M&A · Financials · National Commercial Banks
Community West Bancshares to acquire United Security Bancshares
Announced Dec 17, 2025 · Closed Apr 1, 2026
Deal value$192M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock$10.88 per share
Transaction
- Acquirer
- Community West Bancshares (CWBC)
- Target
- United Security Bancshares (UBFO)
- Buyer type
- Strategic
- Offer price per share
- $10.88
- Enterprise value
- —
- Status
- Closed Apr 1, 2026
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Janney Montgomery Scott
- To the target
- Piper Sandler
Sector context · Financials
- Comparable deals
- 66 in the prior 24 months
- Premium
- Sector median 41.5%
- EV / Adj. EBITDA
- Sector median 13.7x
- Break fee
- Sector median 3.7%
Timeline
- AnnouncedDec 17, 2025
- Proxy filedFeb 25, 2026
- Definitive proxyFeb 25, 2026
- Shareholder voteMar 30, 2026
- ClosedApr 1, 2026
Valuation · fairness opinions
Discounted cash flowJanney Montgomery Scott$9.57$11.43
Discounted cash flowJanney Montgomery Scott$10.69$12.80
Precedent transactions$6.06$10.76
Precedent transactions$6.23$12.32
Precedent transactions$16.11$28.14
Precedent transactions$15.91$31.02
Offer $10.88
Implied value per United Security Bancshares share by analysis, from Janney Montgomery Scott.