CalWest Bancorp Restates Financial Results as of June 30, 2013

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Description: IRVINE, Calif.--(BUSINESS WIRE)--CalWest Bancorp (OTCBB: CALW), the holding company for South County Bank N.A., today announced the restated consolidated financial results for the six months ended June 30, 2013. During second quarter, 2013, the Bank upgraded four loans to performing from non-performing status. As a result of this change, the Bank recognized the lost interest of $121,000 on non-performing loans to income in the second quarter. Subsequently, it was determined the more conservative
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