Business Wire·Mar 16, 2026, 5:21 PM ET

Community West Bancshares Receives Regulatory Approvals to Merge With United Security Bancshares

Community West Bancshares (CWBC) and United Security Bancshares (UBFO) received required regulatory approvals from the FDIC, California DFPI, and a Federal Reserve Bank of San Francisco waiver for their proposed merger.
United Security Bancshares will merge into Community West Bancshares as the surviving entity, with United Security Bank merging into Community West Bank.
Transaction closing is expected in the second quarter of 2026, subject to shareholder approval at special meetings scheduled for March 30, 2026, and other customary conditions.
Operational system conversion is projected to be completed in the third quarter of 2026.
The combined entity will hold approximately $5 billion in total assets and operate banking centers across 13 Central California counties serving 31 communities.
James J. Kim serves as CEO of Community West Bancshares and Community West Bank, while Dennis R. Woods is Chairman, President, and CEO of United Security Bancshares and United Security Bank.
Both companies are headquartered in Fresno, California, with Community West Bank established in 1979 and United Security Bank founded in 1987.
Shareholders are advised to review the joint proxy statement/prospectus filed with the SEC for details on the proposed transaction before voting.