United Security Bancshares Declares Stock Dividend
March 24 2011 - 7:04PM
PR Newswire (US)
FRESNO, Calif., March 24, 2011 /PRNewswire/ -- Dennis R. Woods, President and Chief Executive
Officer of United Security Bancshares
http://www.unitedsecuritybank.com/ (Nasdaq: UBFO), reported that
the Board of Directors of United Security Bancshares declared a 2nd
quarter 2011 stock dividend of one percent (1%) on March 22, 2011. The stock dividend will be paid
to shareholders of record on April 8,
2011 and the dividend shares will be issued on April 20, 2011.
This marks the 10th consecutive stock dividend since initiated
in 2008. The stock dividend is employed to preserve and build
capital because of marketplace uncertainty in the 1-4 family
residential real estate market and its impact on the Company's
construction and related land and lot loan portfolio. Those
conditions continue but are improving in some sectors as the
economic conditions improve.
SOURCE United Security Bancshares
Copyright 2011 PR Newswire
United Security Bancshares (NASDAQ:UBFO)
Historical Stock Chart
From Jun 2024 to Jul 2024
United Security Bancshares (NASDAQ:UBFO)
Historical Stock Chart
From Jul 2023 to Jul 2024