Cash Dividend Increased by 22.2% at United Security Bancshares
June 29 2006 - 8:46PM
PR Newswire (US)
71st Consecutive Quarterly Cash Dividend Declared ... FRESNO,
Calif., June 29 /PRNewswire-FirstCall/ -- Dennis R. Woods,
President and Chief Executive Officer of United Security Bancshares
(NASDAQ:UBFO), reported that the Board of Directors on June 29,
2006 declared a quarterly cash dividend of $0.11 per share, to
shareholders of record on July 7, 2006 payable on July 19, 2006.
The dividend of $0.11 per share is up $0.02 from the July 2005
quarterly dividend of $0.09, a 22.2% increase. This dividend marks
the 71st consecutive quarterly cash dividend paid to shareholders
since inception. Woods stated, "Its been another exciting year so
far. Earnings continue to outpace last year and we've added a few
new members to our staff that we believe will enhance the Company
going forward." United Security Bancshares is a $650+ 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 of
United Security Bancshares, +1-559-248-4928 Web site:
http://www.unitedsecuritybank.com/
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