United Security Bancshares Declares Stock Dividend
December 27 2011 - 11:31AM
PR Newswire (US)
FRESNO, Calif., Dec. 27, 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 4th quarter 2011 stock dividend of one percent (1%) on
December 20, 2011. The stock dividend
will be paid to shareholders of record on January, 13, 2012 and the
dividend shares will be issued on January
25, 2012.
This marks the 13th consecutive quarterly 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.
SOURCE United Security Bancshares
Copyright 2011 PR Newswire
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