United Security Bancshares Declares Stock Dividend
June 28 2012 - 4:00PM
PR Newswire (US)
FRESNO, Calif., June 28, 2012 /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 2nd quarter 2012 stock dividend of one
percent (1%) on June 26, 2012. The
stock dividend will be paid to shareholders of record on
July 13, 2012 and the dividend shares
will be issued on July 25, 2012.
This marks the 15th 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 2012 PR Newswire
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