Business Context and Reporting Period
This Form 8-K is filed by Central Valley Community Bancorp (not Community West Bancshares as noted in metadata) for the reporting date of March 31, 2011. The filing addresses "Other Events" regarding the Central Valley Community Bancorp Escrow Fund, which was established for the benefit of the Company and former shareholders of Service 1st Bancorp following their merger on November 12, 2008.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity for the registrant. The document focuses exclusively on the Escrow Fund. It references an attached report (Exhibit 99.1) containing the assets, liabilities, receipts, and disbursements of the Escrow Fund for the year ended December 31, 2010, but the numerical data from that exhibit is not included in the provided text.
Material Changes
No material changes to the registrant's financial condition or operations are reported in this filing. The document serves as a disclosure mechanism to provide information to former shareholders of Service 1st Bancorp regarding the status of the Escrow Fund.
Guidance, Outlook, and Risks
The filing contains no management guidance, outlook, or discussion of risks and contingencies related to the Company's future operations. The primary purpose is the distribution of the Escrow Fund report for the prior fiscal year.
Key Facts for Investor Verification
- Verify the specific asset and liability balances of the Central Valley Community Bancorp Escrow Fund by reviewing Exhibit 99.1, as these figures are not present in the main text.
- Confirm the receipts and disbursements of the Escrow Fund for the year ended December 31, 2010, via the attached report.
- Note that this filing relates to a post-merger obligation from the 2008 merger with Service 1st Bancorp.