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United Security Bancshares Announces Stock Repurchase Plan.

PR Newswire

| May 16, 2007 | COPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

FRESNO, Calif., May 16 /PRNewswire-FirstCall/ -- Dennis R. Woods, President and Chief Executive Officer of United Security Bancshares http://www.unitedsecuritybank.com/ announced today that the Board of Directors approved a plan to repurchase, as conditions warrant, up to 610,000 shares of the Company's common stock on the open market or in privately negotiated transactions. The repurchase plan represents approximately 5.00 of the Company's currently outstanding common stock. The duration of the program is open-ended and the timing of purchases will depend on market conditions. The Board approved similar repurchase plans in 2001 and 2004. Concurrent with the approval of ...

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Source: HighBeam Research, United Security Bancshares Announces Stock Repurchase Plan.