8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): November 2, 2005

CAPITAL CORP OF THE WEST

(Exact Name of Registrant as Specified in Charter)

California	0-27384	77-0147763
(State or Other Jurisdiction	(Commission File	(IRS Employer
of Incorporation)	Number)	Identification No.)

550 West Main Street, Merced, California 95340

(Address of Principal Executive Offices) (Zip Code)

(209) 725-2200

(Registrant's telephone number, including area code)

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01 Other Events

On November 2, 2006, Capital Corp of the West (Nasdaq: CCOW) announced that its board of directors had declared a $.08 per share fourth quarter 2006 cash dividend for shareholders of record as of November 13, 2006, payable on December 4, 2006. A copy of the press release related to this dividend announcement appears as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

ITEM 9.01 Financial Statements and Exhibits

(a) Financial Statements of Business Acquired.

Not Applicable

(b) Pro Forma Financial Information.

Not Applicable

(c) Exhibit 99.1 - Copy of press release, dated November 2, 2006, issued by Capital Corp of the West.

SIGNATURES

Pursuant to the requirements 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.

Capital Corp of the West

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(Registrant)

Dated: November 3, 2005	By/s/ David A. Curtis
	David A. Curtis
	Vice President and Controller

EX-99.1

PRESS RELEASE

Available for Immediate Publication: November 2, 2006

Contacts: Thomas T. Hawker, President / Chief Executive Officer (209) 725-2276

David Heaberlin, EVP / Chief Financial Officer (209) 725-7435

Web Site www.ccow.com

Capital Corp of the West Declares $.08 Cash Dividend

Merced, California, November 2, 2006 -Capital Corp of the West (NASDAQ:NMS: CCOW), the holding company for County Bank, Central California’s Community Bank, announced today,that on October 31, 2006 its board of directors declared an $.08 cash dividend on the Company’s common stock. The dividend is payable on December 4, 2006 to stockholders of record as of November 13, 2006.

“This cash dividend of $.08 pershare marks our twelvth consecutive quarter of cash dividends that began in the first quarter of 2004”, stated Tom Hawker Chief Executive Officer of Capital Corp of the West. “The continued financialstrength of CCOW allows us to providethis dividend payout to our shareholders. This also marks the seventh consecutive quarter that we have maintained, or increased, the level ofour cash dividend after our nine for five stock split in the second quarter of 2005 and the third quarter of maintaining a dividend payout of $0.08 compared to the former payout of $0.05 per share - a 60% increase over immediate former levels and a 188% increase over original levels. The Central Valley economic outlook remains very positive as we continue the expansion of our branch network throughout the greater Central Valley. In the past year, our market penetration, in terms of deposits, has increased a full 1% so that we have now captured 7.5% of all deposits within the six counties where most of our branches are located. With 24 retail branches and six corporate lending centers, we offer a broad range of products and services to existing and new customers within the Central Valley,” continued Mr. Hawker.

Capital Corp of the West, a bank holding company established November 1, 1995, is the parent company of County Bank, which has 29 years of service as “Central California’s Community Bank.” Currently County Bank has twenty-four branch offices serving the counties of Fresno, Madera, Mariposa, Merced, Sacramento, Stanislaus, San Joaquin, San Francisco, Santa Clara, Sacramento, and Tuolumne. As of the latest FDIC data, County Bank has a 7.5% market share in the six Central California counties in which it has significant retail branches. This ranks County Bank fifth out of thirty-seven financial institutions in this market area. For further information about the Company’s financial performance, contact Tom Hawker, President & Chief Executive Officer at (209) 725-2276, or David Heaberlin Chief Financial Officer, at (209) 725-7435.