Cash Dividend Increased at United Security Bancshares

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, [phone]



Web site:  http://www.unitedsecuritybank.com/ 

Copyright