On March 30, 2026, United Security Bancshares (USB) held a special meeting of shareholders where significant decisions were made regarding the company's future. A total of 12,019,562 shares were represented, constituting 68.27% of the 17,604,923 issued and outstanding shares entitled to vote, thus achieving a quorum. The shareholders approved the principal terms of the Agreement and Plan of Merger dated December 16, 2025, which outlines the merger of USB with Community West Bancshares (CWB). This merger is expected to enhance the operational capabilities and market presence of both entities, creating a stronger financial institution. Additionally, the shareholders approved the adjournment of the special meeting to allow for further solicitation of proxies in case an insufficient number of votes were cast to approve the merger proposal. The voting results showed overwhelming support for the merger, with 11,928,445 votes in favor, 65,144 against, and 25,973 abstentions. This merger is anticipated to have a noticeable positive effect on the stock price of USB, as it aligns with strategic growth objectives and enhances shareholder value.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.