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Stock impact report

Community West Bancshares and United Security Bancshares Announces Pending Additions to Board of Directors [Yahoo! Finance]

United Security Bancshares (UBFO) 
US:NASDAQ Investor Relations: unitedsecuritybank.com/investor-relations
Company Research Source: Yahoo! Finance
Bank and United Security Bancshares (NASDAQ: UBFO), parent company of United Security Bank, Fresno, California, announced today that pursuant to their previously announced definitive merger agreement under which the companies will combine in an all-stock merger transaction, two current directors from United Security Bancshares, Jagroop "Jay" Gill and Dora Westerlund, will be added to Community West Bancshares' board of directors upon consummation of the merger, subject in each case to compliance with Community West Bancshares' corporate governance requirements. In connection with the transaction, Mr. Gill, the largest shareholder and Vice Chairman of United Security Bancshares, is expected to be appointed Vice Chairman of Community West Bancshares' board of directors. "We look forward to welcoming Jay and Dora to the board," said Daniel J. Doyle, Chairman of the board of directors of Community West Bancshares and Community West Bank. "Jay and Dora will bring an abundance of leadersh Show less Read more
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