On March 16, 2026, United Security Bancshares (NASDAQ: UBFO) announced that it has received the necessary regulatory approvals for its merger with Community West Bancshares (NASDAQ: CWBC). The approvals were granted by the Federal Deposit Insurance Corporation and the California Department of Financial Protection and Innovation, along with a waiver from the Federal Reserve Bank of San Francisco. This merger will see United Security Bancshares merge into Community West Bancshares, with United Security Bank merging into Community West Bank. The completion of the merger is anticipated in the second quarter of 2026, pending shareholder approval at special meetings scheduled for March 30, 2026. The merger is expected to create a combined entity with approximately $5 billion in total assets, enhancing the capacity to serve Central California communities. The leadership of both companies expressed optimism about the merger, highlighting the potential for increased operational efficiencies and enhanced service offerings to clients. The press release detailing these developments is available as Exhibit 99.1 in the SEC filing.

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