FRESNO, Calif., Sept. 27, 2017 /PRNewswire/ -- On
September 26, 2017, the Board of Directors of United Security
Bancshares (the "Company")(NASDAQ: UBFO), the parent company of
United Security Bank (the "Bank"), declared a regular quarterly
cash dividend of $0.07 per share on
the Company's common stock, an increase from $0.05 per share. The dividend is payable on
October 19, 2017, to shareholders of
record as of October 10, 2017.
About United Security Bancshares
United Security Bancshares (NASDAQ: UBFO) is the holding company
for United Security Bank, which was founded in 1987. United
Security Bank is headquartered in Fresno and operates 11 full-service branch
offices in Fresno, Bakersfield, Campbell, Caruthers, Coalinga, Firebaugh, Oakhurst, San
Joaquin, and Taft. Additionally, United Security Bank
operates Commercial Real Estate Construction, Commercial Lending,
Consumer Lending, and Financial Services departments. For
more information, please visit www.unitedsecuritybank.com.
FORWARD-LOOKING STATEMENTS
Certain statements made in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are statements that include projections, predictions,
expectations, or beliefs about events or results or otherwise are
not statements of historical facts, such as statements about the
Company's board or its structure. Although the Company believes
that its expectations with respect to such forward-looking
statements are based upon reasonable assumptions within the bounds
of its existing knowledge of its business and operations, there can
be no assurance that actual results, performance or achievements of
the Company will not differ materially from those expressed or
implied by such forward-looking statements. For a more complete
discussion of these risks and uncertainties, see the Company's
Annual Report on Form 10-K for the year ended December 31, 2016, and particularly the section
entitled "Management's Discussion and Analysis of Financial
Condition and Results of Operations." Readers should
carefully review all disclosures the Company files from time to
time with the Securities and Exchange Commission.
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SOURCE United Security Bancshares