United Security Bancshares Declares Stock Dividend

FRESNO, Calif., Dec. 18, 2014 /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 2014 stock dividend of one percent (1%) on December 16, 2014. The stock dividend will be paid to shareholders of record on January 9, 2015 and the dividend shares will be issued on January 21, 2015.

This marks the 25th 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 adopted.  Stock dividends preserve capital compared with cash dividends which reduce capital.

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SOURCE United Security Bancshares

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