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UBFO United Security Bancshares

7.25
0.03 (0.42%)
15 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
United Security Bancshares NASDAQ:UBFO NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.03 0.42% 7.25 6.28 7.47 7.3147 7.23 7.23 32,148 05:00:05

United Security Bancshares Declares Stock Dividend

24/03/2011 11:04pm

PR Newswire (US)


United Security Bancshares (NASDAQ:UBFO)
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FRESNO, Calif., March 24, 2011 /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 2011 stock dividend of one percent (1%) on March 22, 2011. The stock dividend will be paid to shareholders of record on April 8, 2011 and the dividend shares will be issued on April 20, 2011.

This marks the 10th consecutive 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. Those conditions continue but are improving in some sectors as the economic conditions improve.  

SOURCE United Security Bancshares

Copyright 2011 PR Newswire

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