Cash Dividend Increased at United Security Bancshares
March 25 2008 - 7:36PM
PR Newswire (US)
78th Consecutive Quarterly Cash Dividend Declared ... FRESNO,
Calif., March 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 April 11, 2008 payable on April 23, 2008.
The dividend of $0.13 per share marks the 78th consecutive
quarterly cash dividend paid to shareholders since inception. The
dividend recognizes the continued strong performance of the Company
and to reward our loyal shareholders. The dividend reflects an
increase of 4% over the prior year and marks the 20th annual
increase since inception. United Security Bancshares is a $770 +
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 Woods,
President and Chief Executive Officer of United Security Bank,
+1-559-248-4928 Web site: http://www.unitedsecuritybank.com/
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