The required regulatory approvals from the Federal Deposit Insurance Corporation and the California Department of Financial Protection and Innovation, as well as a waiver from the Federal Reserve Bank of San Francisco, have been received pursuant to the proposed merger in which United Security Bancshares, the parent company of United Security Bank, will merge with and into Community West Bancshares, the parent company of Community West Bank, as the surviving company, and United Security Bank will merge with and into Community West Bank.
The closing of the transaction is expected to be completed in Q2/26, subject to approval by the shareholders of both companies at special meetings scheduled for March 30, 2026, and the satisfaction of certain other customary closing conditions contained in the merger agreement. The conversion of all operational systems is expected to be completed in Q3/26.
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,” James J. Kim, CEO of Community West Bancshares and CEO and president of Community West Bank, said. “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.”
Dennis R. Woods, chairman of the board, president and CEO of United Security Bancshares and United Security Bank, said, “This milestone reflects the shared values, relationship-based banking and community commitment that have guided both of our organizations for decades. We believe combining our two organizations creates a strong foundation for Community West Bank’s long-term strength into the future.”
