Community West Bancshares SEC Filings

Community West BancsharesUnited Security Bancshares, two of United Security’s current directors, Jagroop “Jay” Gill and Dora Westerlund, are expected to join Community West’s board after the proposed merger closes, subject to Community West’s corporate governance requirements. Mr. Gill is also expected to serve as Vice Chairman of the Community West board. The report reiterates that the merger remains subject to shareholder approvals, regulatory and other conditions, and highlights numerous risks that could delay, change or prevent completion of the transaction. Community West also notes it will file a Form S-4 registration statement containing a joint proxy statement/prospectus so shareholders of both companies can evaluate and vote on the proposed merger.

Community West Bancshares reported that, under its previously announced merger agreement with United Security Bancshares, two United Security directors, Jagroop “Jay” Gill and Dora Westerlund, are expected to join Community West’s board after the proposed merger is completed, subject to the company’s corporate governance requirements. Mr. Gill is also expected to serve as vice chairman of the board. The update comes via a joint press release furnished as an exhibit and is accompanied by extensive cautionary language about forward‑looking statements, outlining risks that could delay, alter or prevent completion of the merger, including shareholder approvals, regulatory approvals, integration challenges and potential dilution from issuing additional Community West common stock.

Community West Bank and United Security Bank plan to merge, creating one of the largest community banks headquartered in Central California. The combined organization is expected to have approximately $5 billion in total assets, $4.2 billion in deposits, $3.5 billion in loans and a branch network serving 13 counties. Leadership of the combined company will be headed by James J. Kim, with a board including 13 current Community West Bancshares directors and two from United Security Bancshares, and Dennis R. Woods serving as Chairman Emeritus. The merger remains subject to regulatory and shareholder approvals and is expected to close in Q2 2026. The document emphasizes that it is business as usual until closing, with current performance reviews, compensation and benefits continuing, and states that some roles may change or be eliminated, with severance based on years of service for employees who are not retained.

Community West Bancshares is planning to merge its subsidiary Community West Bank with United Security Bank, creating a larger community banking franchise focused on Central California. United Security Bank will merge into Community West Bank, and the combined company is expected to close the merger in Q2 2026. Leadership will remain centered around James J. Kim as CEO of Community West Bancshares and CEO and President of Community West Bank, with Daniel J. Doyle continuing as Chairman and Dennis R. Woods serving as Chairman Emeritus. The combined organization expects to have approximately $5 billion in total assets and a banking center network across 13 counties, serving both urban and rural markets. The banks emphasize shared values of relationship banking, local decision-making and community service, and highlight broader product offerings, higher lending limits and expanded career opportunities for employees. Both banks will operate independently until closing while integration and core systems planning continue.

Community West Bancshares announced that it has entered into a merger agreement to acquire United Security Bancshares and their respective banking subsidiaries. The combined company aims to create one of the strongest community banks in Central California, leveraging both banks’ long histories of relationship-based, locally focused banking.

The merger is expected to close during the second quarter of 2026. Community West’s existing executive team will continue to lead the combined organization, the Board of Directors will remain under Chairman Dan Doyle, and the headquarters will stay in Fresno. Until the transaction is finalized, Community West Bank and United Security Bank will continue operating independently while employees are asked to stay focused on serving clients and communities.

Community West Bancshares agreed to acquire United Security Bancshares in an all‑stock merger, with United Security shareholders receiving 0.4520 Community West shares for each of their shares. Based on Community West’s closing price of $24.06 on December 16, 2025, the deal’s implied value is about $191.9 million, and United Security shareholders are expected to own roughly 29.4% of the combined company at closing.

United Security Bank will merge into Community West Bank, and its branches will operate under the Community West brand. As of September 30, 2025, United Security Bancshares reported total assets of $1.24 billion, net loans of $942.1 million and deposits of $1.08 billion. The agreement includes a $7.7 million termination fee payable by United Security in certain circumstances, and the merger is expected to close in the second quarter of 2026, subject to shareholder and regulatory approvals.

Community West Bancshares entered into an Agreement and Plan of Merger to combine with United Security Bancshares in an all-stock transaction. United Security shareholders will receive 0.4520 shares of Community West common stock for each share they own, implying a total deal value of approximately $191.9 million based on Community West’s December 16, 2025 share price.

After closing, United Security shareholders are expected to own about 29.4% of the combined company. United Security Bank will merge into Community West Bank, and all United Security branches will operate under the Community West Bank name. As of September 30, 2025, United Security had total assets of $1.24 billion, total net loans of $942.1 million and total deposits of $1.08 billion.

The merger is expected to close in the second quarter of 2026, subject to regulatory approvals and shareholder approvals from both companies. The agreement includes customary covenants, a $7.7 million termination fee payable by United Security in certain situations, and voting and support agreements from directors and certain officers of both companies.

Community West Bancshares (CWBC) director share acquisition reported

A director of Community West Bancshares filed a Form 4 reporting a small increase in holdings of CWBC common stock. On November 14, 2025, the reporting person acquired 402 shares of CWBC common stock in an open-market purchase coded as a "P" transaction at a price of $21.37 per share. After this dividend-related acquisition, the director beneficially owns 78,236 shares of CWBC common stock in direct ownership.

The explanation notes that the shares were acquired through dividend reinvestment on November 14, 2025, indicating the transaction reflects automatic reinvestment of cash dividends rather than a discretionary large purchase or sale.