United Security Bancshares Appoints New Member to Board of Directors
27 Juillet 2023 - 10:00PM
Business Wire
The Board of Directors of United Security Bancshares (the
“Company”) (NASDAQ: UBFO), the parent company of United Security
Bank (the “Bank”), announced today the appointment of Thomas G.
Walker to the Company’s and Bank’s Boards of Directors effective
immediately.
Dennis R. Woods, President, and Chief Executive Officer of the
Company stated, “We are excited to welcome Tom Walker to our board
of directors. The business experience and deep relationships he has
developed over his career in commercial mortgage banking is a
valuable addition to our board. Tom is a seasoned professional who
understands our business and our local markets. The expertise and
strategic thinking he brings to the board will be an added benefit
to our diverse board makeup.”
Thomas Walker is a Principal/Owner of Capital Group Inc. dba
Capitalize which is a California-based commercial lending mortgage
banking firm where he has been since July 2021. Prior to
Capitalize, Mr. Walker was an executive at Housing Capital Company,
a division of US Bancorp, for 23 years. Tom graduated from UC
Irvine with a B.A. in Economics and a Minor in Management. He is a
licensed California real estate broker and has previously served as
a member of the board of directors for the Building Industry
Association.
About United Security Bancshares
United Security Bancshares (NASDAQ: UBFO) is the holding company
for United Security Bank, which was founded in 1987. United
Security Bank is headquartered in Fresno and operates 12
full-service branch offices in Fresno, Bakersfield, Campbell,
Caruthers, Coalinga, Firebaugh, Mendota, Oakhurst, San Joaquin, and
Taft. Additionally, United Security Bank operates Commercial Real
Estate Construction, Commercial Lending, and Consumer Lending
departments. For more information, please visit
www.unitedsecuritybank.com.
FORWARD-LOOKING STATEMENTS
Certain statements made in this press release may constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are statements that include projections, predictions,
expectations, or beliefs about events or results or otherwise are
not statements of historical facts, such as statements about the
Company’s board or its structure. Although the Company believes
that its expectations with respect to such forward-looking
statements are based upon reasonable assumptions within the bounds
of its existing knowledge of its business and operations, there can
be no assurance that actual results, performance, or achievements
of the Company will not differ materially from those expressed or
implied by such forward-looking statements. For a more complete
discussion of these risks and uncertainties, see the Company’s
Annual Report on Form 10-K for the year ended December 31, 2022,
particularly the section entitled “Management’s Discussion and
Analysis of Financial Condition and Results of Operations.” Readers
should carefully review all disclosures the Company files from time
to time with the Securities and Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20230727460785/en/
Dave Kinross SVP CFO United Security Bancshares 559-490-6261
United Security Bancshares (NASDAQ:UBFO)
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