---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-022618"
form_type: "8-K"
ticker: "CWBC"
cik: "0001127371"
company_name: "Community West Bancshares"
filed_at: "2026-04-01T23:59:59+00:00"
generated_at: "2026-05-15T07:56:19.502368+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CWBC completes $185.5M all-stock merger with UBFO; combined assets ~$5B

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-022618
- form_type: 8-K
- ticker: CWBC
- cik: 0001127371
- company_name: Community West Bancshares
- filed_at: 2026-04-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 5.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1127371/000162828026022618/0001628280-26-022618-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1127371/000162828026022618/cvcy-20260330.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-022618
- JSON: https://secwatch.observer/filing/0001628280-26-022618.json
- Plain text: https://secwatch.observer/filing/0001628280-26-022618.txt

## Source-grounded claims
- claim_id: 5377d80149a55edd474a373d6b4b37d37e286b1d
  claim: 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).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1127371/000162828026022618/0001628280-26-022618-index.htm

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