Community West Bancshares has completed its previously announced all-stock merger with United Security Bancshares, forming a larger regional community bank serving Central California.
Under the terms of the transaction, United Security Bancshares shareholders received 0.4520 shares of Community West Bancshares common stock for each share held, implying a total deal value of approximately $185.5 million, or $10.53 per share based on a March 31, 2026 closing price of $23.30.
The merger brings together two relationship-focused community banks and expands the combined organization’s footprint across Greater Sacramento, the San Joaquin Valley, and the Central Coast. The newly combined entity now operates with approximately $5 billion in total assets and maintains banking centers across 13 counties, serving 31 communities.
Leadership of the combined company includes James J. Kim as CEO and President, Daniel J. Doyle as Chairman, Jagroop “Jay” Gill as Vice Chairman, and Andriana D. Majarian as Lead Independent Director. The board consists of 14 directors, including two from United Security Bancshares. Former United Security Bancshares CEO Dennis R. Woods joins as Chairman Emeritus, focusing on client retention.
The transaction marks the seventh acquisition for Community West Bancshares, continuing a multi-decade expansion strategy that has included several regional bank integrations.
The company emphasized that the merger enhances lending capacity, expands product offerings, and strengthens its ability to support businesses and communities across Central California, while maintaining its community banking model. Integration efforts are underway, with a systems conversion planned for summer 2026.
KEY QUOTES:
“This merger represents a significant milestone for our Company and reflects the strength of two organizations coming together with shared values, building upon our foundation for long-term success. We are pleased to welcome new Directors, Jay Gill and Dora Westerlund. Additionally, we welcome Dennis R. Woods to the Bank, and thank those whose leadership helped guide the Company to this milestone.”
Daniel J. Doyle, Chairman, Community West Bancshares
“We are grateful for the hard work, perseverance and collaborative efforts of our directors and management teams to make this merger possible. I look forward to helping the combined organization grow and thrive.”
Dennis R. Woods, Chairman Emeritus, Community West Bank
“With approximately $5 billion in assets, we are entering a new era of opportunity for our Company. This merger, and the continued success of our Company, are driven by our exceptional team of banking professionals. It strengthens our ability to invest in our Central California communities, expand lending capacity, and deliver enhanced solutions to our clients, while remaining true to our community banking roots and positioning us for continued growth and long-term value. Equally important is our alignment in culture and client service. Together, we are creating a more robust and visible banking franchise with greater depth of expertise, expanded resources, and enhanced capacity to support our employees, businesses, families, and communities. We are now focused on thoughtful integration and ensuring a seamless experience for clients as we move toward a planned systems conversion in the summer of 2026.”
James J. Kim, CEO and President, Community West Bancshares and Community West Bank
“We look forward to building a franchise with greater scale and an expanded suite of products and service offerings which will allow us to deliver exceptional service to our combined clients and generate significant value to our shareholders.”
Jagroop “Jay” Gill, Vice Chairman, Community West Bancshares
