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Community West Bancshares and United Security Bancshares Announces Pending Additions to Board of Directors

  • Community West Bancshares (NASDAQ: CWBC) & United Security Bancshares (NASDAQ: UBFO) announced that Jagroop "Jay" Gill & Dora Westerlund will join the Community West Bancshares board upon merger consummation, subject to governance compliance.
  • Jagroop "Jay" Gill, the largest shareholder & Vice Chairman of United Security Bancshares, is expected to be appointed Vice Chairman of the combined Community West Bancshares board.
  • Daniel J. Doyle, Chairman of Community West Bancshares, stated the new directors will provide leadership to build a robust banking franchise in Central California.
  • Community West Bancshares operates full-service banking centers throughout Central California with departments covering commercial lending, agribusiness, SBA, residential construction, mortgage, manufactured housing, private banking, & cash management.
  • United Security Bancshares operates United Security Bank with 13 branches in Fresno, Bakersfield, Campbell, Caruthers, Coalinga, Firebaugh, Fowler, Mendota, Oakhurst, San Joaquin, & Taft, offering commercial & personal banking services.
  • Both companies intend to file a Form S-4 registration statement with the SEC containing a joint proxy statement/prospectus for shareholder voting on the all-stock merger transaction.
  • Shareholders are urged to review SEC filings, including 10-K reports filed in March 2025 & proxy statements filed in April 2025, before making voting or investment decisions.
  • The press release includes forward-looking statements regarding the merger, integration, & expected synergies, with risks including regulatory approval, shareholder approval, & successful integration.