United Security Bancshares Completes Merger with Community West Bancshares, Delisting Stock

summarizeSummary

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.

check_boxKey Events

• Merger Completed

  United Security Bancshares officially merged with Community West Bancshares, with Community West Bancshares as the surviving entity, effective April 1, 2026.

• 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.

• 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.

• 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.

auto_awesomeAnalysis

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.