June 24, 2018 5:03 AM ET

Banks

Company Overview of United Security Bank

Company Overview

United Security Bank, a state-chartered community bank, provides personal and commercial banking services. The company offers business banking services, such as wire transfer, telephone transfer, night depository, merchant depository, federal tax deposit, payroll, check imaging, remote capture, and courier services; and checking, savings and CDs, on-line banking, cash management, business loans, and eStatement information services. It also provides personal banking services, which include checking accounts, savings accounts, interest bearing accounts, on-line banking, personal loans, CD and IRA accounts, ATM/VISA check cards, and rate overviews. In addition, the company offers financial serv...

2126 Inyo Street

Fresno, CA 93721

United States

Founded in 1987

Phone:

559-248-4930

Fax:

559-248-5088

Key Executives for United Security Bank

Chairman, President & CEO
Age: 69
Senior VP & CFO
Age: 31
Senior VP & COO
Age: 76
Chief Business Officer and Senior Vice President
Age: 63
Senior VP & Chief Credit Officer
Age: 59
Compensation as of Fiscal Year 2017.

United Security Bank Key Developments

United Security Bancshares and United Security Bank Announce the Retirement of Robert Bitter as Director, Effective April 30, 2018

On April 17, 2018, Director Robert Bitter notified the board of directors of United Security Bancshares (Company) and its wholly-owned subsidiary, United Security Bank (the Bank), of his decision to retire from the boards of directors of the company and the bank effective April 30, 2018.

United Security Bancshares and United Security Bank Announces Board Changes

The board of directors of United Security Bancshares and United Security Bank, voted to increase the size of their respective Boards from ten directors to eleven directors and appointed Nabeel Mahmood and Brian Tkacz as members of their respective Boards, effective immediately. Mr. Mahmood was also appointed to the Audit Committee of the company's board of directors and Mr. Tkacz was appointed to the Risk Management Committee of the Bank's Board of Directors. Mr. Mahmood brings over 18 years of executive level information technology experience to the Board. He currently serves as the Chief Information Technology Officer of Maxco and was the previous Chief Information Technology Officer of KamWay. Mr. Tkacz currently serves as the Director of Information Technology at Markel Corporation. Previous to this, Mr. Tkacz was a Director of Consumer Lending at Capital One. Both Mr. Mahmood and Mr. Tkacz will participate in the company's standard independent director compensation program which provides for cash compensation for committee attendance, premiums for serving as chairs of certain committees, and equity grants in the form of stock options. In addition, both Mr. Mahmood and Mr. Tkacz will be eligible to participate in the company's 2015 Equity Incentive Award Plan and receive nonqualified stock options, restricted stock awards, and restricted stock units, if and when duly approve by the company's Board.

John Terzian to Retire as Director from United Security Bancshares and United Security Bank, Effective from August 1, 2017

On July 26, 2017, Director, John Terzian notified the Board of Directors of United Security Bancshares and its wholly-owned subsidiary, United Security Bank (Bank), of his decision to retire from the Boards of Directors of the company and the Bank effective August 1, 2017. Mr. Terzian, a founding member of the Bank's Board of Directors, has served as a member of the Board of Directors of the Bank for 30 years. Mr. Terzian will serve as a Director Emeritus, effective August 1, 2017.

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Recent Private Companies Transactions

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