Tom L. Dobyns
About Tom L. Dobyns
Independent director with 40+ years of bank leadership, including CEO roles at Mission Community Bank and American Security Bank; founder of Enthusiology, a consulting firm focused on strategic planning and executive coaching. Age 72; appointed to CWBC’s board on April 1, 2024 in connection with the Community West Bancshares merger after serving as a CWB director since June 2017; BBA and MBA from the University of Southern California .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Mission Community Bank | Chief Executive Officer | Not disclosed | Led bank operations; cited as most recent CEO role in bio |
| American Security Bank | President & Chief Executive Officer | Not disclosed | Executive leadership of regional bank |
| Community West Bancshares (pre-merger) | Director | Jun 2017 – Apr 1, 2024 | Oversight as public company director prior to merger into CWBC |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Enthusiology (consulting) | Founder; managerial and leadership consultant | Not disclosed | Strategic planning, executive coaching, sales enablement for FIs and nonprofits |
| Community-based nonprofits | Board member (various) | Ongoing | Active on several community-based not-for-profit boards |
Board Governance
- Independence: Board determined Dobyns is independent under Nasdaq standards .
- Committee assignments (current):
- Compensation Committee (member)
- Audit Committee (member)
- Strategic Planning Committee (member)
- Chair roles: None disclosed for Dobyns (Committee chairs listed as others) .
- Attendance: In 2024, the Board met 10 times; each incumbent director attended ≥75% of Board and applicable committee meetings; all 15 directors attended the 2024 Annual Meeting .
- Leadership structure: Separate Chair and CEO; Chair (Daniel J. Doyle) is independent (since 2019), supporting independent oversight .
- Executive sessions: Not disclosed.
- Stock ownership policy: Directors must own at least 2,000 shares within two years of appointment; as of Dec 31, 2024 all directors were in compliance .
- Trading and alignment policies: Company maintains anti-hedging and anti-pledging policies .
Fixed Compensation
| Component | Detail | 2024 Amount/Terms |
|---|---|---|
| Cash retainer | Standard annual cash fee for non-employee directors | $34,800 annual; committee chairs receive an additional $200 per meeting; no per-meeting fees otherwise |
| Cash paid to Dobyns (2024) | Actual fees earned (likely partial year alignment) | $23,800 |
| Equity grant | Annual restricted stock to each non-employee director | 1,820 shares granted May 30, 2024; 1-year vest; $30,000 grant-date FV |
Performance Compensation
| Feature | Design | Notes |
|---|---|---|
| Performance-linked pay for directors | None disclosed | Director equity awards are time-based RS with one-year vesting; no performance metrics disclosed for director pay |
Other Directorships & Interlocks
| Category | Disclosure |
|---|---|
| Current public company boards (outside CWBC) | None disclosed in the proxy – |
| Prior public company boards | Community West Bancshares (director since 2017 until Apr 1, 2024 merger) |
| Compensation committee interlocks | Company discloses no interlocks or insider participation; no members served as Company employees |
Expertise & Qualifications
- 40+ years in bank management; former CEO; strategic planning and executive coaching expertise via Enthusiology .
- Board skills matrix indicates he contributes public company board experience, executive/banking operations, strategic planning, and governance/ethics capabilities among other skills the Board tracks .
Equity Ownership
| Metric | Amount | Notes |
|---|---|---|
| Total beneficial ownership | 14,065 shares | Includes instruments below |
| Options exercisable within 60 days | 8,690 | Counted in beneficial ownership per SEC rules |
| Unvested restricted stock (can vote) | 1,820 | May 30, 2024 director grant; 1-year vest |
| Percent of shares outstanding | ~0.074% | Derived: 14,065 ÷ 19,061,009 shares outstanding as of Mar 28, 2025 |
| Shares pledged as collateral | None disclosed; Company maintains anti-pledging policy | |
| Ownership guideline status | Meets 2,000-share requirement (company-wide compliance) |
Governance Assessment
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Strengths
- Independent director with deep operating experience as former bank CEO; relevant to Audit, Compensation and Strategic Planning roles .
- Solid alignment signals: annual director RS grant (1,820 shares) and stock ownership requirement; company prohibits hedging/pledging; all directors in compliance with ownership guideline as of year-end 2024 .
- Engagement: Board met 10 times; ≥75% attendance threshold achieved by all; full board attendance at 2024 annual meeting .
-
Watch items
- Committee load: Simultaneous service on Audit and Compensation Committees can be demanding; ensure continued attendance and capacity as responsibilities scale post-merger .
- Compensation Committee judgment: In 2024, the Committee (which includes Dobyns) applied discretionary adjustments to management incentive metrics to exclude merger-related costs and certain securities losses—reasonable given one-time nature, but warrants continued scrutiny to avoid excessive normalization over time .
- Board size and integration: At 15 directors post-merger, effectiveness depends on clear committee charters and disciplined meeting management (not a red flag per se, but relevant to oversight quality) –.
-
Conflicts/Related-party exposure
- Company reports no material related-party transactions since Jan 1, 2024; any insider loans are on market terms and exempt from SOX prohibitions .
-
Shareholder sentiment context
- Say-on-pay passed with ~94% support in the prior year, indicating broad shareholder alignment with compensation governance (board-level oversight includes Dobyns via Compensation Committee) .
Overall, Dobyns brings seasoned banking leadership and board experience with tangible ownership alignment and independence. The key governance focus areas are his dual committee workload and continued rigor in the Compensation Committee’s treatment of “one-time” adjustments during integration.