UNITED SECURITY BANCSHARES (NASDAQ:UBFO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 (d) Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
UNITED SECURITY BANCSHARES (NASDAQ:UBFO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 31, 2017, the Board of Directors of United Security Bancshares (the “Company”) and United Security Bank (the “Bank”) appointed Benjamin Mackovak as director of the Company and Bank effective immediately.
There are no arrangements or understandings between Mr. Mackovak and any other persons to which he was selected as a director.
Mr. Mackovak is the Co-Founder and Managing Member of Strategic Value Bank Partners.
Mr. Mackovak was appointed to the Company’s Compensation Committee and Corporate Governance and Nominating Committee, and the Bank’s ALCO.
Item 8.01 Other Events
The Company’s press release announcing the appointment is included as an exhibit.
Item 9.01 (d) Exhibits
Exhibit 99.1 Press Release- Appointment of Benjamin Mackovak to Board of Directors
About UNITED SECURITY BANCSHARES (NASDAQ:UBFO)
United Security Bancshares is the bank holding company for United Security Bank (the Bank). The Bank is a California state-chartered bank. The Bank operates in the segment of providing banking services to commercial establishments and individuals primarily in the San Joaquin Valley of California. The Bank offers a range of services for commercial customers and account holders, including online banking, mobile banking, safe deposit boxes, automated teller machine (ATM) services, payroll direct deposit, cashier’s checks, traveler’s checks, money orders and foreign drafts. The Bank offers a range of financial services, including wealth management, employee benefit, insurance and loan products, as well as consulting services. It offers a range of deposit instruments, including personal and business checking accounts and savings accounts, interest-bearing negotiable order of withdrawal (NOW) accounts, money market accounts and time certificates of deposit. UNITED SECURITY BANCSHARES (NASDAQ:UBFO) Recent Trading Information
UNITED SECURITY BANCSHARES (NASDAQ:UBFO) closed its last trading session up +0.05 at 8.20 with 13,241 shares trading hands.
United Security Bancshares is the bank holding company for United Security Bank (the Bank). The Bank is a California state-chartered bank. The Bank operates in the segment of providing banking services to commercial establishments and individuals primarily in the San Joaquin Valley of California. The Bank offers a range of services for commercial customers and account holders, including online banking, mobile banking, safe deposit boxes, automated teller machine (ATM) services, payroll direct deposit, cashier’s checks, traveler’s checks, money orders and foreign drafts. The Bank offers a range of financial services, including wealth management, employee benefit, insurance and loan products, as well as consulting services. It offers a range of deposit instruments, including personal and business checking accounts and savings accounts, interest-bearing negotiable order of withdrawal (NOW) accounts, money market accounts and time certificates of deposit. UNITED SECURITY BANCSHARES (NASDAQ:UBFO) Recent Trading Information
UNITED SECURITY BANCSHARES (NASDAQ:UBFO) closed its last trading session up +0.05 at 8.20 with 13,241 shares trading hands.
