secwatch.observer — SEC 8-K summary
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Issuer:     Community West Bancshares (CWBC)
CIK:        0001127371
Form:       8-K
Filed at:   2025-12-17T23:59:59+00:00
Accession:  0001628280-25-057501
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

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127371/000162828025057501/0001628280-25-057501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127371/000162828025057501/cvcy-20251216.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-057501

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