United Security Bancshares announced that its board has extended USBI’s existing share repurchase program pursuant to which USBI may repurchase up to 642,785 shares of its common stock. The repurchase program previously approved on January 19, 2006 has been extended to expire on December 31, 2012. To date, USBI has repurchased approximately 400,482 shares of common stock under the share repurchase program.
Happy demi-anniversary, stock market rally. Will the honeymoon ever end?