Document:

FEDERAL RESERVE BANK OF SAN FRANCISCO
                     101 MARKET STREET, SAN FRANCISCO 94105

                                November 6, 2003

RYAN D. SCHLICHTING
MANAGER, ENFORCEMENT
BANKING SUPERVISION AND REGULATION

Mr. Llewellyn Stone
President and Chief Executive Officer
Community West Bancshares
455 Pine Avenue
Goleta, California 93117

Dear Mr. Stone:

     This is in regards to the Memorandum of Understanding (the "MOU") between
Community West Bancshares ("Bancshares") and the Federal Reserve Bank of San
Francisco (the "Reserve Bank"), effective February 22, 2001.

     Our records indicate that Bancshares has continued to sustain compliance
with the Reserve Bank's MOU since the fourth quarter of 2001, including the
correction of 23 A & B violations of law, strengthening of internal controls,
reduction of the level of debt, and improved capital planning. Moreover, our
review indicates that the subsidiary bank, Goleta National Bank has achieved
full compliance with the Office of Comptroller of the Currency's consent order
dated October 28, 2002, which was lifted on October 21, 2003. As a result of the
findings noted above, the Reserve Bank hereby rescinds the MOU.

     As part of this Reserve Bank's initiative to conduct a risk-focused
supervisory program, we will continue to monitor your institution's risk profile
using bank and holding company regulatory reports, public information, and the
examination reports we receive from your primary bank supervisor. Should you
have any questions, please do not hesitate to contact us.

                                       Sincerely,

                                       /s/ Ryan D. Schlichting

Telephone: (415) 974-2896 FAX: (415) 974-2855 Email: ryan.schlichting@sf.frb.org
<PAGE>EMPLOYMENT AND CONFIDENTIALITY
                         ------------------------------
                          AGREEMENTGOLETA NATIONAL BANK
                          -----------------------------
                      President and Chief Executive Officer
                      -------------------------------------

     This Employment and Confidentiality Agreement (the "Agreement") is made and
entered  into  between  Goleta  National  Bank (the "Bank"), its parent company,
Community  West  Bancshares  (the  "Company"), and Lynda J. Nahra ("Executive").

                                   Witnesseth
                                   ----------

     Whereas  the  Bank  is  a  California  national  banking  association  duly
organized,  validly  existing, and in good standing under the laws of the United
States of America, with power to own property and carry on its business as it is
now  being  conducted,  with its principal place of business located at 445 Pine
Street,  Goleta,  CA.  93117;

     Whereas  the  Bank  desires  to  avail  itself  of the skill, knowledge and
experience  of  Executive  in  order  to insure the successful management of its
business;

     Whereas  the  parties  hereto  desire  to  specify the terms of Executive's
employment  by the Bank and Company as controlling Executive's employment at the
Bank;

     Now,  therefore,  in  consideration of the representations, warranties, and
mutual covenants set forth in this Agreement, the following terms and conditions
shall  apply  to  Executive's said employment effective as of April 1, 2003 (the
"Effective  Date"):

     1.     ARTICLE  1  -  EMPLOYMENT  AND  TERM
                           ---------------------

          1.1     Employment. The Bank and Company shall employ the Executive as
                  -----------
Bank's President and Chief Executive Officer (the "Position"), and the Executive
accepts  such  employment, in accordance with the terms and conditions set forth
in  this  Agreement.  The  place  of Executive's employment under this Agreement
shall  be  in  Goleta,  California,  at  a  location  determined by the Board of
Directors.

          1.2     Term.  The  term  of  employment under this Agreement ("Term")
                  -----
shall  commence  on  the Effective Date and end on December 31, 2006, subject to
early  termination,  provided  in  Article  4,  below.

          1.3     Renewal.     Upon the expiration of such Term, the Executive's
                  --------
employment  under  this  Agreement  shall  automatically  renew for a successive
period  of  12  months  ("Renewal  Term"), and upon expiration of any subsequent
Renewal  Terms  shall  automatically renew for a successive period of 12 months;
unless, at least three (3) months before the expiration of any preceding Term or
Renewal  term,  either  the  members  of the board of directors of the Bank (the
"Board  of  Directors"  or the "Board") provide written notice of non-renewal to
Executive; or, unless, three (3) months prior to the expiration of any preceding
Term  or  Renewal Term, that Executive provides written notice of non-renewal to
Bank.

                                        1
<PAGE>
     2.     ARTICLE  2  -  DUTIES  OF  THE  EXECUTIVE
                           --------------------------

          2.1     Powers.  Executive  shall  be  empowered  by  and at all times
                  -------
subject to the powers by law vested in the Board of Directors of the Bank and in
the  Bank's  shareholders.  The  Executive shall report directly to the Board of
Directors  of the Bank and the President/Chief Executive Officer of the Company.

          2.2     Duties.  Executive  shall  have  direct responsibility for the
                  -------
management of Bank's activities. Executive agrees to render services and perform
the  duties  and  acts  of  President and Chief Executive Officer of the Bank in
connection with any aspect of Bank's business as may be required by the Board of
Directors of Bank or the President/Chief Executive Officer of Company. Executive
shall  perform  these  Duties, and Specific Duties as defined below, faithfully,
diligently,  to the best of Executive's ability and in the best interests of the
Bank,  consistent  with  the  highest  standards  of the banking industry and in
compliance with all applicable laws, rules, regulations, and policies applicable
to  the  Bank,  including, but not limited to, the Federal Deposit Insurance Act
and  all  regulations  thereunder,  Bank's  Articles  of Association and Bylaws.

          2.3     Specific Duties. The Executive agrees to undertake and perform
                  ----------------
all  duties required of the Position ("Specific Duties"), including, but are not
limited  to:

     a.   Develop  a management plan that recognizes the importance of following
          the  laws  and  regulations  of  the Officer of the Comptroller of the
          Currency  and  a  system  to  monitor  compliance  of  the  same;

     b.   Develop,  with  the advice and counsel of Company's senior management,
          the  overall  goals,  policies and operating plans for the Bank, which
          "Goals"  shall  be  submitted to Bank's Board of Directors in writing,
          for  approval;

     c.   Represent  Bank  in  its  relationship  with competitors, governmental
          agencies  and  outside  counsel  as  necessary;

     d.   Ensure  that Bank policies are uniformly disseminated, understood, and
          properly  interpreted  and  administered  by  subordinates;

     e.   Maintain the adequacy and soundness of the Bank's financial structure,
          establish  effective  control  techniques which permit the appropriate
          delegation  of  responsibility  and  authority  to  satisfy the Bank's
          fiscal  needs  and  to  conserve  the assets entrusted to the Company;

     f.   Approve  staffing  levels  and  salary considerations on behalf of the
          Bank;

     g.   Prescribe  specific  limitations  on the authority of all subordinates
          regarding  Bank  policies  and  procedures,  contractual  commitments,
          expenditures  and  personnel  actions;

     h.   Review and approve appointments, employment, transfers, or termination
          of  all  key  executives  for  the  Bank.

                                        2
<PAGE>
     i.   Assume a leadership role in community affairs and local organizations,
          and  maintain  positive  relationships with local businesses and other
          senior  bank  officers, with the objective to promote public relations
          which  may  lead  to  business development activities on behalf of the
          Bank;

     j.   Develop  and  implement  programs  to  encourage the successful future
          management  of  the  Bank  (Succession  Planning);

     k.   Serve  as  a  member of the Bank's Board of Directors, Director's Loan
          Committee  and  other  such  committees  as  determined  by the Board;

     m.   Be  responsible,  along  with  the  Chief  Financial  Officer, for the
          protection  of  shareholder  and  creditor  rights  and  interests,
          implementing  controls  and  audits  as they deem necessary to protect
          such  rights.

          2.4     Conflict  of  Interests.  Executive  shall  not  directly  or
                  ------------------------
indirectly render any services of a business, commercial or professional nature,
to any other person, firm or corporation, whether for compensation or otherwise,
which  are  in  conflict with the Bank's interests. Further, Executive shall not
engage  in  any  activity  that  would impair the Executive's ability to act and
exercise  independent  judgment  in  the  best  interests  of  Bank.

          2.5     Exclusive  Services.  During employment by the Bank, Executive
                  --------------------
shall  not,  without the express prior written consent of the Board of Directors
of  the  Bank,  engage  directly  or  indirectly  in  any  outside employment or
consulting  of  any kind, whether or not the Executive receives remuneration for
such  services.

     3.     ARTICLE  3  B  COMPENSATION
                           ------------

     As  the  total  consideration for the services that Executive renders under
this  Agreement,  Executive  shall  be  entitled  to  the  following:

          3.1 Base Salary. Effective April 1, 2003, the Bank shall pay Executive
              ------------
a  base  salary  of  $160,000.00  per year, less income tax and other applicable
withholdings.  On  July 1, 2003, the Bank shall increase Executive's base salary
to $175,000.00 per year, less income tax and other applicable withholdings. Base
salary  shall  be  paid  in  accordance  with  Bank's regular payroll practices.

          3.2  Annual  Bonus.  At  the sole discretion of Bank, Executive may be
               --------------
eligible to receive an annual bonus, at an amount determined by the Board in its
sole  discretion. If it is determined that a bonus will be paid Executive in any
calendar year, the bonus will be paid at or near the close of the calendar year,
but  no  later  than  30  days  after  year-end.

          3.3  Stock  Options.  The  Executive  shall  be entitled to options of
               ---------------
30,000  shares  of Common Stock of Community West Bancshares (the "Options"), in
accordance  with  the  terms and conditions set forth in the Bank's Stock Option
Plan  ("The  Option  Documents".

                                        3
<PAGE>
          3.5     401K  Plan.  Executive  will be eligible to participate in the
                  -----------
Bank's  401  (k)  Plan.

          3.6     Bank  Executive Benefits. The Executive shall be provided with
                  -------------------------
Bank's  Executive  benefit  plans,  for  both  Executive  and family, to include
medical,  dental,  vision,  prescription  plan, life insurance (one and one-half
times  [1.5x]  annual  base), and short-term disability benefits. In all events,
the  Bank's  liability  to  Executive shall be limited to the amount of premiums
payable  by  the  Bank  to  obtain  the  coverage  contemplated  herein.

          3.7     Vacation.  Executive shall be entitled to vacation time of not
                  ---------
be more than four (4) weeks per year, provided however that, during each year of
the  Term  or  Renewal Term(s), Executive is required to and shall take at least
two  (2) weeks of said vacation (the "mandatory vacation"), which shall be taken
consecutively.

          3.8     Reimbursement for Expenses. The Bank shall reimburse Executive
                  ---------------------------
for  any and all reasonable business expenses incurred by Executive on behalf of
Bank  in  the  performance  of  this  Agreement,  approved  expenditures  to  be
determined  by  the  Board  of  Directors  ("Business Expenses"). A reimbursable
Business Expense shall be of a nature qualifying it as a proper business expense
deduction  on  the  federal  and state income tax returns of the Bank. Executive
must  be  able to furnish adequate records and other documentary evidence as may
be  required  by  Federal  and  State  statues.

     4.     ARTICLE  4  -  TERMINATION
                           -----------

          4.1     Termination  At  Will. Pursuant to the provisions of 12 U.S.C.
                  ----------------------
Section  24  and  notwithstanding  anything to the contrary herein, the Bank may
terminate  this Agreement at any time by action of the Board of Directors of the
Bank.  Such termination shall be effective immediately upon receipt of notice by
Executive  from  the  Bank.

          4.2     Termination  Without  Cause.
                  ----------------------------

               (a)     If  during  the  Term  or  Renewal Term, the Executive is
terminated  without  cause,  Executive  shall  be  entitled  to  the  following:

               (b)     Notice Period.  Three (3) months notice shall be provided
                       --------------
by  Bank  to  Executive  of (i) termination of employment without cause or, (ii)
Bank's  decision  not  to  renew  the  Agreement  ("Notice  Period").

               (c)     Compensation.
                       -------------

                       (i)     Notice  Payment.  During  the  Notice  Period,
                               ----------------
Executive  will  continue  to  receive salary and benefits and shall continue to
perform  the  Duties  and  Specific  Duties  of  employment as defined under the
Agreement, described above, in which case the terms of the Mutual Agreement will
apply.

                       (ii)     Deferred  Compensation.  Commencing  on  the
                                -----------------------
Effective  Date,  Bank shall establish a balance sheet liability account for the
benefit  of  Executive.  At the end of each month an amount equal to six percent
(6%)  of  the  Executive's  base salary for that month shall be credited to said
liability account. In addition, interest on the balance

                                        4
<PAGE>
in  said  account  shall  be  credited  monthly at a rate equivalent to the then
current  rate  offered on a six (6) month certificate of deposit at the Bank. If
Executive's  employment terminates for any reason, the balance in said liability
account shall be paid to Executive upon her demand. Said liability account shall
not  be  insured  by  the  FDIC  or any other insurer, and Executive shall be an
unsecured  creditor  in  the  event  of  the  Bank's  insolvency.

               (d)     Benefits.
                       ---------

                       (i)   After Termination, all Executive benefits available
under  Article  3.6  herein,  shall  be  continued  by Bank, contingent upon and
subject to Executive's COBRA election described under Article 4.2 (d)(ii) below,
with Bank to pay the premium cost for the first six (6) months, and Executive to
pay  the premium cost thereafter. Such Benefits to continue until the earlier of
(a)  the  expiration  of  one  (1)  year  following  Executive's  termination of
employment  with  the  Bank, or (b) the date Executive becomes covered under any
other  group  health  plan not maintained by the Bank, the Company or any of its
subsidiaries,  or (c) Executive provides notice to Bank or the COBRA provider to
discontinue  The  Benefits.

                       (ii)   In  the  event  Executive  is  required to make an
election under Executive Retirement Income Security Act of 1974 Sections 601 et.
seq. ("COBRA") to qualify for The Benefits, Bank's obligation hereunder shall be
conditioned  upon  Executive's  making  a  timely  election.

          4.3  Termination for Cause (12 C.F.R. ' 563.39). Termination for Cause
               -------------------------------------------
shall mean termination because of Executive's incompetence, personal dishonesty,
willful  misconduct,  any  breach  of  fiduciary duty involving personal profit,
habitual  neglect  of  duties,  intentional  failure  to  perform stated duties,
willful  violation of any law, rule or regulation (other than traffic violations
or  similar  offenses) or final cease-and-desist order or material breach of any
provision  of  this  Agreement.  Written  notice  delivered  to  Executive  is a
prerequisite to Termination for Cause and such termination shall be effective on
the  delivery  date  of  the  written  notice. Executive shall have the right to
receive  compensation or other benefits which have already vested or been earned
as  of  the date of notice of Termination for Cause, unless expressly prohibited
by  the  terms  of any plan, program or agreement governing such compensation or
benefits;  and Executive shall be entitled to Deferred Compensation and Benefits
described  under  Termination  Without  Cause,  4.2  (c)(ii),and  (d).

          4.4     Termination  by  Other  Event
                  -----------------------------

               (a)  Termination  by  "Other  Event"  shall  mean:  Executive's
resignation  based  upon  a  material  change in Executive's assigned duties and
responsibilities  at  Bank  which  are  inconsistent  with Executive's status as
President/Chief  Executive  Officer of Bank and which cause Executive's position
to become one of lesser responsibility, importance, or scope from the Duties and
Specific  Duties described herein, or if Bank is otherwise in material breach of
any  of  the  terms  or covenants of this Agreement; and such material change or
breach  occurs  and  continues  without  Executive's  written  consent.  As  a
prerequisite  to  such  resignation,  the Bank shall have an opportunity to cure
said  material  change  or  breach within fifteen (15) days of Bank's receipt of
written  notice

                                        5
<PAGE>
specifying  the  material  breach or unacceptable change and the opportunity for
Bank  to  resolve  said  breach.

               (b)  In  the  event  of Termination by Other Event, The Executive
shall  be  entitled  to  Deferred  Compensation and The Benefits described under
Termination  Without  Cause,  4.2  (c)(ii),  and  (d).

          4.5     Termination  By  the  Executive  or  Death. If the Executive's
                  -------------------------------------------
employment is terminated as a result of Executive's death, the Bank shall pay to
the  Executive,  her  beneficiary or beneficiaries or Executive's estate, as the
case  may  be,  the  base salary earned but unpaid through the Termination Date,
which  shall  be  the  date  of  death.

          4.6     Termination  by  Mental  or  Physical  Disability.
                  --------------------------------------------------

               (a)     If  Executive  is  absent  from  work  or  found  to  be
physically  or  mentally incapable of performing Executive's Duties and Specific
Duties  for  a period of ninety (90) consecutive days, or a cumulative period of
one  hundred  twenty  (120)  days  in  any  one  (1) calendar year, the Board of
Directors  acting  in  good  faith,  may  terminate  the  Executive's employment
hereunder  as  of  the  Termination  Date  specified  in  a  written  notice  of
termination  delivered  to  Executive,  except  that  there is no minimum Notice
Period  requirement.

               (b)     For  purposes  of this Agreement only, physical or mental
disability  shall  be  defined  as Executive being unable to fully perform under
this  Agreement  for  a  continuous  period  of ninety (90) days or a cumulative
period  of  one  hundred  twenty  (120)  days  in  any  one  (1)  calendar year.

               (c)     If  the  Executive's employment is terminated by the Bank
pursuant  to  this  Section, such termination shall be with cause, as defined in
Section  4.3, Termination With Cause, and Executives' rights shall be subject to
the  provisions  thereof.

               (d)     If  there  should  be  a dispute between the Bank and the
Executive  as  to  the Executive's physical or mental disability for purposes of
this  Agreement,  the  question  shall be settled by the opinion of an impartial
reputable physician or psychiatrist mutually agreed upon by the parties or their
representatives,  or  if  the  parties cannot agree within ten (10) days after a
request  for  designation  of  such  party,  then by a physician or psychiatrist
designated  by  the  Santa  Barbara  County  Medical  Association.

          4.7  Change in Control. If Executive's employment is terminated within
               ------------------
twelve (12) months following a merger, consolidation or reorganization where the
Bank  is  not  the  surviving  or  resulting  entity,  or  upon  a sale or other
disposition  of  all  or  substantially  all  of  the assets of the Bank, or the
acquisition  of  fifty  percent (50%) or more of the combined outstanding voting
shares  of  the  Bank  (collectively  "Change  in  Control"), Executive shall be
entitled  to  six  (6)  months  base  salary,  and  to Deferred Compensation and
Benefits  described  under  Termination  Without  Cause,  4.2  (c)(ii), and (d).

                                        6
<PAGE>
     5.     ARTICLE  5-  CONFIDENTIALITY  AND  NON-SOLICITATION
                         --------------------------------------

          5.1     Confidentiality  and  Trade  Secrets.  Executive  acknowledges
                  -------------------------------------
that,  in  the  course  of  employment  with  the  Bank,  Executive will acquire
information about the Bank's borrowers and clients, terms and conditions of Bank
transactions,  pricing information for the purchase or sale of assets, financing
and securitization arrangements, research materials, manuals, computer programs,
formulas  analyzing  assets  portfolios,  techniques,  data, marketing plans and
tactics,  technical  information,  lists  of  asset  sources,  the processes and
practices of the Bank and related companies, information contained in electronic
or computer files, financial information, salary and wage information, and other
information  that is designated by the Bank or its affiliates as confidential or
that  Executive  knows  or  should  know is confidential information provided by
third  parties  and  that  the  Bank  or  its  affiliates  are obligated to keep
confidential  as  well  as  other  proprietary  information  of  the Bank or its
affiliates  ("Confidential  Information").  Executive  acknowledges  that  all
Confidential  Information  is and shall continue to be the exclusive property of
the  Bank.  The  Executive  agrees not to disclose any Confidential Information,
either  during  the  Term  or  thereafter,  directly  or  indirectly,  under any
circumstances  or  by  any means, to any third person or party without the prior
written  consent  of  the  Bank.

          5.2     Non-Solicitation  of  Executives.  Except  as permitted by the
                  ---------------------------------
prior  written consent of the President/CEO of Company and Board of Directors of
Bank,  during the period of six (6) months after the termination date, Executive
shall  not  directly  or  indirectly  solicit  for employment or for independent
contractor  work  from  any  Executive of the Bank or the Company, and shall not
encourage  any  such  Executive  to leave the employment of Bank or the Company.

          5.3     Non-Solicitation  of Customers.   During the period of six (6)
                  -------------------------------
months following the termination date, Executive shall not directly: (a) solicit
business  from any customers of the Bank or Company; (b) encourage any customers
to  stop  using  the  facilities  or  services  of  the  Bank or Company; or (c)
encourage  any  customers to use the facilities or services of any competitor of
the  Bank  or  Company.

          5.4     Company  to  Benefit  from  Provisions.  To  the  extent  any
                  ---------------------------------------
provisions  of  this Article 5 relate in any way to Confidential Information and
trade secrets of the Company, then the obligations of Executive set forth herein
shall  also  extend  to  the  Company  and  inure  to  its  benefit.

6.     ARTICLE  6  -  BANK'S  OWNERSHIP  IN  EXECUTIVE'S  WORK
                      ----------------------------------------

          6.1  Bank's  Ownership.  The  Executive  agrees  that  all inventions,
               ------------------
discoveries,  improvements,  trade  secrets,  formulas,  techniques, mask works,
processes,  and  know-how, whether or not patentable, and whether or not reduced
to  practice,  that are conceived or developed during the Executive's employment
with  the  Bank, either alone or jointly with others, or relating to the Bank or
to  the  banking industry ("Bank's Work"), and any written record that Executive
may  maintain  of Bank's Work, shall be owned exclusively by the Bank. Executive
hereby  assigns  to Bank, all of Executive's right, title, and interest, if any,
in such intellectual property defined as Bank's Work. Executive shall furnish to
Bank  any  and  all  such  records  pertaining  to Bank's Work, immediately upon
request.

                                        7
<PAGE>
          6.2     Return  of  Bank's Property and Materials.    Upon termination
                  ------------------------------------------
of  employment  with  the  Bank,  Executive  shall  deliver to the Bank all Bank
property  and  materials  that  are  in  the  Executive's possession or control,
including  Bank's  Work,  within  five  (5)  calendar  days.

          6.3     Company  to  Benefit  from  Provisions.  To  the  extent  any
                  ---------------------------------------
provisions of this Article 5 relate in any way to information, property, rights,
projects,  ventures,  or  inventions  of  the  Company,  then the obligations of
Executive set forth in this Article 6 shall also extend to the Company and inure
to  its  benefit.

     7.     ARTICLE  7  -  ARBITRATION
                           -----------

          7.1     If  any dispute, controversy or claim arises out of or relates
to  this  Agreement,  such  dispute,  controversy,  or claim shall be settled by
binding  arbitration  only, in accordance with the Rules of Judicial Arbitration
and  Mediation  Services,  using  legal  principles  and  damages  according  to
California  Law,  and  shall  be  selected  by  and agreed upon by both parties.
Judgment  upon  the  arbitrator's  award  shall  be  entered in the jurisdiction
thereof.  The arbitrator shall determine which is the prevailing party and shall
include  in  the award, the prevailing party's actual attorney's fees and costs.
The arbitrator shall have no authority to grant either punitive or consequential
damages  to  any  party.

          7.2     If  the  parties  cannot  agree  upon  the  selection  of  an
arbitrator  within  ten  (10) days of written demand upon the other, the parties
shall  choose  from  a list to be provided by the main Los Angeles office of the
American  Arbitration  Association  ("AAA")  or  of  the  Federal  Mediation and
Conciliation  Service,  using  the strike method, with the first to strike being
determined  by  the  flip  of  a  coin.

          7.3     As  soon as practicable after selection of the arbitrator, the
arbitrator  or  their  designated  representative  shall  determine a reasonable
estimate of anticipated fees and costs setting forth that party's pro rata share
of  said  fees  and costs. Thereafter, each party shall, within ten (10) days of
receipt  of said statement, deposit said sum with the arbitrator. Failure of any
party to make such a deposit shall result in a forfeiture by the non- depositing
party  of the right to prosecute or defend the claim which is the subject of the
arbitration,  but  shall  not  otherwise  serve  to  abate, stay, or suspend the
arbitration.

          7.4     Unless  the  parties  agree  otherwise, within one hundred and
twenty  (120)  days  of  the  selection  of  the  arbitrator, a hearing shall be
conducted  at  a  time  and  a  place  in  Los Angeles County agreed upon by the
parties.  Arbitration shall be conducted in accordance with AAA employment rules
and  procedures ("AAA Rules"), then in effect. In the event of any inconsistency
between AAA Rules and this Agreement, the terms of this Agreement shall prevail.

          7.5     Within  thirty  (30)  days  of  conclusion  of the arbitration
hearing,  the arbitrator shall issue an award, accompanied by a written decision
explaining  the basis for the arbitrator's award. The decision of the arbitrator
shall  be  final, binding, and non- appealable, except as otherwise permitted by
law,  and  may  be  enforced  as  a  final  judgment  in  any court of competent
jurisdiction.

                                        8
<PAGE>
     8.     ARTICLE  8  -  MISCELLANEOUS
                           -------------

          8.1     Severable  Provisions.  Should any provisions or parts of this
                  ----------------------
Agreement  be  declared  invalid, void or unenforceable, by a court of competent
jurisdiction,  the  validity  and binding effect of any remaining portions shall
not  be  affected  and  they  shall  remain  in full force and effect as if this
Agreement  had  been  executed  with  said  provision(s)  or part(s) eliminated.

          8.2     Indemnification.  The  Bank and Executive agree to maintain in
                  ----------------
place at all times during the Term and Renewal Term(s), under this Agreement, an
"Indemnification  Agreement"  substantially  similar  in form and content as the
Indemnification Agreement entered into by the parties on December 20, 2001 ("The
Indemnification  Agreement").  Any  payments  made  to Executive pursuant to The
Indemnification Agreement are subject to and conditioned upon compliance with 12
C.F.R. Section 545.121, any rules or regulations promulgated thereunder, and all
benefits  and  privileges to which the Executive is otherwise entitled by law or
pursuant  to  the  Bylaws  of  the  Bank  or  the  Company.

          8.3     Successors  and Assigns.  The Bank shall require any successor
                  ------------------------
or  assignee, whether direct or indirect, by purchase, merger, consolidation, or
otherwise  to  all or substantially all of the business or assets of the Bank to
expressly  assume  and  agree  to  perform in writing this Agreement in the same
manner  and  to the same extent that the Bank would be required to perform it if
no  such succession or assignment had taken place. This Agreement shall inure to
the  benefit  of  and  be binding upon the Bank, its successors and assigns, and
upon  the  Executive  and Executive's heirs, executors, administrators and legal
representatives.  No  party  to  this Agreement may delegate its or their duties
hereunder  without  the  prior  written  consent  of  the  other  party  to this
Agreement.

          8.4     Governing  Law.    This Agreement is entered into in the State
                  ---------------
of  California,  and  California  law shall in all respects govern the validity,
construction,  and  interpretation  of  this  Agreement.

          8.5     Entire  Agreement.  This  Agreement,  including  any documents
                  ------------------
expressly  incorporated  into it by the terms of this Agreement, constitutes the
entire agreement between the parties. This Agreement supersedes and rescinds any
and  all  prior  oral  and written agreements, understandings, negotiations, and
discussions  relating to the employment of Executive by Bank. This Agreement may
not  be  modified,  supplemented  or  amended  by oral agreement, but only by an
agreement  in  writing  signed  by  Bank  and  Executive.

          8.6     Notice.  Any  notice  or  other  communication  required  or
                  -------
permitted  under this Agreement shall be in writing and shall be deemed received
(i)  when  personally  delivered, or, (ii) if mailed, one week after having been
placed  in  the  United  States mail, registered, or certified, postage prepaid,
addressed  to  the  party  to whom it is directed at the address listed below or
(iii)  if  sent  by  facsimile,  when the notice is transmitted to the facsimile
number  specified  below,  and  the  appropriate  confirmation  is  received:

                                        9
<PAGE>
If  to  the  Bank:
------------------

     Goleta National Bank           Telephone:(805) 692-5821 (M.Shewmon)
     445 Pine Street                Facsimile: (805) 692-2897
     Goleta, California 93317
     Attention: Michael Alexander
     Chairman of the Board

If  to  the  Executive:
-----------------------

     Lynda J. Nahra                 Telephone:(805) 984-6411
     2205 South Victoria Avenue
     Channel island Harbor, California 93035

     In  order  for  a  party to change its address or other information for the
purpose  of  this section, the party must first provide notice of that change in
the  manner  required  by  this  section.

     9.     ARTICLE  9-  RECEIPT  OF  AGREEMENT
                         ----------------------

          (a) Receipt of Agreement. Each of the parties hereto acknowledges that
              ---------------------
they  have  read  this  Agreement  in  its  entirety and does hereby acknowledge
receipt  of  a  fully  executed  copy thereof. A fully executed copy shall be an
original  for  all  purposes,  and  is  a  duplicate  original.

     In  witness  whereof,  the  parties hereto have caused this Agreement to be
executed  as  of  the  date  and  year  set  forth  below.

                                        ACCEPTED AND AGREED:

                                        GOLETA NATIONAL BANK, A COMMUNITY
                                        WEST BANCSHARES COMPANY

Date:___________________                By:___________________________
                                        Name: Michael Alexander
                                        Title: Chairman of the Board

                                        EXECUTIVE  Date:

Date:___________________                By:___________________________
                                        Name: Lynda J. Nahra, Executive

                                       10
<PAGE>

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