March 30, 2010 (FinancialWire) — United Security Bancshares’ (NASDAQ: UBFO) board of directors of United Security Bancshares has declared a 2nd quarter 2010 stock dividend of one percent on March 23, 2010. The stock dividend will be paid to shareholders of record on April 9, 2010 and the dividend shares will be issued on April 21, 2010.

The move marks the company’s 7th consecutive stock dividend since it was initiated in 2008.

California-based United Security Bancshares was formed in 2001 as a bank holding company to provide commercial banking services through its wholly owned subsidiary, United Security Bank.

United Security Bank operates eleven branches in Fresno, Madera, Kern, and Santa Clara Counties, and employs over 160 people

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