Cash Dividend Increased at United Security Bancshares
June 25 2008 - 6:14PM
PR Newswire (US)
78th Consecutive Quarterly Cash Dividend Declared ... FRESNO,
Calif., June 25 /PRNewswire-FirstCall/ -- Dennis R. Woods,
President and Chief Executive Officer of United Security Bancshares
(NASDAQ:UBFO), reported that the Board of Directors, today,
declared a quarterly cash dividend of $0.13 per share, to
shareholders of record on July 11, 2008 payable on July 23, 2008.
The dividend of $0.13 per share marks the 78th consecutive
quarterly cash dividend paid to shareholders since inception. The
dividend reflects an increase of 4% over the prior year and marks
the 20th annual increase since inception. United Security
Bancshares is a $760 + million bank holding company and United
Security Bank, a state banking corporation, is its primary
subsidiary. United Security Bancshares stock is available through
Stone and Youngberg, (contact Troy Norlander at 1-800-288-2811),
Howe Barnes Hoefer & Arnett (contact Dave Bonaccorso at 1-800
346 5544 ext. 723) or Hill Thompson, Magid & Co. (contact Jason
Biggerstaff 1-800-631-3083), Crowell Weedon (contact Paul Kennedy
at 818-338-8187) 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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