United Security Bancshares Declares Stock Dividend
21 December 2012 - 6:00AM
PR Newswire (US)
United Security Bancshares Declares Stock Dividend
FRESNO, Calif., Dec. 20, 2012 /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 4th quarter 2012 stock dividend of one percent (1%) on
December 18, 2012. The stock dividend
will be paid to shareholders of record on January 11, 2013 and the dividend shares will be
issued on January 23, 2013.
This marks the 17th consecutive quarterly stock dividend since
initiated in 2008. Capital preservation remains a significant focus
of the Bank's Directors in consideration of the Basel III capital
standards likely to be adopted. Stock dividends preserve
capital compared with cash dividends which reduce capital.
SOURCE United Security Bancshares
Copyright 2012 PR Newswire
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