United Security Bancshares Declares Stock Dividend
December 18 2014 - 4:45PM
PR Newswire (US)
FRESNO, Calif., Dec. 18, 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 4th
quarter 2014 stock dividend of one percent (1%) on December 16, 2014. The stock dividend will be
paid to shareholders of record on January 9,
2015 and the dividend shares will be issued on January 21, 2015.
This marks the 25th 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.
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SOURCE United Security Bancshares
Copyright 2014 PR Newswire
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