Community West Bancshares adds two United Security directors to board

Community West Bancshares (NASDAQ: CWBC) and United Security Bancshares (NASDAQ: UBFO) announced that two current United Security directors will join Community West's board upon completion of their pending merger.

Jagroop "Jay" Gill and Dora Westerlund, both current directors of United Security Bancshares, will be added to Community West Bancshares' board of directors when the all-stock merger transaction is completed, according to a company statement. The additions are subject to compliance with Community West's corporate governance requirements.

Gill, who serves as Vice Chairman and is the largest shareholder of United Security Bancshares, is expected to be appointed Vice Chairman of Community West Bancshares' board of directors following the transaction.

Daniel J. Doyle, Chairman of Community West Bancshares, stated that Gill and Westerlund "will bring an abundance of leadership and experience to our boardroom."

Community West Bancshares, headquartered in Fresno, California, is the parent company of Community West Bank, which was established in 1979 and operates full-service banking centers throughout Central California. The bank provides services including commercial lending, agribusiness, SBA, residential construction and mortgage, manufactured housing, private banking and cash management.

United Security Bancshares is the holding company for United Security Bank, founded in 1987 and also headquartered in Fresno. United Security Bank operates 13 full-service branch offices across Central California, including locations in Fresno, Bakersfield, Campbell, Caruthers, Coalinga, Firebaugh, Fowler, Mendota, Oakhurst, San Joaquin, and Taft.

The companies previously announced their definitive merger agreement for the all-stock transaction.

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