Community West Bancshares Obtains Regulatory Approvals To Merge With United Security Bancshares

Community West Bancshares (NASDAQ: CWBC) has received regulatory approvals from 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, to proceed with its merger with United Security Bancshares (NASDAQ: UBFO). Under the terms of the merger, United Security Bancshares will merge into Community West Bancshares, and United Security Bank will merge into Community West Bank.