United Security Bancshares, Inc. (USBI), a bank holding company that operates 19 banking offices in Alabama through First United Security Bank, announced today 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, 2011. To date, USBI has repurchased approximately 400,482 shares of common stock under the share repurchase program.
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