Welcome to our dedicated page for Community West Bancshares SEC filings (Ticker: CWBC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Community West Bancshares filings document the regulatory record of a California bank holding company and its wholly owned bank subsidiary, Community West Bank. The company’s disclosures cover banking operations, operating and financial results, dividends, capital-structure matters, material agreements, completed merger activity and Regulation FD investor presentations.
The filing record also includes definitive proxy materials and Form 8-K reports addressing governance, shareholder voting matters, executive compensation, board oversight and officer or director changes. Risk-factor and capital disclosures relate to the company’s community banking model, including lending, deposits, securities, non-interest income and bank regulatory obligations.
Community West Bancshares has issued its definitive proxy statement for the 2026 Annual Meeting, where shareholders will elect 13 directors, ratify Baker Tilly US, LLP as independent auditor, and vote on a non-binding advisory resolution on executive compensation.
The proxy highlights strong 2025 performance, including net income of $38.2 million and diluted EPS of $2.00, up from $7.7 million and $0.45 in 2024, driven in part by lower merger-related costs. Loans grew $202.4 million (8.77%), total assets rose 5.2%, and deposits reached $3.10 billion, while regulatory capital ratios remained solid. Executive pay mixes higher variable compensation tied to financial metrics, with 2025 NEO bonuses ranging from about 33.7% to 60% of salary and new restricted stock grants to align management with shareholders.
Community West Bancshares director Dora Westerlund acquired 13,908 shares of CWBC common stock. The shares were received on April 1, 2026 when United Security Bancshares merged into Community West Bancshares under a previously signed Agreement and Plan of Merger.
Each outstanding share of United Security Bancshares common stock was converted into the right to receive 0.4520 of a CWBC share, with cash paid instead of any fractional share. Westerlund’s post‑transaction direct holding is 13,908 CWBC shares, reflecting an acquisition through share conversion rather than an open‑market purchase.
Community West Bancshares director Jagroop Gill acquired 583,067 shares of CWBC common stock as part of a merger with United Security Bancshares. On April 1, 2026, each USB share converted into 0.4520 CWBC share, with no purchase price. Gill now directly holds 583,067 CWBC shares.
Community West Bancshares director Kirk Stovesand exercised stock options for 2,370 shares of CWBC common stock. The options were exercised at an exercise price of $14.85 per share, converting derivative securities into common shares.
After the transaction, Stovesand directly holds 82,332 shares of Community West Bancshares common stock. The filing shows an option exercise and share acquisition, with no reported open-market sales or tax-withholding dispositions in this event.
Community West Bancshares director Dora Westerlund has filed a Form 3, serving as an initial insider ownership report for the company. The filing lists no equity or derivative transactions, and the transaction summary shows zero buys, sells, exercises, gifts, or other dispositions.
Community West Bancshares director Jagroop Gill has filed an initial Form 3 indicating insider status with the company. The provided data show no reportable transactions, share holdings, or derivative positions at this time, so the filing serves primarily as a baseline disclosure of directorship.
Community West Bancshares completed its all-stock merger with United Security Bancshares on April 1, 2026, creating a larger Central California community bank. USB merged into Community West, and United Security Bank merged into Community West Bank, which continues as the surviving bank.
USB shareholders received 0.4520 shares of Community West common stock for each USB share. Based on Community West’s March 31, 2026 closing price of $23.30, the deal values USB at approximately $185.5 million, or $10.53 per share. The combined company has approximately $5 billion in total assets and an expanded footprint across 13 counties and 31 communities in Central California.
Community West shareholders approved the merger, with 13,558,443 votes in favor out of 13,617,034 shares represented, meeting quorum. The new board has 14 directors, including two from USB, with James J. Kim as CEO and President, Daniel J. Doyle as Chairman, and Jagroop “Jay” Gill as Vice Chairman.
Community West Bancshares provided an update on its planned merger with United Security Bancshares and issued supplemental disclosures to the joint proxy statement/prospectus. The update notes two New York lawsuits and shareholder demand letters challenging merger disclosures, and explains that additional details are being provided voluntarily to avoid delay and distraction.
The new disclosures add background on USB’s sale process and board views, fuller relative contribution and peer tables, and more detail on valuation work by Janney and Piper Sandler. Illustrative pro forma metrics show USB contributing 29% of combined ownership based on a 0.4520x exchange ratio, CWB’s 2026 estimated earnings at $44.6 million versus USB’s $15.6 million, and modeled CWB EPS accretion of 10.2–19.1% with tangible book value dilution improving from (9.5)% at closing to 2.2% by 2029.
Community West Bancshares announced that it and United Security Bancshares have received required regulatory approvals from the FDIC and the California Department of Financial Protection and Innovation, plus a waiver from the Federal Reserve Bank of San Francisco, for their previously announced merger.
The companies expect to close the merger in the second quarter of 2026, subject to shareholder approval at special meetings on March 30, 2026 and other customary conditions. Operational systems conversion is targeted for the third quarter of 2026. After completion, the combined bank is expected to have about $5 billion in total assets and banking centers across 31 communities in 13 Central California counties.
Community West Bancshares executive Timothy Joseph Stronks exercised stock options and increased his direct shareholdings. On March 13, 2026, he exercised options covering 15,800 shares of CWBC common stock at an exercise price of $16.35 per share, acquiring 15,800 shares.
Following the transaction, Stronks directly owns 25,090 shares of CWBC common stock. He also retains several stock option awards, including options over 5,925, 1,580, 3,950 and 7,900 underlying shares with exercise prices between $8.79 and $17.51, expiring between 2029 and 2032.