California United Bank announced that it has completed a $20 million secured credit commitment to help Sherwood Country Club purchase the club from its original developer, Sherwood Development Company L.P. The new owners plan to convert Sherwood to a private equity country club. Sherwood Country Club will also utilize California United Bank’s cash management services. A private country club in Ventura County, with a golf course designed by Jack Nicklaus, Sherwood is the home of the Target World Challenge, hosted by Tiger Woods.
