# UNITED SECURITY BANCSHARES (UBFO) — merger/definitive [completed]
Source: SEC API (secapi.ai) · situation sit_84e52df7a81be77ff576 · retrieved 2026-08-11T15:52:28.443Z

## Overview
United Security Bancshares is a California bank holding company that provides traditional commercial banking services through its wholly-owned subsidiary, United Security Bank, which operates 13 branches and three loan centers in California, offering commercial, real estate, and consumer loans along with deposit products and complementary banking services.

Community West Bancshares (CWB) will acquire United Security Bancshares (USB) in an all-stock merger, with USB merging into CWB. Each share of USB common stock will be converted into 0.4520 shares of CWB common stock, with cash paid in lieu of fractional shares. Based on CWB's closing price of $24.06 on December 16, 2025 (the day before public announcement), the implied merger consideration is $10.88 per USB share, with an aggregate transaction value of approximately $191.9 million. The merger is expected to close in the second quarter of 2026, subject to shareholder approval and regulatory approvals from the Federal Reserve, FDIC, and California Department of Financial Protection & Innovation.

## Terms
- Counterparty: Community West Bancshares · Deal value: $191.9M · Consideration: stock · Stake: 29.4% · Price/share: $10.88

## Key dates
- Record 2026-02-20 · Vote 2026-03-30 · Expected close 2026-06-30

## Timeline
- 2026-02-25 · DEFM14A (0001628280-26-011309): DEFM14A - UNITED SECURITY BANCSHARES — *United Security Bancshares is a California bank holding company that provides traditional commercial banking services through its wholly-owned subsidiary, United Security Bank, which operates 13 branches and three loan centers in California, offering commercial, real estate, and consumer loans along with deposit products and complementary banking services.* Community West Bancshares (CWB) will acquire United Security Bancshares (USB) in an all-stock merger, with USB merging into CWB. Each share of USB common stock will be converted into 0.4520 shares of CWB common stock, with cash paid in lieu of fractional shares. Based on CWB's closing price of $24.06 on December 16, 2025 (the day before public announcement), the implied merger consideration is $10.88 per USB share, with an aggregate transaction value of approximately $191.9 million. The merger is expected to close in the second quarter of 2026, subject to shareholder approval and regulatory approvals from the Federal Reserve, FDIC, and California Department of Financial Protection & Innovation.
  https://www.sec.gov/Archives/edgar/data/1137547/0001628280-26-011309.txt

## Citations
- 0001628280-26-011309 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000162828026011309