February 24, 2011 RSS feed / Business

Real estate losses are blamed for USBI’s fourth quarter loss

T’ville-based financial institution posts a profit for 2010 but cuts dividend due to economy’s ‘adverse effects’

United Security Bancshares, Inc. [USBI] posted a profit for 2010 of $2.1 million but lost $1.2 million in the fourth quarter as it again wrote down the value of foreclosed real estate. More...

Craig Nelson joins First United Security as executive vice president, chief credit officer

Craig Nelson has recently joined the senior management team of First United Security Bank, as Executive Vice President, Chief Credit Officer. More...