SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


      Date of Report (Date of earliest event reported):     October 4, 2001


                            Community West Bancshares
                            -------------------------
             (Exact Name of Registrant as Specified in its Charter)



       California                   000-23575                    77-0446957
       ----------                   ---------                    ----------
(State or Other Jurisdiction  (Commission File Number)         (IRS Employer
     of  Incorporation)                                   Identification Number)


     445 Pine Avenue, Goleta, California,                         93117
     ------------------------------------------------------------------
    (Address of Principal Executive Offices)                    (Zip Code)


                                 (805) 692-1862
                                 --------------
              (Registrant's Telephone Number, Including Area Code)


                                 Not Applicable
                                 --------------
          (Former Name or Former Address, if Changed Since Last Report)



                                                        Exhibit Index at Page: 2
                                                           Total No. of Pages: 3


ITEM  5.  OTHER  EVENTS.


     On  September  26,  2001  Community  West  Bancshares  (the  "Registrant"),
announced  the  signing  of a privately negotiated stock purchase agreement with
outside  shareholders.  Under  the  terms  of  the  agreement,  the Company will
purchase  4.49%  of  its  outstanding  common  stock  for  $1.73  million.  The
transaction  is  expected  to  close  on  September  27,  2001.


     Attached  hereto  as Exhibit 99.1 and incorporated by reference herein is a
press  release  on  this  stock  repurchase.




ITEM  7.  FINANCIAL  STATEMENTS  AND  EXHIBITS.

(c)  Exhibits

The following exhibit is filed as a part of this Current Report on Form 8-K:

Exhibit  No.     Description
-----------      ---------------------------------------------------------------

    99.1         Press  Release  dated  September 26, 2001 on the Repurchase of
                 Outstanding  Stock

                                   SIGNATURES

     Pursuant  to  the  requirement  of the Securities Exchange Act of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  hereunto  duly  authorized.

Date:   October 4, 2001                           COMMUNITY WEST BANCSHARES

                                                  By:  /s/  Lynda Pullon Radke
                                                       -----------------------
                                                       Lynda  Pullon  Radke
                                                       Senior Vice President and
                                                       Chief Financial Officer