Community West Bancshares (CWBC) in Goleta, Calif., has been freed from a written agreement with the Federal Reserve Bank of San Francisco.

The $539 million-asset company had been operating under an April 2012 agreement that required its board to ensure compliance with a separate enforcement action issued by the Office of the Comptroller of the Currency. The OCC written agreement — which required Community West to improve its capital ratios and address management deficiencies — was lifted in January.

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