secwatch.observer — SEC 8-K summary
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Issuer:     UNITED SECURITY BANCSHARES (—)
CIK:        0001137547
Form:       8-K
Filed at:   2025-12-17T23:59:59+00:00
Accession:  0001137547-25-000130
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137547/000113754725000130/0001137547-25-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137547/000113754725000130/ubfo-20251216.htm
  HTML page:      https://secwatch.observer/filing/0001137547-25-000130

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer