Community West Bancshares and United Security Bank to merge

Community West Bancshares (CWBC) and United Security Bancshares (UBFO) announced they have signed a definitive merger agreement to combine in an all-stock transaction. Under the terms, United Security Bancshares shareholders will receive 0.4520 shares of Community West Bancshares common stock for each share of United Security Bancshares common stock. Based on Community West’s December 16 closing price, the transaction is valued at approximately $191.9M. The deal is expected to close in Q2 2026, subject to regulatory and shareholder approvals.