United Security approves stock dividend for shareholders

United Security Bancshares, the Fresno-based parent company of United Security Bank, will issue a 1% stock dividend to shareholders for the first quarter of 2015.

This is the 26th consecutive quarter in which the bank’s board has authorized a dividend of stock instead of cash for owners of the company’s stock as a way to preserve cash capital. The dividend stock will be issued April 17 to shareholders of record as of April 6.