Community West Bancshares and United Security Bancshares are set to combine in an all-stock merger transaction.
Two current directors from United Security Bancshares will join the board of Community West Bancshares post-merger.
The merger aims to create a stronger banking franchise in Central California.
Merger Agreement
The companies will combine in an all-stock merger transaction.
New Board Members
Directors Jagroop "Jay" Gill and Dora Westerlund from United Security Bancshares to join Community West Bancshares' board post-merger.
Leadership Addition
Mr. Gill expected to be appointed Vice Chairman of Community West Bancshares' board.
Vision and Mission
Community West Bancshares established in 1979, focuses on exceeding expectations for businesses and communities in Central California.
- The addition of experienced directors from United Security Bancshares will enhance the leadership and guidance within Community West Bancshares.
- The merger is aimed at creating a more robust and visible banking franchise, serving communities throughout Central California.
The pending additions to the board of directors signify a significant step in the merger process, aiming to strengthen the banking services offered by the combined entity. The companies are committed to providing exceptional service and fostering economic growth in the region.