---
schema_version: "secwatch.filing_event.v1"
accession: "0001137547-25-000130"
form_type: "8-K"
ticker: null
cik: "0001137547"
company_name: "UNITED SECURITY BANCSHARES"
filed_at: "2025-12-17T23:59:59+00:00"
generated_at: "2026-05-16T12:52:12.705048+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# United Security Bancshares agrees to merge with Community West in all-stock deal valued at $191.9M

## Summary
- All-stock merger: UBFO shareholders receive 0.4520 CWBC shares/share; deal valued at ~$191.9M based on CWBC close of $24.06 on Dec 16.
- Combined company to have ~$5B total assets; UBFO shareholders will own ~29.4%, CWBC ~70.6%.
- Transaction expected to close Q2 2026, subject to regulatory and shareholder approvals.
- Two UBFO directors (Jagroop Gill plus one other) to join CWBC board; Dennis Woods to serve as Chairman Emeritus for two years.
- Both boards unanimously approved; Piper Sandler advised UBFO, Janney Montgomery Scott advised CWBC.

## SEC filing metadata
- accession: 0001137547-25-000130
- form_type: 8-K
- cik: 0001137547
- company_name: UNITED SECURITY BANCSHARES
- filed_at: 2025-12-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1137547/000113754725000130/0001137547-25-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1137547/000113754725000130/ubfo-20251216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001137547-25-000130
- JSON: https://secwatch.observer/filing/0001137547-25-000130.json
- Plain text: https://secwatch.observer/filing/0001137547-25-000130.txt

## Key facts
- Material Agreements
  UNITED SECURITY BANCSHARES entered into Agreement and Plan of Merger (the “Merger Agreement”) with Community West Bancshares valued at implied total deal value is approximately $193.1 million (effective 2025-12-16).
  - Action: entry
  - Agreement: merger
  - Counterparty: Community West Bancshares
  - Value: implied total deal value is approximately $193.1 million
  - Effective: 2025-12-16
  source text: On December 16, 2025, United Security Bancshares, a California corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Community West Bancshares, a California corporation (“CWBC”), pursuant to which the Company will merge with and into CWBC, with CWBC as the surviving corporation (the “Merger”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1137547/000113754725000130/0001137547-25-000130-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.