- Amended Statement of Ownership (SC 13G/A)
09 February 2011 - 4:45AM
Edgar (US Regulatory)
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CUSIP No. 911460103
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13G/A
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Page 1 of 5 Pages
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UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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Under the Securities Exchange Act of 1934
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(Amendment No. 3)*
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United Security Bancshares
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(
Name of Issuer)
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Common Stock, no par value
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(Title of Class of Securities)
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911460103
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(CUSIP Number)
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December 31, 2010
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(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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x
Rule 13d-1(b)
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¨
Rule 13d-1(c)
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¨
Rule 13d-1(d)
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*The remainder of this cover page shall be filled out for a reporting persons initial filing on this form
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with respect to the subject class of securities, and for any subsequent amendment containing
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information which would alter the disclosures provided in a prior cover page.
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The information required in the remainder of this cover page shall not be deemed to be filed for the
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purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the
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liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see
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the Notes).
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CUSIP No. 911460103
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13G/A
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Page 2 of 5 Pages
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1.
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Name of Reporting Persons.
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I.R.S. Identification No. of above persons (entities only).
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Delaware Charter Guarantee & Trust Company dba Principal Trust Company as
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Trustee for the United Security Bank Employee Stock Ownership Plan and the United
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Security Bank Cash or Deferred Stock Ownership Plan, IRS No. 51-0099493.
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2.
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Check the Appropriate Box if a Member of a Group:
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(a)
¨
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(b)
¨
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4.
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Citizenship or Place of Organization:
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Delaware
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Number of Shares Beneficially Owned by Each Reporting Person With:
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5.
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Sole Voting Power:
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0
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Number of
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6.
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Shared Voting Power:
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Shares
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822,967
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Beneficially
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Owned By
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7.
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Sole Dispositive Power:
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Each
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0
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Reporting
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Person With:
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8.
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Shared Dispositive Power:
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822,967
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9. Aggregate Amount Beneficially owned by Each Reporting Person
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822,967
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10. Check if Aggregate Amount in Row (9) Excludes Certain Shares:
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¨
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11. Percent of Class Represented by Amount in Row (9):
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6.39%
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12. Type of Reporting Person:
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EP
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CUSIP No. 911460103
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13G/A
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Page 3 of 5 Pages
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Item 1.
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(a)
Name of Issuer:
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United Security Bank
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(b) Address of Issuers Principal Executive Offices:
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2126 Inyo Street
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Fresno, CA 93721-2611
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Item 2.
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(a) (c) Name, Principal Business Address and Citizenship of Person Filing:
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Delaware Charter Guarantee & Trust Company dba Principal Trust Company as Trustee
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for the United Security Bank Employee Stock Ownership Plan and the United Security Bank
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Cash or Deferred Stock Ownership Plan
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1013 Centre Road
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Wilmington, Delaware 19805
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Citizenship:
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Delaware
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(d) Title of Class of Securities:
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Common Stock, no par value
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(e) CUSIP Number:
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911460103
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Item 3. If this statement is filed pursuant to Rule 13D-1(b) or 13D-2(b) or (c), check whether the
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person filing is a:
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(f)
x
An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
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Item 4. Ownership - Provide the following information regarding the aggregate number and
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percentage of the class of securities of the issuer identified in Item 1.
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(a)
The United Security Bank Employee Stock Ownership Plan (ESOP Plan) and the United
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Security Bank Cash or Deferred Stock Ownership Plan (DSO Plan) (collectively, the
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Plans) are each subject to the Employee Retirement Income Security Act of 1974
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(ERISA). Delaware Charter Guarantee & Trust Company dba Principal Trust Company
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acts as the Trustee for the ESOP Plan Trust and the DSO Plan Trust (collectively, the
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Trusts). As of December 31, 2010, the ESOP Plan Trust held 520,269 shares of the Issuers
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common stock and the DSO Plan Trust held 302,698 shares of the Issuers common stock for
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an aggregate of 822,967 shares of the Issuers common stock. The securities reported include
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all shares held of record by the Trustee as trustee of the Trusts. The Trustee follows the
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directions of the Employer, United Security Bank (the Employer), or other parties
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designated in the trust agreement between the Employer and the Trustee, with respect to
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voting and disposition of shares. The Trustee, however, is subject to fiduciary duties under
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ERISA. The Trustee disclaims beneficial ownership of the shares of common stock that are
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the subject of this Schedule 13G.
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CUSIP No. 911460103
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13G/A
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Page 4 of 5 Pages
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(b)
The 822,967 shares of common stock represent 6.39% of the Issuers outstanding shares of
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common stock. The percent of class is based on shares outstanding as of December 31, 2010,
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as provided by the Issuer.
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(c) Number of shares as to which such person has:
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(i)
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Sole power to vote or direct the vote:
0
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(ii)
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Shared power to vote or direct the vote:
822,967
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(iii)
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Sole power to dispose or direct the disposition of:
0
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(iv)
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Shared power to dispose or direct the disposition of:
822,967
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Item 5. Ownership of Five Percent or Less of Class
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Not Applicable
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Item 6. Ownership of More Than Five Percent on Behalf of Another Person
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Not Applicable
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Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being
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Reported on by the Parent Holding Company
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Not Applicable
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Item 8. Identification and Classification of Members of the Group
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Not Applicable
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Item 9. Notice of Dissolution of Group
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Not Applicable
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Item 10. Certification
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above
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were acquired and are held in the ordinary course of business and were not acquired and are not held
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for the purpose of or with the effect of having or influencing the control of the issuer of the securities
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and are not acquired and are not held in connection with or as a participant in any transaction having
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that purpose or effect.
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CUSIP No. 911460103
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13G/A
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Page 5 of 5 Pages
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After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set
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forth in this statement is true, complete and correct.
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Delaware Charter Guarantee & Trust Company
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/s/ Kristin M. Camp____________
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Kristin M. Camp
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Vice President, Operations
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February 8, 2011
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