United Security Bank parent will offer dividend in stock

The Fresno BeeJune 25, 2014 

United Security Bancshares will provide its shareholders with a 1% stock dividend for the second quarter of 2014.

The board of the Fresno-based parent company of United Security Bank approved the dividend Tuesday. It will be distributed on July 23 to stock owners who hold shares as of July 11.

As the bank company continues to preserve cash, this is the 23rd consecutive quarter since 2008 in which United Security has offered dividends in stock rather than cash.

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