United Security Bancshares is a bank holding company headquartered in Fresno, California. It operates 11 branches.[1]
| Company type | Public |
|---|---|
| Nasdaq: UBFO Russell 2000 Index component | |
| Industry | Banking |
| Founded | 2001 |
| Headquarters | Fresno, California |
Key people | Dennis R. Woods (president & CEO) Bhavneet Gill (CFO)[1] |
| Revenue |  $0.033 billion (2016)[1] |
| $0.007 billion (2016)[1] | |
| Total assets | $0.787 billion (2016)[1] |
| Total equity | $0.096 billion (2016)[1] |
Number of employees | 132[1] |
| Website | unitedsecuritybank |
History
editUnited Security Bank was formed on December 21, 1987.[1]
In March 2001, the bank became a subsidiary of United Security Bancshares, a bank holding company.[1]
In June 2009, the bank entered into an agreement with the Federal Reserve Bank of San Francisco as a result of its level of non-performing assets.[2][3]
In 2014, the bank settled a dispute with TRC Operating Company over fraudulent wire transfers for $350,000. The authentication credentials for TRCs account had been compromised which allowed hackers to transfer the money.[4]
References
edit- ^ a b c d e f g h i "United Security Bancshares 2016 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "Written agreement with United Security Bancshares and United Security Bank" (Press release). Federal Reserve Board of Governors. March 25, 2010.
- ^ "UNITED STATES OF AMERICA BEFORE THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D.C." (PDF). March 23, 2010.
- ^ Kitten, Tracy (June 23, 2014). "Bank Pays Oil Co. $350,000 Settlement". www.bankinfosecurity.com. Retrieved 2023-03-10.
External links
edit- Business data for United Security Bancshares: