United Security Bancshares Declares Stock Dividend

FRESNO, Calif., Dec. 21  /PRNewswire-FirstCall/ -- 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 1st quarter 2010 stock dividend of one percent (1%) on December 15, 2009. The stock dividend will be paid to shareholders of record on January 8, 2010 and the dividend shares will be issued on January 20, 2009.

The stock dividend was employed in 2008 as a precaution against the uncertainties in the 1-4 family residential real estate market and its impact on the Company's construction and related land and lot loan portfolio. Those conditions continue to some degree but appear to be improving in some respects. However, the Board of Directors believes it is prudent to continue to capital at this time. 

DATASOURCE: United Security Bancshares



CONTACT:  Dennis R. Woods, President and Chief Executive Officer of

United Security Bank, [phone]



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

Copyright