Community West Bancshares completed its merger with United Security Bancshares on April 1, creating a bank with about $5 billion in total assets and operations across 13 counties and 31 communities in Central California.
Under the all-stock deal, United Security Bancshares shareholders received 0.4520 shares of Community West Bancshares for each share they owned. Based on Community West Bancshares’ March 31 closing price of $23.30, the transaction valued each United Security share at about $10.53, putting the total deal value at roughly $185.5 million.
The combined company keeps the Community West Bancshares name and the Community West Bank name. It now has banking offices spanning greater Sacramento, the San Joaquin Valley and the Central Coast.
The board of the combined company has 14 directors, including 12 from Community West Bancshares and two from United Security Bancshares. James J. Kim remains chief executive officer and president, Daniel J. Doyle is chairman, Jagroop “Jay” Gill is vice chairman, and Andriana D. Majarian is lead independent director.
The merger is the company’s seventh acquisition. Previous deals included Community West Bancshares in 2024, Folsom Lake Bank in 2017, Sierra Vista Bank in 2016, Visalia Community Bank in 2013, Service 1st Bank in 2008 and Bank of Madera County in 2005.
The company said it plans a systems conversion in summer 2026. The market has reacted to these announcements by moving the company's shares -0.13% to a price of $22.79. If you want to know more, read the company's complete 8-K report here.
