Community West Bancshares (CWBC): M&A transaction — CWBC completes $185.5M all-stock merger with UBFO; combined assets ~$5B

Community West Bancshares

USB shareholders receive 0.4520 CWBC shares per share; deal valued at ~$185.5M ($10.53/USB share).
Combined company has ~$5B in assets; bank now operates in 13 counties across Central California.
Board expanded to 14 directors; USB's Jay Gill named Vice Chairman, Dora Westerlund appointed.
Three CWBC directors retired; USB's Dennis Woods becomes Chairman Emeritus at Community West Bank.
Systems conversion planned for summer 2026; shareholders of both companies approved March 30.

item 2.01 item 5.02 item 5.07 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Community West Bancshares completed an acquisition involving United Security Bancshares for approximately $185.5 million, or $10.53 per United Security Bancshares common share (closed 2026-04-01).

Action: acquisition
Counterparty: United Security Bancshares
Consideration: approximately $185.5 million, or $10.53 per United Security Bancshares common share
Closing: 2026-04-01

Exact text from the filing

common stock. Based on the closing price of Community West Bancshares common stock of $23.30 per share on March 31, 2026, the value of the merger consideration was approximately $185.5 million, or $10.53 per United Security Bancshares common share. The merger combines two relationship-focused community banks with a shared commitment to serving Central California’s

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5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Community West Bancshares filing history →

Source: SEC EDGAR

accession 0001628280-26-022618

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