Community West Bancshares and United Security Bancshares are merging in an all-stock merger transaction.
Directors from United Security Bancshares will join Community West Bancshares upon the merger's completion.
The merger aims to create a more robust banking franchise in Central California.
Merger Agreement
The companies will combine in an all-stock merger transaction.
New Directors
Jay Gill and Dora Westerlund from United Security Bancshares will join the board of Community West Bancshares.
Leadership Expansion
The largest shareholder of United Security Bancshares is expected to become the Vice Chairman of Community West Bancshares.
- The addition of experienced directors will bring valuable leadership and guidance to Community West Bancshares.
- The merger is expected to enhance the visibility and strength of the banking franchise in Central California.
The pending additions to the board signify a significant step in the merger process, indicating a promising future for the combined entities.