UNITED SECURITY BANCSHARES 8-K

What Happened United Security Bancshares (UBFO) and Community West Bancshares (CWBC) announced on March 16, 2026 that they have received regulatory approvals from the FDIC and the California Department of Financial Protection and Innovation, and a waiver from the Federal Reserve Bank of San Francisco, for the previously announced merger of United Security Bancshares into CWBC and the related merger of their bank subsidiaries. The companies expect to close the transactions in the second quarter of 2026, subject to approval by shareholders of both firms at special meetings scheduled for March 30, 2026, and satisfaction of customary closing conditions. CWBC has filed a Form S-4 registration statement and a joint proxy/prospectus has been distributed to shareholders.

Key Details

• Filing date: 8-K filed March 16, 2026; press release attached as Exhibit 99.1.
• Regulatory actions: approvals from FDIC and California DFPI, plus a waiver from the Federal Reserve Bank of San Francisco.
• Timeline: closing expected in Q2 2026; special shareholder meetings for both companies set for March 30, 2026.
• Documents: CWBC filed Form S-4; joint proxy/prospectus sent to shareholders and available on SEC and the companies’ investor websites.

Why It Matters Regulatory approvals are important milestones that clear key hurdles for the merger, but shareholder votes and other closing conditions remain. If approved and completed, the transaction will combine United Security and Community West (including their bank subsidiaries), which can affect shareholder ownership (CWBC will issue stock in the merger) and could change operations, staffing, and customer relationships. Investors should read the joint proxy/prospectus (Form S-4) for full terms, risks and expected effects, and consider the timeline and stated risks before voting. Documents are available free on SEC.gov and the companies’ investor webpages.