United Security Bancshares

United Security Bancshares is a bank holding company headquartered in Fresno, California. It operates 11 branches.[1]

United Security Bancshares
Company typePublic
NasdaqUBFO
Russell 2000 Index component
IndustryBanking
Founded2001; 23 years ago (2001)
HeadquartersFresno, California
Key people
Dennis R. Woods (president & CEO)
Bhavneet Gill (CFO)
[1]
RevenueIncrease $0.033 billion (2016)[1]
Increase $0.007 billion (2016)[1]
Total assetsIncrease $0.787 billion (2016)[1]
Total equityIncrease $0.096 billion (2016)[1]
Number of employees
132[1]
Websiteunitedsecuritybank.com

History

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United 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

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  1. ^ a b c d e f g h i "United Security Bancshares 2016 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ "Written agreement with United Security Bancshares and United Security Bank" (Press release). Federal Reserve Board of Governors. March 25, 2010.
  3. ^ "UNITED STATES OF AMERICA BEFORE THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D.C." (PDF). March 23, 2010.
  4. ^ Kitten, Tracy (June 23, 2014). "Bank Pays Oil Co. $350,000 Settlement". www.bankinfosecurity.com. Retrieved 2023-03-10.
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  • Business data for United Security Bancshares: