United Security Bancshares - 6th Best Bank Holding Company in California
August 14 2007 - 7:45PM
PR Newswire (US)
FRESNO, Calif., Aug. 14 /PRNewswire-FirstCall/ -- American Banker
magazine's August 8, 2007 edition ranked United Security Bancshares
6th in California for its Net Income to Salary and Benefits ratio
of 1.33 for the 1st quarter of 2007. Ten California publicly traded
bank holding companies made the list of the top 150 such companies
in the nation of all sizes. United Security Bancshares was ranked
63rd nationally. The ratio measures the relationship of net income
to salary and benefits expense. In the case of United Security
Bancshares, it earned $1.33 in net income for each $1.00 it spent
on salaries and benefits during the 1st quarter of 2007. Dennis R.
Woods, President and Chief Executive Officer of United Security
Bancshares http://www.unitedsecuritybank.com/ (NASDAQ:UBFO) added,
"I'm very pleased with this acknowledgment, and very pleased to be
included once again on this prestigious list of high performing
companies. Our appearance in the report acknowledges what we
constantly strive to achieve, consistent growth of shareholder
value." United Security Bancshares is a $785 million bank holding
company for United Security Bank, the largest independent bank head
quartered in the Central San Joaquin Valley. The Bank operates
eleven branch offices, as well as four loan centers, administrative
offices and a data center. For more information about Bank visit
our web site at http://www.unitedsecuritybank.com/. 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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