United Security Bancshares Declares Stock Dividend
September 25 2014 - 1:55PM
PR Newswire (US)
FRESNO, Calif., Sept. 25, 2014 /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 3rd
quarter 2014 stock dividend of one percent (1%) on September 23, 2014. The stock dividend will be
paid to shareholders of record on October
10, 2014, and the dividend shares will be issued on
October 22, 2014.
This marks the 24th consecutive quarterly stock dividend since
initiated in 2008. Capital preservation remains a significant
focus of the Bank's Directors in consideration of the Basel III
capital standards adopted. Stock dividends preserve capital
compared with cash dividends which reduce capital.
SOURCE United Security Bancshares
Copyright 2014 PR Newswire
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