secwatch.observer — SEC 8-K summary
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Issuer:     Community West Bancshares (CWBC)
CIK:        0001127371
Form:       8-K
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0001628280-26-022618
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 5.02, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127371/000162828026022618/0001628280-26-022618-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127371/000162828026022618/cvcy-20260330.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-022618

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