Investment Business Weekly
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United Security Bancshares, Inc.
United Security Bancshares, Inc. Announces Extension to Share Repurchase Program
January 10th, 2010
United Security Bancshares, Inc. (NASDAQ:USBI) ("USBI"), a Delaware corporation based in Thomasville, Alabama, announced that its Board of Directors has extended the existing share repurchase program in which USBI may repurchase up to 642,785 shares of its common stock. The repurchase program has been extended to expire on December 31, 2010. To date, USBI has repurchased approximately 400,482 shares of common stock under the share repurchase program. Share repurchases under the repurchase program may be made through open market and privately negotiated transactions at times and in such amounts as management deems appropriate. The repurchase program does not obligate USBI to acquire any...
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Source: Investment Business Weekly (2010-01-10)