United Security Bancshares Declares Stock Dividend
September 30 2011 - 3:00PM
PR Newswire (US)
FRESNO, Calif., Sept. 30, 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 September 27, 2011. The stock dividend will be
paid to shareholders of record on October
14, 2011 and the dividend shares will be issued on
October 26, 2011.
This marks the 12th 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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