California’s Community West to Acquire United Security in $191.9M Deal

California’s Community West to acquire United Security in $191.9M deal

The two Fresno-based banks will combine to create a “more robust and more visible” $5 billion-asset lender, Community West’s CEO said. The transaction is set to close in the second quarter of 2026.

Community West and United Security Bank Mergerr: Fresno Deal Signals a New Banking Force

Community West Bank and United Security Bank on Wednesday unveiled plans to join forces by mid–next year, announcing an all-stock transaction valued at about $192 million that would unite two Fresno-based institutions into a single, larger regional player. The Community West and United Security Bank Mergerr is being guided by legal advisers from Otteson Shapiro LLP and Stuart Moore Staub, according to the companies. A Stock-for-Stock Union Under…

Community West, United Security to merge in $191.9m deal

California-based bank holding companies Community West Bancshares and United Security Bancshares have entered into a definitive agreement to merge.  Community West Bancshares is the parent organisation of Community West Bank, and United Security Bancshares is the parent of United Security Bank.  Under the agreement, United Security Bank will merge with Community West Bank, following the merger of United Security Bancshares with Community West Ba…

Community West announces merger with United Security Bank

Two Central Valley banks announced Wednesday that they are merging . Community West Bancshares and United Security Bancshares announced that they signed a merger agreement to combine the banks in an all-stock transaction.  The big picture: United Security Bancshares shareholders will receive 0.452 shares of Community West Bancshares common stock for each share of United Security stock.  The merger is valued at approximately $191.9 million, base…

Community West, United Security Banks Merge

The trend of mergers and acquisitions in the banking sector continues as two local financial institutions combine. United Security Bank will join Community West Bank in an all-stock merger, expected to close in the second quarter of 2026, according to a news release Wednesday. The acquisition is the seventh for Community West. CEO James Kim will lead the combined team of executives and professional bankers. “This merger represents a major step f…

Community West Bancshares and United Security Bancshares to Merge

FRESNO, Calif.--(BUSINESS WIRE)--#cwbc--Community West Bancshares (NASDAQ: CWBC), Fresno, California, parent company of Community West Bank, and United Security Bancshares (NASDAQ: UBFO), parent company of United Security Bank, Fresno, California, anno... L'articolo Community West Bancshares and United Security Bancshares to Merge è un contenuto originale di 01net.