United Security Bancshares Completes Merger with Community West Bancshares, Delisting Stock
UBFO sits 44% above its 52-week low of $7.32 on elevated volume (8.1× avg).
Summary
United Security Bancshares has completed its merger with Community West Bancshares, resulting in the conversion of UBFO shares into CWBC stock and the delisting of UBFO from NASDAQ.
Key Events · M&A and Partnerships · UBFO
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Merger Completed
United Security Bancshares officially merged with Community West Bancshares, with Community West Bancshares as the surviving entity, effective April 1, 2026.
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Share Conversion
Each outstanding share of United Security Bancshares common stock was automatically converted into the right to receive 0.4520 shares of Community West Bancshares common stock.
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Stock Delisting and Deregistration
United Security Bancshares common stock will be delisted from NASDAQ, and the company will cease its reporting obligations under the Securities Exchange Act of 1934.
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Board and Officer Changes
All directors and executive officers of United Security Bancshares ceased serving upon the merger's consummation, with two former USB directors joining the boards of Community West Bancshares and Community West Bank.
Analysis · UBFO · Finance
This filing marks the definitive completion of the merger between United Security Bancshares and Community West Bancshares, a transaction previously approved by shareholders on March 31, 2026. For investors in United Security Bancshares, this means their shares have been converted into Community West Bancshares common stock at a ratio of 0.4520 shares per UBFO share. The company's stock will be delisted from NASDAQ, and its reporting obligations will cease, fundamentally altering the investment thesis for UBFO shareholders. This event concludes the independent operation of United Security Bancshares, integrating it into a larger, combined entity with approximately $5 billion in assets.
At the time of this filing, UBFO was trading at $10.51 on NASDAQ in the Finance sector, with a market capitalization of approximately $181.4M. The 52-week trading range was $7.32 to $11.52. This filing was assessed with negative market sentiment and an importance score of 10 out of 10.