UBFO News & Events

DA Davidson raised the firm's price target on Community West Bancshares (CWBC) to $26 from $25 and keeps a Buy rating on the shares. The company announced an agreement to acquire United Security Bank (UBFO), in a $192M all stock acquisition, and the deal represents more of a financial than strategic transaction, the analyst tells investors in a research note. Given similarities between the two companies and overlapping footprint, the integration is expected to be fairly straightforward, the firm added.

Community West Bancshares (CWBC) and United Security Bancshares (UBFO) announced they have signed a definitive merger agreement to combine in an all-stock transaction. Under the terms, United Security Bancshares shareholders will receive 0.4520 shares of Community West Bancshares common stock for each share of United Security Bancshares common stock. Based on Community West's December 16 closing price, the transaction is valued at approximately $191.9M. The deal is expected to close in Q2 2026, subject to regulatory and shareholder approvals.

United Security Bancshares trading halted, news pending