UNITED SECURITY BANCSHARES 8-K

What Happened

• United Security Bancshares (USB) filed an 8-K on March 31, 2026 reporting that shareholders approved the principal terms of the Agreement and Plan of Merger dated December 16, 2025 between Community West Bancshares (CWB) and United Security Bancshares, under which United Security Bancshares will merge with and into Community West Bancshares. A total of 12,019,562 shares were represented and voted at the special meeting, constituting 68.27% of the 17,604,923 outstanding shares entitled to vote (a quorum).

Key Details

• Merger Agreement approved by shareholders: For 11,928,445; Against 65,144; Abstain 25,973.
• Vote to allow adjournment (if needed) also approved: For 11,880,814; Against 98,285; Abstain 40,463.
• Merger agreement date: December 16, 2025. Meeting-related 8-K filed March 31, 2026.
• 12,019,562 shares represented at the meeting = 68.27% of voting shares.

Why It Matters

• Shareholder approval is a required and material step toward completing the merger described in the December 16, 2025 agreement. For investors, this confirms shareholder support and moves the deal forward; subsequent steps (such as any remaining closing conditions or regulatory filings) will determine the ultimate timing and effects. Watch for further SEC filings and company announcements for completion details, timing, and any changes to financials or governance.