United Security Bancshares, Inc. Declares Cash Dividend
August 26 2015 - 4:30PM
Business Wire
United Security Bancshares, Inc. (Nasdaq: USBI) announced that
the Board of Directors, at a meeting held Wednesday, August 26,
2015, declared a quarterly cash dividend of $0.02 per share. The
dividend is payable October 1, 2015, to shareholders of record at
the close of business on September 11, 2015.
“Our Board of Directors is pleased to pay a quarterly cash
dividend to our shareholders,” stated James F. House, President and
CEO of United Security Bancshares, Inc. “We will continue to
evaluate any future dividend payments so that they will be
consistent with maintaining our strong capital base,” concluded Mr.
House.
About United Security Bancshares, Inc.
United Security Bancshares, Inc. is a bank holding company that
operates nineteen banking offices in Alabama through First US Bank.
In addition, the Company’s operations include Acceptance Loan
Company, Inc., a consumer loan company, and FUSB Reinsurance, Inc.,
an underwriter of credit life and credit accident and health
insurance policies sold to the Bank’s and ALC’s consumer loan
customers. The Company’s stock is traded on the Nasdaq Capital
Market under the symbol “USBI.”
Forward-Looking Statements
This press release contains forward-looking statements, as
defined by federal securities laws. Statements contained in this
press release that are not historical facts are forward-looking
statements. These statements may address issues that involve
significant risks, uncertainties, estimates and assumptions made by
management. USBI undertakes no obligation to update these
statements following the date of this press release, except as
required by law. In addition, USBI, through its senior management,
may make from time to time forward-looking public statements
concerning the matters described herein. Such forward-looking
statements are necessarily estimates reflecting the best judgment
of USBI’s senior management based upon current information and
involve a number of risks and uncertainties. Certain factors that
could affect the accuracy of such forward-looking statements are
identified in the public filings made by USBI with the Securities
and Exchange Commission, and forward-looking statements contained
in this press release or in other public statements of USBI or its
senior management should be considered in light of those factors.
Specifically, with respect to statements relating to loan demand,
growth and earnings potential and the adequacy of the allowance for
loan losses for USBI, these factors include, but are not limited
to, the rate of growth (or lack thereof) in the economy, the
relative strength and weakness in the consumer and commercial
credit sectors and in the real estate markets and collateral
values. There can be no assurance that such factors or other
factors will not affect the accuracy of such forward-looking
statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20150826006156/en/
United Security Bancshares, Inc.Thomas S. Elley,
334-636-5424
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