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Community West Bancshares, Goleta, Calif. elected John D. Markel chairman, succeeding Michael A. Alexander.

Mr. Alexander continues as a holding company director, as well as chairman of the Goleta National Bank subsidiary.

Mr. Markel is a founder of Goleta National Bank and has been a director since it was opened in 1989. He is the president of Mark IV Inc., a real estate development company.

Lew Stone remains president and CEO of the $136.4 million-asset holding company.

On April 22, Community West Bancshares announced an agreement to buy Palomar Savings and Loan, Escondido, Calif. This deal is expected to close in the fourth quarter.

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