United Security Bancshares Declares Stock Dividend
September 27 2012 - 2:30PM
PR Newswire (US)
FRESNO, Calif., Sept. 27, 2012 /PRNewswire/ -- Dennis R.
Woods, President and Chief Executive Officer of United Security
Bancshares, (http://www.unitedsecuritybank.com/ )(Nasdaq: UBFO),
reported that the Board of Directors of United Security Bancshares
declared a 3rd quarter 2012 stock dividend of one percent (1%) on
September 25, 2012. The stock
dividend will be paid to shareholders of record on October 12, 2012 and the dividend shares will be
issued on October 24, 2012.
This marks the 16th consecutive quarterly stock dividend since
initiated in 2008. Capital preservation remains a significant
focus of the Bank's Directors in consideration of the Basel III
capital standards likely to be adopted. Stock dividends
preserve capital compared with cash dividends which reduce
capital.
SOURCE United Security Bancshares
Copyright 2012 PR Newswire
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