---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-022619"
form_type: "8-K"
ticker: null
cik: "0001137547"
company_name: "UNITED SECURITY BANCSHARES"
filed_at: "2026-04-01T23:59:59+00:00"
generated_at: "2026-05-15T07:56:35.781739+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Community West Bancshares completes acquisition of United Security Bancshares for ~$185.5M in stock

## Summary
- Merger closed April 1, 2026; UBFO shareholders receive 0.4520 CWBC shares per share, valued at ~$10.53/share.
- Total consideration ~$185.5M based on CWBC closing price of $23.30 on Mar 31; combined entity has ~$5B in assets.
- Two USB directors (Jay Gill, Dora Westerlund) join CWBC board; three CWBC directors retire (Chadwick, Dobyns, Smittcamp).
- Dennis R. Woods becomes Chairman Emeritus; James J. Kim remains CEO/President; Daniel J. Doyle Chairman, Jay Gill Vice Chairman.
- UBFO stock delisted from Nasdaq; USB ceases to exist as separate entity.

## SEC filing metadata
- accession: 0001628280-26-022619
- form_type: 8-K
- cik: 0001137547
- company_name: UNITED SECURITY 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, 3.01, 3.03, 5.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1137547/000162828026022619/0001628280-26-022619-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1137547/000162828026022619/ubfo-20260401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-022619
- JSON: https://secwatch.observer/filing/0001628280-26-022619.json
- Plain text: https://secwatch.observer/filing/0001628280-26-022619.txt

## Source-grounded claims
- claim_id: 203bcd33d433facc43c1abafc9b4608a38ffcbf5
  claim: UNITED SECURITY BANCSHARES underwent a change of control involving Community West Bancshares for $185.5 million (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/1137547/000162828026022619/0001628280-26-022619-index.htm

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