---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-057501"
form_type: "8-K"
ticker: "CWBC"
cik: "0001127371"
company_name: "Community West Bancshares"
filed_at: "2025-12-17T23:59:59+00:00"
generated_at: "2026-05-16T12:52:03.600106+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Exchange ratio: 0.4520 CWBC shares per UBFO share; implied price ~$10.88/share based on CWBC close of $24.06 on Dec 16, 2025.
- Combined pro forma assets ~$5B; UBFO shareholders to own ~29.4% of combined entity; CWBC shareholders ~70.6%.
- Transaction expected to close in Q2 2026, subject to regulatory and shareholder approvals from both companies.
- Two UBFO directors (including Jagroop "Jay" Gill) to join CWBC board; Dennis Woods to serve as Chairman Emeritus for two years.
- Termination fee of $7.7M payable by UBFO under certain circumstances; voting support agreements executed by directors and officers.

## SEC filing metadata
- accession: 0001628280-25-057501
- form_type: 8-K
- ticker: CWBC
- cik: 0001127371
- company_name: Community West 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/1127371/000162828025057501/0001628280-25-057501-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1127371/000162828025057501/cvcy-20251216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-057501
- JSON: https://secwatch.observer/filing/0001628280-25-057501.json
- Plain text: https://secwatch.observer/filing/0001628280-25-057501.txt

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