Cash Dividend Increased by 11.5% United Security Bancshares
27 December 2003 - 9:09AM
PR Newswire (US)
Cash Dividend Increased by 11.5% United Security Bancshares 61st
Consecutive Quarterly Cash Dividend Declared FRESNO, Calif., Dec.
26 /PRNewswire-FirstCall/ -- Dennis R. Woods, President and Chief
Executive Officer of United Security Bancshares , reported that the
Board of Directors on December 23, 2003, declared a quarterly cash
dividend of $0.145 per share, to shareholders of record on January
9, 2004, payable on January 21, 2004. The dividend of $0.145 per
share is up $0.015 from the January 2003 quarterly dividend of
$0.13, an 11.5% increase. This dividend marks the 61st consecutive
quarterly cash dividend paid to shareholders since inception. Woods
added, "As 2003 comes to a close and another year of record
earnings is about to be written into history, we are well along in
planning for another strong year in 2004. We recently announced our
planned acquisition of Taft National Bank early in the second
quarter. We expect the acquisition will add to earnings in 2004 as
well as add to the company's core deposit base. In March we plan to
open a branch near the convention center in downtown Fresno. Later
in the year we plan to relocate the administrative offices
downtown. It's lining up as an exciting year. Stay tuned for more."
United Security Bancshares is a $510 million bank holding company
and United Security Bank, a state banking corporation, is its
primary subsidiary. United Security Bancshares stock is available
through The Seidler Amdec Securities Inc., (contact Troy Norlander
at 1-800-288-2811), Hoefer & Arnett (contact Dave Bonaccorso at
1-800-346-5544, ext. 723) or Hill Thompson, Magid & Co.
(contact Jason Biggerstaff 1-800-631-3083) as well as other firms,
and trades under the symbol "UBFO." This press release may include
forward-looking statements that involve inherent risks and
uncertainties. A number of important factors could cause actual
results to differ materially from those in the forward-looking
statements. Those factors include fluctuations in interest rates,
inflation, government regulations, the progress of integrating
acquisitions and economic conditions and competition in the
geographic and business areas in which the Company conducts its
operations. The Company undertakes no obligation to revise or
update these forward-looking statements. DATASOURCE: United
Security Bancshares CONTACT: Dennis Woods of United Security
Bancshares, +1-559-248-4928 Web site:
http://www.unitedsecuritybank.com/
Copyright
United Security Bancshares (NASDAQ:UBFO)
Historical Stock Chart
From May 2024 to Jun 2024
United Security Bancshares (NASDAQ:UBFO)
Historical Stock Chart
From Jun 2023 to Jun 2024