Announced
Synopsis
Community West Bank, a community bank, agreed to merge with United Security Bank, a state-chartered community bank. Financial terms are not disclosed. “This merger represents a major step forward in our long-term growth strategy and our commitment to the communities we serve throughout Central California. Both institutions share a strong, long-term foundation of relationship banking, local decision-making and responsible growth. By bringing our organizations together, we are creating a more robust and more visible banking franchise, with greater depth of expertise, expanded resources and enhanced capacity to support businesses, families and communities. At the same time, we expect the combination to further deliver lasting value to our shareholders,” James J. Kim, Community West Bank CEO.
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