United Security Bancshares Announces 2/1 Stock Split
March 28 2006 - 5:26PM
PR Newswire (US)
FRESNO, Calif., March 28 /PRNewswire-FirstCall/ -- Dennis R. Woods,
President and Chief Executive Officer of United Security Bancshares
(NASDAQ:UBFO), Fresno, CA, announced that the Board of Directors
approved a 2-for-1 stock split of the Company's common stock
effected in the form of a stock dividend. The stock will be payable
May 1st, 2006 to shareholders of record as of April 7, 2006.
Stockholders will receive one additional share for each share held
on that date. Wood stated, "The stock split is a result of the
Company's solid growth and strong price performance. Over the past
three years, the stock price has doubled. The 2-for-1 split may
increase the trading volume in the stock and make it more available
to investors." United Security Bancshares is a $630 + 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 Woods,
President and Chief Executive Officer of United Security Bank,
+1-559-248-4928 Web site: http://www.unitedsecuritybank.com/
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