Union State Bank's Parent Company, U.S.B. Holding Co., Inc., Increases Quarterly Cash Dividend by 7.1 Percent to Fifteen Cents P

ORANGEBURG, N.Y., Nov. 22  /PRNewswire-FirstCall/ -- Thomas E. Hales, Chairman of the Board and Chief Executive Officer of U.S.B. Holding Co., Inc. and subsidiaries (the "Company") (NYSE:UBH), parent company of Union State Bank, is pleased to announce that on November 21, 2006, the Board of Directors of the Company declared a quarterly common stock cash dividend of fifteen ($0.15) cents per share, an increase of 7.1 percent over the cash dividend of fourteen ($0.14) cents per share declared during the third quarter of 2006. The dividend will be paid on January 15, 2007 to stockholders of record on December 29, 2006.

Mr. Hales commented that, "The increase in the common stock cash dividend is evidence of the Company's continued commitment to maximizing its return to investors and strong capital position."

The Company operates through its banking subsidiary, Union State Bank, a commercial bank with 29 branches, of which 26 are in Rockland and Westchester Counties, New York, and one branch each in Stamford, Connecticut, Manhattan, New York City, and Orange County, New York.  The Bank also operates four loan production offices in Rockland, Westchester, and Orange Counties, New York, and Stamford, Connecticut.  Further information on the Company can be found on the Bank's website at http://www.unionstate.com/. 

DATASOURCE: U.S.B. Holding Co., Inc.



CONTACT:  Thomas M. Buonaiuto, Executive Vice President & Chief Financial

Officer of U.S.B. Holding Co., Inc., [phone]



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

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