Community West Bancshares And United Security Bancshares Sign ~$191.9M All-Stock Merger Agreement

Community West Bancshares (NASDAQ:CWBC), Fresno, California, parent company of Community West Bank, and United Security Bancshares (NASDAQ:UBFO), parent company of United Security Bank, Fresno, California, announced today that they had signed a definitive merger agreement pursuant to which the companies will combine in an all-stock merger transaction. Following the merger of United Security Bancshares with and into Community West Bancshares, United Security Bank will merge with and into Community West Bank.

United Security Bank's full-service branches in Fresno, Madera, Kern, San Joaquin and Santa Clara Counties will join Community West Bank's full-service Banking Centers in 12 Central California counties. The Community West Bancshares and United Security Bancshares boards of directors have unanimously approved the transaction, which is expected to close in the second quarter of 2026, subject to customary closing conditions, including regulatory approvals and shareholder approval from both parties.

Under the terms of the definitive merger agreement, United Security Bancshares shareholders will be entitled to receive 0.4520 shares of Community West Bancshares common stock for each share of United Security Bancshares common stock. Based upon Community West Bancshares' closing share price of $24.06 on December 16, 2025, the transaction is valued at approximately $191.9 million, or $10.88 per United Security Bancshares common share.