California

CW BANCORP announced a quarterly cash dividend of $0.23 per share, payable July 1, 2025, to shareholders of record June 16, 2025. CommerceWest Bank, its subsidiary, focuses on California’s small and medium-sized businesses. The bank provides commercial banking services, including digital banking, loans for various purposes, and treasury management. The dividend reflects a commitment to shareholder returns and supporting California businesses.

PG&E Corporation appointed utility industry veteran John O. Larsen to its Board of Directors following shareholder approval. Larsen, former CEO of Alliant Energy, brings 36 years of experience, including leadership in renewable energy expansion and grid modernization through initiatives like the Clean Energy Blueprint. His appointment reinforces PG&E’s focus on safety, infrastructure resilience, and customer-centric innovation as California accelerates decarbonization. Board Chair Kerry W. Cooper highlighted Larsen’s operational expertise and sustainable energy transition leadership. Larsen expressed commitment to advancing PG&E’s climate-resilient grid goals under CEO Patti Poppe. He will join PG&E’s Safety and Compensation committees, leveraging governance experience from roles at industry organizations. PG&E serves 16 million customers, prioritizing wildfire safety and grid upgrades.