secwatch.observer — SEC 8-K summary
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Issuer:     Community West Bancshares (CWBC)
CIK:        0001127371
Form:       8-K/A
Filed at:   2026-06-15T20:06:42+00:00
Accession:  0001628280-26-043165
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Community West Bancshares files pro forma financials for USB merger; combined assets $4.98B
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- Pro forma 2025 net income $54.9M, EPS $2.04 basic; combined assets $4.98B, loans $3.41B, deposits $4.18B.
- Purchase consideration $184.7M: ~7.92M CWB shares issued at $23.30/share, exchange ratio 0.4520.
- Goodwill increased $54.6M to $155.9M; core deposit intangible $26.6M (amortized over ~5 yr life).
- Fair value adjustments applied to loans ($42.1M net discount) and time deposits ($0.4M premium).
- Estimated merger costs $5.2M net of tax; integration planned Q2-Q3 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127371/000162828026043165/0001628280-26-043165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127371/000162828026043165/cvcy-20260330.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-043165

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer