8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

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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): February 5, 2007

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 February 5, 2007, Capital Corp of the West (Nasdaq: CCOW) announced that its board of directors had declared a $.08 per share first quarter 2007 cash dividend for shareholders of record as of February 7, 2007, payable on February 28, 2007. 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) Exhibits

99.1Copy of press release, dated February 5, 2007, 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: February 8, 2007	By/s/ David A. Heaberlin
	David A. Heaberlin
	Executive Vice President and Chief Financial Officer

EX-99.1

PRESS RELEASE

Available for Immediate Publication: February 5, 2007

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, February 5, 2007 -Capital Corp of the West (NASDAQ:NMS: CCOW), the holding company for County Bank, Central California’s Community Bank, announced today,that on January 30, 2007 its board of directors had declared a $.08 cash dividend on the company’s common stock. The dividend is payable on February 28, 2007 to stockholders of record as of February 7, 2007.

“This cash dividend of $.08 pershare marks our thirteenth 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. “This also marks the eighth 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 fourth 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 positive, particularly in the counties where we have been concentrating the expansion of our branch network - Fresno, San Joaquin and Stanislaus. 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 26 retail branches and six corporate lending centers, we offer a broad range of products and a unique commitment to service in meeting the needs of existing and new customers within the Central Valley,” continued Mr. Hawker.

Reference Information

Capital Corp of the West, a California bank holding company established on November 1, 1995, is the parent company of County Bank, which is celebrating in 2007 more than 30 years of service as “Central California’s Community Bank.” Currently County Bank has twenty six branch offices and six Business Lending Centers serving the counties of Fresno, Madera, Mariposa, Merced, Sacramento, Stanislaus, San Joaquin, San Francisco, Santa Clara and Tuolumne. As of the latest FDIC data, County Bank has 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 banking institutions in this market area. For further information about the Company’s financial performance, contact Tom Hawker, President and Chief Executive Officer at (209) 725-2276, or Dave Heaberlin, Treasurer and Chief Financial Officer, at (209) 725-7435.