United Security Bancshares Declares Quarterly Cash Dividend

Rhea-AI Summary

On March 28, 2023, United Security Bancshares (NASDAQ: UBFO) declared a quarterly cash dividend of $0.11 per share, payable on April 21, 2023, to shareholders of record as of April 7, 2023. The company, headquartered in Fresno, California, operates 12 full-service branches and offers services including commercial real estate construction, commercial and consumer lending. This dividend declaration showcases the company's commitment to rewarding shareholders amidst its ongoing operations.

Positive

• Quarterly cash dividend of $0.11 per share enhances shareholder returns.
• Demonstrates company confidence and financial health.

Negative

• None.

FRESNO, Calif.--(BUSINESS WIRE)-- On March 28, 2023, 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 $0.11 per share on the Company’s common stock. The dividend is payable on April 21, 2023, to shareholders of record as of April 7, 2023.

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 12 full-service branch offices in Fresno, Bakersfield, Campbell, Caruthers, Coalinga, Firebaugh, Mendota, Oakhurst, San Joaquin, and Taft. Additionally, United Security Bank operates Commercial Real Estate Construction, Commercial Lending, and Consumer Lending 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, 2022, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230329005846/en/

Dave Kinross

SVP CFO

United Security Bancshares

559-490-6261

Source: United Security Bancshares

FAQ

What is the dividend amount declared by United Security Bancshares?

United Security Bancshares declared a dividend of $0.11 per share.

When is the dividend payable for United Security Bancshares?

The dividend is payable on April 21, 2023.

What is the record date for the dividend payment from United Security Bancshares?

The record date for the dividend payment is April 7, 2023.

How often does United Security Bancshares declare dividends?

United Security Bancshares declares dividends quarterly.

What is the stock symbol for United Security Bancshares?

The stock symbol for United Security Bancshares is UBFO.