0000902664-11-001581.txt : 20111114 0000902664-11-001581.hdr.sgml : 20111111 20111114105856 ACCESSION NUMBER: 0000902664-11-001581 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20111114 DATE AS OF CHANGE: 20111114 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COMMUNITY WEST BANCSHARES / CENTRAL INDEX KEY: 0001051343 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 770446957 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-52229 FILM NUMBER: 111199063 BUSINESS ADDRESS: STREET 1: 445 PINE AVE CITY: GOLETA STATE: CA ZIP: 93117 BUSINESS PHONE: 8056921862 MAIL ADDRESS: STREET 1: 445 PINE AVE CITY: GOLETA STATE: CA ZIP: 93117 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Stieven Capital Advisors, L.P. CENTRAL INDEX KEY: 0001388279 IRS NUMBER: 134300309 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 12412 POWERSCOURT DR. STREET 2: SUITE 250 CITY: ST. LOUIS STATE: MO ZIP: 63131 BUSINESS PHONE: 314-779-2450 MAIL ADDRESS: STREET 1: 12412 POWERSCOURT DR. STREET 2: SUITE 250 CITY: ST. LOUIS STATE: MO ZIP: 63131 SC 13G 1 p11-1842sc13g.htm COMMUNITY WEST BANCSHARES p11-1842sc13g.htm
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
SCHEDULE 13G*
(Rule 13d-102)
 
 
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
 
(Amendment No.   )*
 
Community West Bancshares
(Name of Issuer)
 
Common Stock, no par value
(Title of Class of Securities)
 
204157-10-1
(CUSIP Number)
 
November 9, 2011
(Date of event which requires filing of this statement)
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:
 
¨
Rule 13d-1(b)
x
Rule 13d-1(c)
¨
Rule 13d-1(d)
 
(Page 1 of 13 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. 204157-10-1
 
13G
Page 2 of 13 Pages



     
1
NAMES OF REPORTING PERSONS
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. 204157-10-1
 
13G
Page 3 of 13 Pages



     
1
NAMES OF REPORTING PERSONS
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
60,292 shares of Common Stock
7
SOLE DISPOSITIVE POWER
-0-
8
SHARED DISPOSITIVE POWER
60,292 shares of Common Stock
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
60,292 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)
1.01%
12
TYPE OF REPORTING PERSON
OO



 
 

 
CUSIP No. 204157-10-1
 
13G
Page 4 of 13 Pages



     
1
NAMES OF REPORTING PERSONS
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
409,469 shares of Common Stock
7
SOLE DISPOSITIVE POWER
-0-
8
SHARED DISPOSITIVE POWER
409,469 shares of Common Stock
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
409,469 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)
6.84%
12
TYPE OF REPORTING PERSON
IA, PN



 
 

 
CUSIP No. 204157-10-1
 
13G
Page 5 of 13 Pages



     
1
NAMES OF REPORTING PERSONS
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
409,469 shares of Common Stock
7
SOLE DISPOSITIVE POWER
-0-
8
SHARED DISPOSITIVE POWER
409,469 shares of Common Stock
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
409,469 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)
6.84%
12
TYPE OF REPORTING PERSON
IN



 
 

 
CUSIP No. 204157-10-1
 
13G
Page 6 of 13 Pages



     
1
NAMES OF REPORTING PERSONS
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
409,469 shares of Common Stock
7
SOLE DISPOSITIVE POWER
-0-
8
SHARED DISPOSITIVE POWER
409,469 shares of Common Stock
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
409,469 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)
6.84%
12
TYPE OF REPORTING PERSON**
IN



 
 

 
CUSIP No. 204157-10-1
 
13G
Page 7 of 13 Pages



     
1
NAMES OF REPORTING PERSONS
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
409,469 shares of Common Stock
7
SOLE DISPOSITIVE POWER
-0-
8
SHARED DISPOSITIVE POWER
409,469 shares of Common Stock
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
409,469 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)
6.84%
12
TYPE OF REPORTING PERSON
IN




 
 

 
CUSIP No. 204157-10-1
 
13G
Page 8 of 13 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, California 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.

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.


 
 

 
CUSIP No. 204157-10-1
 
13G
Page 9 of 13 Pages



Item 2(d).
TITLE OF CLASS OF SECURITIES:
   
 
Common Stock, no par value (the "Common Stock")

Item 2(e).
CUSIP NUMBER:
   
 
204157-10-1

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)
¨
Investment Adviser in accordance with Rule 13d-1 (b)(1)(ii)(E),
 
(f)
¨
Employee Benefit Plan or Endowment Fund in accordance with 13d-1 (b)(1)(ii)(F),
 
(g)
¨
Parent Holding Company or control person in accordance with Rule 13d-1 (b)(1)(ii)(G),
 
(h)
¨
Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813),
 
(i)
¨
Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3),
 
(j)
¨
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)(J).

 
If this statement is filed pursuant to Rule 13d-1(c), check this box:  x

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 5,986,760 shares of Common Stock issued and outstanding on August 12, 2011 as reflected in the Form 10-Q for the quarterly period ended June 30, 2011 filed by the Company on August 12, 2011.


 
 

 
CUSIP No. 204157-10-1
 
13G
Page 10 of 13 Pages



     
(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:  60,292 shares of Common Stock
     
(b)
Percent of class:  1.01%
     
(c)
(i)
Sole power to vote or direct the vote:  -0-
       
(ii)
Shared power to vote or direct the vote:  60,292  shares of Common Stock
       
(iii)
Sole power to dispose or direct the disposition:  -0-
       
(iv)
Shared power to dispose or direct the disposition:  60,292  shares of Common Stock

 
C.
Stieven Capital Advisors, L.P.
     
(a)
Amount beneficially owned:  409,469 shares of Common Stock
     
(b)
Percent of class:  6.84%
     
(c)
(i)
Sole power to vote or direct the vote:  -0-
       
(ii)
Shared power to vote or direct the vote:  409,469 shares of Common Stock
       
(iii)
Sole power to dispose or direct the disposition:  -0-
       
(iv)
Shared power to dispose or direct the disposition:  409,469 shares of Common Stock

 
D.
Joseph A. Stieven, Stephen L. Covington and Daniel M. Ellefson
     
(a)
Amount beneficially owned:  409,469 shares of Common Stock
     
(b)
Percent of class:  6.84%
     
(c)
(i)
Sole power to vote or direct the vote:  -0-
       
(ii)
Shared power to vote or direct the vote:  409,469 shares of Common Stock
       
(iii)
Sole power to dispose or direct the disposition:  -0-
       
(iv)
Shared power to dispose or direct the disposition:  409,469 shares of Common Stock

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.


 
 

 
CUSIP No. 204157-10-1
 
13G
Page 11 of 13 Pages



Item 7.
IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
   
 
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. 204157-10-1
 
13G
Page 12 of 13 Pages



SIGNATURES
 
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
 
DATED:  November 14, 2011

 
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


 
 

 
CUSIP No. 204157-10-1
 
13G
Page 13 of 13 Pages



EXHIBIT 1
 
JOINT ACQUISITION STATEMENT
 
PURSUANT TO RULE 13d-1(k)
 
The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
 
DATED:  November 14, 2011

 
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