Welcome to our dedicated page for United Sec Bancshares Calif SEC filings (Ticker: UBFO), 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.
United Security Bancshares filings document the former bank holding company's operating results, shareholder votes, material agreements, governance matters and capital-structure disclosures for its common stock. Periodic and current reports covered United Security Bank as the operating subsidiary, including its branch banking and lending departments.
The filing record also documents the completed end of UBFO's standalone public-company status. Form 25 recorded removal of United Security Bancshares common stock from Nasdaq listing and registration, while Form 15 certified termination of Exchange Act registration or suspension of reporting duties after its merger into Community West Bancshares.
UNITED SECURITY BANCSHARES director Dora Westerlund reported disposing of her holdings in connection with the company’s merger into Community West Bancshares. She returned 18,770 shares of common stock to the issuer and also disposed of 15,000 stock options. Each share of United Security common stock was converted into the right to receive 0.4520 of a Community West common share as merger consideration. According to the filing, these transactions left her with no remaining United Security common shares or stock options following the merger’s effective time.
United Security Bancshares notified Nasdaq of the removal/withdrawal of its Common Stock from listing and registration. Nasdaq certified that it complied with rules to strike the class, and the issuer complied with Exchange requirements governing voluntary withdrawal. The notice is signed by a Nasdaq CDO analyst.
Community West Bancshares completed its all-stock merger with United Security Bancshares, creating a larger Central California community banking franchise. United Security shareholders received 0.4520 shares of Community West Bancshares common stock for each United Security share, valuing the deal at approximately $185.5 million, or $10.53 per share based on Community West’s March 31, 2026 closing price of $23.30.
The combined company has roughly $5 billion in total assets, retains both banks’ offices across 13 counties and 31 communities, and adds two former United Security directors to the Community West boards. United Security’s stock will be delisted from NASDAQ, and its SEC registration and reporting obligations will be terminated.
United Security Bancshares reported results of a special meeting of shareholders held on March 30, 2026. Shareholders representing 12,019,562 shares, or 68.27% of the 17,604,923 issued and outstanding shares entitled to vote, were present, establishing a quorum.
Shareholders approved the principal terms of the Agreement and Plan of Merger dated December 16, 2025, between Community West Bancshares and United Security Bancshares, under which United Security Bancshares will merge with and into Community West Bancshares. They also approved a proposal to adjourn the special meeting if needed to solicit additional proxies in support of the merger.
UNITED SECURITY BANCSHARES SVP & Chief Risk Officer Robert C. Oberg Jr. exercised derivative rights to acquire 7,391 shares of common stock on 2026-03-24. To cover obligations related to this exercise, 3,036 shares were disposed of through tax withholding, a non-market transaction.
These transactions resulted in a net increase of 4,355 shares, bringing Oberg’s directly owned common stock holdings to 29,469.392 shares after the reported activity. The filing characterizes the acquisition as an exercise or conversion of a derivative security and the disposition as payment of tax liability using shares.
United Security Bancshares filed its annual report and reported 2025 net income of $12.3 million, down from $14.8 million in 2024, as higher credit loss provisions and operating costs offset margin gains. Net interest margin improved to 4.41% and the average cost of deposits rose to 1.08%.
The company signed an all‑stock merger agreement with Community West Bancshares, with closing expected in the second quarter of 2026. Loans ended 2025 at $915.4 million while deposits grew to $1.09 billion. It also redeemed $6.0 million of trust preferred subordinated debentures and paid total cash dividends of $0.48 per share in 2025.
United Security Bancshares filed an 8-K describing supplemental disclosures for its pending merger with Community West Bancshares. The S-4 registration statement for the stock-for-stock merger is effective, and both companies plan special shareholder meetings on March 30, 2026 to vote on the transaction.
The filing notes two New York lawsuits and several shareholder demand letters alleging disclosure deficiencies in the joint proxy statement/prospectus. While both companies state they believe these claims lack merit, they are voluntarily adding detail on merger background, board considerations, valuation work, comparable company and transaction analyses, and discount-rate assumptions to reduce litigation risk and avoid delays.
Updated materials include a relative contribution table showing pro forma ownership of 71% for Community West and 29% for United Security based on a 0.4520x exchange ratio, plus projected earnings per share accretion of 10.2%–19.1% from 2026–2029 and initial tangible book value dilution that narrows over time.
United Security Bancshares and Community West Bancshares have received key regulatory approvals, including 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 transaction in the second quarter of 2026, subject to shareholder approvals at special meetings on March 30, 2026 and other customary conditions. After completion, United Security Bancshares will merge into Community West Bancshares, their banks will be combined, and the resulting institution is expected to have about $5 billion in total assets and banking centers across 31 communities in 13 Central California counties.
Community West Bancshares (CWB) and United Security Bancshares (USB) have agreed to merge, with CWB as the surviving company. Under the merger, each issued and outstanding share of USB common stock will be converted into the right to receive 0.4520 shares of CWB common stock, with cash paid in lieu of fractional shares. Based on CWB closing prices of $24.06 on December 16, 2025 and $24.28 on February 18, 2026, the implied per-share values for USB are $10.88 and $10.97, with aggregate implied transaction values of approximately $191.9M and $193.3M, respectively. After the merger, current CWB shareholders are expected to own approximately 70.6% and current USB shareholders approximately 29.4% of the combined company. The special meetings of shareholders are scheduled for March 30, 2026, and consummation remains subject to shareholder approvals and required regulatory clearances.
United Security Bancshares insider activity: Senior Vice President and Chief Credit Officer William M. Yarbenet reported acquiring 2,785 shares of United Security Bancshares common stock on 01/27/2026 at a reported price of $0 per share. Following this transaction, he beneficially owns 75,475.04 shares, held directly.