NASDAQ, UBFO - United Security Bcsh
United Security Bancshares (the ?Company?) is a California corporation
incorporated during March of 2001and is registered with the Board of Governors
of the Federal Reserve System as a bank holding company under the Bank Holding
Company Act of 1956, as amended. The Company?s stock is listed on NASDAQ under
the symbol ?UBFO?. United Security Bank (the ?Bank?) is a wholly-owned bank
subsidiary of the Company and was formed in 1987. United Security Bancshares
Capital Trust I (the ?Trust?) was formed during June of 2001 as a Delaware
business trust for the sole purpose of issuing Trust Preferred securities. The
Trust was originally formed as a subsidiary of the Company, but was
deconsolidated during 2004 pursuant to the adoption of FIN 46 (as revised),
?Consolidation of Variable Interest Entities?. During July 2007, the Trust
Preferred Securities issued under USB Capital Trust I were redeemed, and upon
retirement, the USB Capital Trust I was dissolved. ...
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