UBFO United Security Bancshares

Cash Dividend Increased by 10.3% at United Security Bancshares 65th Consecutive Quarterly Cash Dividend Declared FRESNO, Calif., Dec. 30 /PRNewswire-FirstCall/ -- Dennis R. Woods, President and Chief Executive Officer of United Security Bancshares (NASDAQ:UBFO), reported that the Board of Directors on December 28, 2004 declared a quarterly cash dividend of $0.16 per share, to shareholders of record on January 7, 2005, payable on January 19, 2005. The dividend of $0.16 per share is up $0.015 from the January 2004 quarterly dividend of $0.145, a 10.3% increase. This dividend marks the 65th consecutive quarterly cash dividend paid to shareholders since inception. Woods added, "The prime lending rate increases worked to offset much of the added costs of compliance with Sarbanes-Oxley this year. We believe the Company will continue to show significant earnings growth in 2005." United Security Bancshares is a $600 million bank holding company and United Security Bank, a state banking corporation, is its primary subsidiary. United Security Banc shares stock is available through The Siedler Admen Securities Inc., (contact Troy Norlander at 1-800-288-2811), Hoefer & Arnett (contact Dave Bonaccorso at 1-800 346 5544 ext. 723) or Hill Thompson, Magid & Co. (contact Jason Biggerstaff 1-800-631-3083) 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 Woods of United Security Bancshares, +1-559-248-4928 Web site: http://www.unitedsecuritybank.com/

Copyright