UNITED SECURITY BANCSHARES Business Summary

United Security Bancshares (UBFO) operates as the bank holding company for United Security Bank, a California-based financial institution specializing in relationship-driven community banking. The company generates the majority of its revenue through net interest income derived from a diverse loan portfolio, which is heavily weighted toward commercial real estate (CRE), commercial and industrial (C&I) lending, and construction financing. Its primary business segments include Commercial Banking, Real Estate Construction, and Consumer Lending, supplemented by fee-based services such as wealth management, treasury services, and digital banking solutions. As of early 2026, the company is in a transitional phase following a definitive merger agreement with Community West Bancshares (CWBC), a move designed to consolidate its footprint across Central California. UBFO competes directly with regional and niche lenders such as Velocity Financial (VEL), OppFi (OPFI), Sierra Bancorp (BSRR), and HomeTrust Bancshares (HTB), positioning itself as a high-touch, localized alternative to larger national banks. The leadership team is led by Dennis R. Woods, who serves as Chairman, President, and CEO; Woods is the founding chairman of the bank and has held the CEO role since 1993, bringing a background in real estate investment and large-scale agricultural operations. Supporting him are David A. Kinross, Senior Vice President and CFO, and Porsche A. Saunders, who serves as Chief Lending Officer. In May 2025, the bank further strengthened its executive tier by appointing Kevin Williams as Chief Banking Officer to oversee operations and IT. The board is notably influenced by Vice Chairman Jagroop “Jay” Gill, a prominent entrepreneur in the automotive and agricultural sectors, and Benjamin Mackovak, the Managing Member of Strategic Value Bank Partners. Institutional backing remains significant, with major positions held by Dimensional Fund Advisors and Fourthstone LLC, reflecting the company's standing among specialized community bank investors.