October 05, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — United Security Bancshares (NASDAQ: UBFO) said that the board of directors has declared a fourth quarter 2010 stock dividend of one percent (1%) on September 28, 2010.

The stock dividend will be paid to shareholders of record on October 8, 2010 and the dividend shares will be issued on October 20, 2010.

This marks the firm’s 9th consecutive quarterly stock dividend since initiated in 2008.

According to United Security, the stock dividend is employed to preserve and build capital because of marketplace uncertainty in the one-four family residential real estate market and its impact on the company's construction and related land and lot loan portfolio.

California-based United Security Bancshares is the parent of United Security Bank, a state-chartered community bank that operates eleven branches, four loan centers, and one financial services office in Fresno, Madera, Kern, and Santa Clara Counties in California.

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