEFSON | ||
/s/ Daniel M. Ellefson | ||
DANIEL M. ELLEFSON, individually |