Community West Bancshares

Major Shareholding Notification • Feb 14, 2019

SC 13G/A 1 sc-13ga.htm

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934 (Amendment No. 1)*

Central Valley Community Bancorp

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(Name of Issuer)

Common Stock, no par value

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(Title of Class of Securities)

155685100

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(CUSIP Number)

12/31/18

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(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

| [ ] | Rule
13d-1(b) |
| --- | --- |
| [X] | Rule
13d-1(c) |
| [ ] | Rule
13d-1(d) |

• The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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CUSIP No. 155685100

| 1. | NAMES
OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Elizabeth Park Capital Advisors, Ltd. |
| --- | --- |
| 2. | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [ ] (b) [X] |
| 3. | SEC
USE ONLY |
| 4. | CITIZENSHIP
OR PLACE OF ORGANIZATION Ohio, U.S.A. |

| NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | SOLE
VOTING POWER 0 |
| --- | --- |
| 6. | SHARED
VOTING POWER 748,889 |
| 7. | SOLE
DISPOSITIVE POWER 0 |
| 8. | SHARED
DISPOSITIVE POWER 748,889 |

| 9. | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 748,889 |
| --- | --- |
| 10. | CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) [ ] |
| 11. | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.43% |
| 12. | TYPE
OF REPORTING PERSON (see instructions) IA |

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CUSIP No. 155685100

| 1. | NAMES
OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Fred Cummings |
| --- | --- |
| 2. | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [ ] (b) [X] |
| 3. | SEC
USE ONLY |
| 4. | CITIZENSHIP
OR PLACE OF ORGANIZATION U.S.A. |

| NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | SOLE
VOTING POWER 0 |
| --- | --- |
| 6. | SHARED
VOTING POWER 748,889 |
| 7. | SOLE
DISPOSITIVE POWER 0 |
| 8. | SHARED
DISPOSITIVE POWER 748,889 |

| 9. | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 748,889 |
| --- | --- |
| 10. | CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) [ ] |
| 11. | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.43% |
| 12. | TYPE
OF REPORTING PERSON (see instructions) IN, HC |

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Item 1.

| (a) | Name
of Issuer Central Valley Community Bancorp |
| --- | --- |
| (b) | Address
of Issuer’s Principal Executive Offices 7100 N. Financial Dr., Suite 101, Fresno,
California 93720 |

Item 2.

| (a) | Name
of Person Filing Elizabeth Park Capital Advisors, Ltd. Fred
Cummings |
| --- | --- |
| (b) | Address
of the Principal Office or, if none, residence 29525 Chagrin Blvd., Suite 318 Pepper
Pike, Ohio 44122 |
| (c) | Citizenship Elizabeth Park Capital Advisors, Ltd. – Ohio, U.S.A. Fred
Cummings – U.S.A. |
| (d) | Title
of Class of Securities Common Stock |
| (e) | CUSIP
Number 155685100 |

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

N/A

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Item 4. Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

| (a) | Amount
beneficially owned: Elizabeth
Park Capital Advisors, Ltd. - 748,889 Fred
Cummings - 748,889 | |
| --- | --- | --- |
| (b) | Percent
of class: Elizabeth
Park Capital Advisors, Ltd. – 5.43% Fred
Cummings – 5.43% | |
| (c) | Number
of shares as to which the person has: | |
| | (i) | Sole
power to vote or to direct the vote Elizabeth
Park Capital Advisors, Ltd. – 0 Fred
Cummings – 0 |
| | (ii) | Shared
power to vote or to direct the vote Elizabeth
Park Capital Advisors, Ltd. - 748,889 Fred
Cummings - 748,889 |
| | (iii) | Sole
power to dispose or to direct the disposition of Elizabeth
Park Capital Advisors, Ltd. – 0 Fred
Cummings – 0 |
| | (iv) | Shared
power to dispose or to direct the disposition of Elizabeth
Park Capital Advisors, Ltd. - 748,889 Fred
Cummings - 748,889 |

• The shares of the Common Stock, no par value (the “Shares”), of Central Valley Community Bancorp (the “Issuer”) reported herein are held by certain private investment funds and separately managed accounts (the “Elizabeth Park Entities”) managed by Elizabeth Park Capital Advisors, Ltd. (the “Adviser”). The Adviser is the Investment Manager of the Elizabeth Park Entities. Fred Cummings (together with the Adviser, the “Reporting Persons”) is the Managing Member of the Adviser. By virtue of these relationships, the Reporting Persons may be deemed to have shared voting and dispositive power with respect to the Shares owned directly by the Elizabeth Park Entities. This report shall not be deemed an admission that the Reporting Persons are beneficial owners of the Shares for purposes of Section 13 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Each of the Reporting Persons disclaims beneficial ownership of the Shares reported herein except to the extent of the Reporting Person’s pecuniary interest therein.

The beneficial ownership percentage reported herein is based on 13,796,549Shares issued and outstanding as of November 2, 2018, as disclosed in the Issuer’s Form 10-Q for the quarter ended September 30, 2018, as filed with the Securities and Exchange Commission on November 7, 2018.

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Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].

N/A

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

N/A

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

N/A

Item 8. Identification and Classification of Members of the Group.

N/A

Item 9. Notice of Dissolution of Group.

N/A

Item 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2019

| Elizabeth
Park Capital Advisors, Ltd. | |
| --- | --- |
| By: | /s/
Fred Cummings |
| | Fred
Cummings, Managing Member |
| Fred
Cummings | |
| By: | /s/
Fred Cummings |
| | Fred
Cummings, Individually |

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