Two shareholder lawsuits filed challenging CWBC-UBFO merger; supplemental disclosures issued

Community West Bancshares

Two lawsuits filed Mar 4-5, 2026 in NY Supreme Court; demand letters allege disclosure deficiencies in merger proxy.
Company and USB deny allegations but voluntarily supplement proxy statement to moot claims and avoid delay.
Supplemental disclosures add updated financial tables, DCF assumptions, and Janney/Piper Sandler analyses.
Shareholder special meetings for both companies remain scheduled for March 30, 2026.
No assurances that additional lawsuits will not be filed against either company.

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