United Security Bank Named Among Highest Net Income per FTE Employee
March 19 2004 - 6:47PM
PR Newswire (US)
United Security Bank Named Among Highest Net Income per FTE
Employee FRESNO, Calif., March 19 /PRNewswire-FirstCall/ --
AMERICAN BANKER , a weekly publication focused on the banking
industry, ranked United Security Bancshares as No. 8 among
California Bank Holding Companies and No. 83 among U.S. Bank
Holding Companies in net income per FTE employee. The report, using
third quarter 2003 data, was titled "Publicly Traded Bank Holding
Companies with Highest Net Income Per Employee" in the March 3,
2004 issue under the Industry Snapshot section. United Security
Bancshares showed a ratio of $99,000 in Net Income Per FTE Employee
for 2003 compared with $81,000 for the same period in 2002, a 22.2%
improvement. The FDIC reported 9,354 insured institutions at
year-end 2002. The American Banker report listed United Security
Bancshares as No. 83 in the U.S., placing the bank within the top
1% in the nation. American Banker is a division of Thomson Media,
whose parent is The Thomson Corporation. The Thomson Corporation,
with 2002 revenues of $7.8 billion, is a global leader in providing
integrated information solutions to business and professional
customers. DATASOURCE: United Security Bank 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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