Cash Dividend Increased by 25% at United Security Bancshares
December 20 2005 - 6:33PM
PR Newswire (US)
69th Consecutive Quarterly Cash Dividend Declared ... FRESNO,
Calif., Dec. 20 /PRNewswire-FirstCall/ -- Dennis R. Woods,
President and Chief Executive Officer of United Security Bancshares
(NASDAQ:UBFO), reported that the Board of Directors on December 20,
2005 declared a quarterly cash dividend of $0.20 per share, to
shareholders of record on January 13, 2006 payable on January 25,
2006. The dividend of $0.20 per share is up $0.04 from the January
2005 quarterly dividend of $0.16, a 25% increase. This dividend
marks the 69th consecutive quarterly cash dividend paid to
shareholders since inception. Woods stated, "The Board of
Directors, after reviewing the continued strong earnings of the
Company, voted unanimously on the dividend. We've been extremely
pleased with the results for nine months and the prospects for the
full year." United Security Bancshares is a $640+ million bank
holding company and United Security Bank, a state banking
corporation, is its primary subsidiary. United Security Bancshares
stock is available through The Siedler Admen Securities Inc.,
(contact Troy Norlander at 1-800-288-2811), Howe Barnes Investments
Inc. (contact Mike Hedrei at 1-800-800-4693), Hoefer & Arnett
(contact Dave Bonaccorso at 1-800 346 5544 ext. 723) or Hill
Thompson, Magid & Co. (contact Jason Biggerstaff
1-800-631-3083) as well as other firms, and trades under the symbol
"UBFO". This press release may include forward-looking statements
that involve inherent risks and uncertainties. A number of
important factors could cause actual results to differ materially
from those in the forward-looking statements. Those factors include
fluctuations in interest rates, inflation, government regulations,
the progress of integrating acquisitions and economic conditions
and competition in the geographic and business areas in which the
Company conducts its operations. The Company undertakes no
obligation to revise or update these forward-looking statements.
DATASOURCE: United Security Bancshares CONTACT: Dennis R. Woods,
President and Chief Executive Officer of United Security Bank,
+1-559-248-4928 Web site: http://www.unitedsecuritybank.com/
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