0001628280-26-022618
SEC filingCommunity West Bancshares completed its all-stock merger with United Security Bancshares on April 1, 2026, creating a combined company with approximately $5 billion in total assets and expanding its presence in Central California.
Community West Bancshares has completed its strategic merger with United Security Bancshares, significantly expanding its scale and geographic footprint in Central California. The all-stock transaction, valued at approximately $185.5 million based on the March 31, 2026 closing price of $23.30 per share, creates a combined organization with approximately $5 billion in total assets. This represents the seventh acquisition for Community West Bancshares and positions the company as a stronger community banking franchise with expanded resources and lending capacity. The merger received strong shareholder support, with approximately 71% of outstanding shares voting in favor of the transaction. Governance changes include the appointment of two new directors from United Security Bancshares, Jagroop 'Jay' Gill as Vice Chairman and Dora Westerlund, bringing the total board size to fourteen directors. The combined organization retains the banking offices of both banks, serving 31 communities across 13 counties in Central California, with leadership emphasizing cultural alignment and a planned systems conversion in summer 2026 to ensure seamless integration.