Community West Bank receives regulatory approval for merger
Community West Bancshares, the parent company of Community West Bank, announced March 16 that the required regulatory approvals for its merger with United Security Bank from federal and state entities have been granted, paving the way for the deal to go through.
The deal, first announced in December, is expected to close by the second quarter of 2026. The conversion of all operational systems is expected to be completed in the third quarter of 2026.
Upon merger completion, the combined company will have approximately $5 billion in total assets and will operate Banking Centers in 13 Central California counties, representing 31 unique communities.
“Receiving regulatory approval moves us one step closer to bringing our two organizations together,” stated James J. Kim, CEO of Community West Bancshares and CEO and President of Community West Bank. “We are proud of our 46-year history and pleased to welcome United Security Bank’s team as we expand our ability to serve Central California. By uniting our organizations, we are strengthening our regional community bank with greater capacity to support employees and deliver long-term value to our clients, communities, and shareholders.”
United Security Bancshares shareholders will receive 0.4520 shares of Community West Bancshares common stock for each common share. That puts the value of the transaction at $191.9 million or about $10.88 per United Security share on Dec. 17.
