Fresno-based Central Valley Community Bank is no more with the completion of a $143 million merger with a Santa Barbara-area bank.

Now called Community West Bank — parent company Community West Bancshares — the combined bank has total assets of $3.5 billion, 27 full-service banking centers (20 of which are Central Valley Community Bank branches in the Sacramento and Central Valley regions.

Community West shareholders receive 0.79 shares of Central Valley common stock for each share of Community West common stock, while Central Valley assumes Community West’s outstanding stock options. Based on the March 28 closing price of Central Valley’s common stock of $19.89 per share last week, the value of the merger consideration is approximately $143 million.

The resulting Community West Bancshares board of directors from the merger closing April 1 has nine members from Central Valley and six from Community West. James J. Kim is president and CEO of the bank. Daniel J. Doyle is the chairman, serving with Vice Chairman Robert H. Bartlein and Martin E. Plourd, president and director. The board also welcomes the addition of Suzanne M. Chadwick, Thomas L. Dobyns, James W. Lokey and Kirk B. Stovesand.

Retiring from the Central Valley Board of Directors effective April 1 are Gary D. Gall, Karen A. Musson and Louis C. McMurray, who has been named director emeritus.

“Our combined company represents decades of unwavering commitment to our communities,” said Doyle in a statement. “We are grateful for the steadfast stewardship of our retiring directors, and we are honored to welcome new directors whose strengths enhance our Board’s leadership.”

Joining the bank’s executive management team via the merger, according to a bank news release, are two well-respected industry executives: William “Bill” F. Filippin, executive vice president (EVP) and regional executive for the Coast region; and T. Joseph Stronks, EVP and chief risk officer.

Teresa Gilio, EVP and chief administrative officer, will retire after 15 years with the bank effective Oct. 1. She will lead the systems integration expected to be completed in mid-August.

To provide focused leadership in strategic areas of the expanded bank, several members of existing executive management will reorganize. These include Blaine C. Lauhon who will serve as EVP and chief administrative officer; Jeffrey M. Martin who will serve as EVP and chief banking officer and A. Ken Ramos who will serve as EVP and regional executive for the Greater Sacramento and San Joaquin Valley regions. Shannon Livingston, EVP and chief financial officer; Patrick A. Luis, EVP and chief credit officer; and Dawn Cagle, EVP and chief human resources officer, will continue in their current executive roles and leadership positions.

“On behalf of our Board and the entire team, we thank Teresa Gilio for her leadership and unwavering dedication,” said Kim. “The success of our growing Bank is driven by our dedicated banking professionals and guided by our seasoned Executive Management Team, which shares unparalleled commitment to our clients and community.”