AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 8, 2007
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
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)
204157-10-1
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(CUSIP Number)
Allen H. Blake
600 James S. McDonnell Boulevard, Hazelwood, Missouri 63042
(314) 592-5000
--------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
March 2, 2007
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.240.13d-1(e), 240.13d-1(f), or 240.13d-1(g), check the
following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties to whom copies are to be sent.
* 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
disclosures provided in a prior cover page.
The information required on 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
1. NAME OF REPORTING PERSONS
Investors of America, Limited Partnership
IRS Identification No. of above
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (X)
(b) ( )
3. SEC USE ONLY
4. SOURCE OF FUNDS (See Instructions)
OO -Investment Funds of Reporting Limited Partnership
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) ( )
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
7. SOLE VOTING POWER
NUMBER OF SHARES 568,696
BENEFICIALLY OWNED
BY EACH REPORTING 8. SHARED VOTING POWER
PERSON WITH 0
9. SOLE DISPOSITIVE POWER
568,696
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
568,696
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( )
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
14. TYPE OF REPORTING PERSON (See Instructions)
PN
CUSIP NO. 204157-10-1
1. NAME OF REPORTING PERSONS
First Banks, Inc.
IRS Identification No. of above
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (X)
(b) ( )
3. SEC USE ONLY
4. SOURCE OF FUNDS (See Instructions)
WC
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) ( )
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Missouri
7. SOLE VOTING POWER
NUMBER OF SHARES 735,976
BENEFICIALLY OWNED
BY EACH REPORTING 8. SHARED VOTING POWER
PERSON WITH 0
9. SOLE DISPOSITIVE POWER
735,976
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
735,976
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( )
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.7%
14. TYPE OF REPORTING PERSON (See Instructions)
HC / CO
Item 1. Security and Issuer
The statement of Schedule 13D filed by the reporting persons on July 20, 2006,
as amended on December 11, 2006, to report ownership of shares of the Common
Stock, no par value (the "Common Stock"), issued by Community West Bancshares
("Community") with principal executive offices located at 445 Pine Avenue,
Goleta, California 93117, is hereby amended. Except as specifically set forth
herein, and as amended on December 11, 2006, the Schedule 13D remains
unmodified.
Item 2. Identity and Background
There are no changes with respect to this Item.
Item 3. Source and Amount of Funds or Other Consideration
See Item 4 of the cover sheets regarding the source of funds. This Schedule is
being filed to report the purchase of Common Stock in the amounts and for the
prices described in Item 5(c).
Item 4. Purpose of Transaction
There are no changes with respect to this Item.
Item 5. Interest in Securities of the Issuer
(a) The aggregate percentage of shares of Common Stock reported owned by
Investors and First Banks is based upon 5,814,568 shares outstanding as reported
in Community's Form 8-K, as filed with the Securities and Exchange Commission on
February 28, 2007. As of the close of business on March 7, 2007, Investors
beneficially owned 568,696, or approximately 9.8% of such number of shares of
Common Stock, and First Banks owned 735,976 shares, or approximately 12.7%.
(b) Investors has the sole power to vote and dispose of all shares attributable
to it, and First Banks has the sole power to vote and dispose of all shares
attributable to it.
(c) Investors has not effected any purchases of Common Stock during the past 60
days. First Banks effected the following purchases of Common Stock during the
past 60 days:
Identity of Purchaser Date of Purchase Number of Shares Price Per Share
--------------------- ---------------- ---------------- ---------------
First Banks, Inc. January 12, 2007 10,000 $15.75
January 30, 2007 5,000 $15.75
February 6, 2007 15,000 $15.75
February 15, 2007 5,000 $15.75
February 21, 2007 6,500 $15.75
March 2, 2007 18,000 $15.75
March 6, 2007 10,000 $15.75
All such shares were purchased through a broker/dealer.
(d-e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
There are no changes with respect to this Item.
Item 7. Material to Be Filed as Exhibits
None.
After reasonable inquiry and to the best of each of the undersigned's knowledge
and belief, each of the undersigned certifies that the information set forth in
this statement is true, complete and correct.
INVESTORS OF AMERICA,
LIMITED PARTNERSHIP
By: /s/ James F. Dierberg
------------------------------------------------
James F. Dierberg
President of First Securities America, Inc.,
General Partner
FIRST BANKS, INC.
By: /s/ Terrance M. MCCarthy
------------------------------------------------
Terrance M. McCarthy
Senior Executive Vice President and
Chief Executive Officer
Date: March 8, 2007