Community West Bancshares Completes Strategic Merger with United Security Bancshares
Community West Bancshares has successfully finalized its all-stock merger with United Security Bancshares, creating a prominent community banking entity dedicated to serving Central California. This merger marks a significant milestone in the landscape of regional banking.
Merger Details and Financial Aspects
Under the merger agreement, shareholders of United Security Bancshares will receive 0.4520 shares of Community West Bancshares common stock for each share they own. The total value of the deal is approximately $185.5 million, equating to $10.53 per share based on the March 31, 2026, closing price of $23.30.
Expanding Regional Reach
This merger unites two community-focused banks and expands their combined presence across Greater Sacramento, the San Joaquin Valley, and the Central Coast. The newly formed entity controls approximately $5 billion in total assets and now operates banking centers in 13 counties, effectively serving 31 communities throughout Central California.
Leadership Structure
The leadership team of the combined organization includes:
- James J. Kim: CEO and President
- Daniel J. Doyle: Chairman
- Jagroop “Jay” Gill: Vice Chairman
- Andriana D. Majarian: Lead Independent Director
The board consists of 14 directors, which includes representatives from United Security Bancshares. Notably, former United Security Bancshares CEO Dennis R. Woods will assume the role of Chairman Emeritus, focusing on fostering client relationships.
Strategic Acquisition History
This merger represents the seventh acquisition for Community West Bancshares, reflecting its commitment to a multi-decade growth strategy characterized by integrating regional banks.
Enhancing Community Support
The merger is designed to enhance the bank’s lending capacity, expand its range of product offerings, and strengthen its overall ability to serve local businesses and communities. The integration process is already underway, with a systems conversion planned for the summer of 2026.
Key Statements from Leadership
Daniel J. Doyle, Chairman: “This merger represents a significant milestone for our company, reflecting the strength of two organizations with shared values coming together. We are enthusiastic about welcoming new directors, and acknowledging the leadership that helped us reach this pivotal moment.”
Dennis R. Woods, Chairman Emeritus: “This merger opens a new chapter of opportunity for our organization. The hard work and collaboration of our teams have made this possible, and I am excited to facilitate growth in the combined company.”
James J. Kim, CEO and President: “With our combined $5 billion in assets, we are poised for outstanding growth. This merger strengthens our community banking model and equips us to provide enhanced services to our clientele while investing in our Central California communities.”
Jagroop “Jay” Gill, Vice Chairman: “Our goal is to build a scalable franchise with an enriched array of products and services, enabling us to deliver exceptional client service and create significant shareholder value.”
Conclusion
The merger between Community West Bancshares and United Security Bancshares signals a transformative advancement in the regional banking sector of Central California. With a focus on unwavering community commitment, expanded product offerings, and a robust leadership structure, the newly combined entity is well-positioned for growth, ensuring it remains a cornerstone of community support across its expanding footprint.
For more information about community banking and its benefits, you can visit American Bankers Association and explore the impact of community banks on local economies.
