Edition:
United Kingdom

United Security Bancshares (UBFO.OQ)

UBFO.OQ on NASDAQ Stock Exchange Global Select Market

11.35USD
17 Jul 2018
Change (% chg)

$0.00 (+0.00%)
Prev Close
$11.35
Open
$11.45
Day's High
$11.45
Day's Low
$11.30
Volume
3,793
Avg. Vol
6,181
52-wk High
$11.62
52-wk Low
$8.45

Summary

Name Age Since Current Position

Dennis Woods

67 Chairman of the Board, President, Chief Executive Officer of United Security Bancshares & United Security Bank

Bhavneet Gill

2015 Chief Financial Officer, Senior Vice President

David Eytcheson

74 Chief Operating Officer and Senior Vice President of United Security Bancshares & United Security Bank

William Yarbenet

56 2013 Senior Vice President, Chief Credit Officer of the Bank

Porsche Saunders

37 Vice President of Real Estate Construction Department at United Security Bank

Robert Bitter

76 2018 Corporate Secretary

Robert Mochizuki

67 2015 Lead Independent Director

Benjamin Mackovak

2017 Director

Nabeel Mahmood

2017 Director

Susan Quigley

2017 Director

Brian Tkacz

2017 Director

Stanley Cavalla

64 2001 Independent Director

G Thompson Ellithorpe

73 2001 Independent Director

Kenneth Newby

69 2014 Independent Director

Michael Woolf

59 2005 Independent Director
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Biographies

Name Description

Dennis Woods

Mr. Dennis R. Woods is Chairman of the Board, President and Chief Executive Officer of United Security Bancshares and United Security Bank. Mr. Woods is the founding chairman of the Bank, and assumed the additional duties of President and CEO in 1993. Prior to the inception of USB, Mr. Woods was the President and CEO and a 50% shareowner of a wholesale and retail food distribution company, Hestbeck’s Incorporated, for over 20 years. Mr. Woods has also been active in real estate investment, including ownership of commercial warehouses, apartments and residential real estate for more than 30 years. Additionally, Mr. Woods has been involved with the development and cultivation of pistachio and almond farms since 1980 to present. Mr. Woods has continuously served on the boards of directors of a number of non-profit organizations such as Hestbeck’s Incorporated; United Security Bancshares; Pacific Coast Bankers Bank; California State University Fresno Bulldog Foundation; State Center Community College; United Way of Fresno County; Northern California Loan Fund Advisory and Denwoods Farm Company. Mr. Woods’ extensive background in various businesses qualifies him for service as a Director.

Bhavneet Gill

Ms. Bhavneet Gill is Chief Financial Officer, Senior Vice President of the Company. Ms. Gill joined the Bank on May 20, 2013 , as Vice President and Controller. Ms. Gill has more than 7 years of experience in banking and the financial services industry. Prior to joining the Bank, Ms. Gill served in various finance roles at Central Valley Community Bank and State Street, most recently having served as the Accounting Manager at Central Valley Community Bank. Ms. Gill received her Bachelor's degree in Managerial Economics from University of California, Davis.

David Eytcheson

Mr. David L. Eytcheson is Chief Operating Officer and Senior Vice President of United Security Bancshares & United Security Bank and United Security Bancshares.

William Yarbenet

Mr. William M. Yarbenet is the Senior Vice President and Chief Credit Officer of United Security Bank, a subsidiary Company of United Security Bancshares, since July 25, 2013. Mr. Yarbenet joined the Bank on July 8, 2013, and was appointed Chief Credit Officer effective July 23, 2013. Mr. Yarbenet has more than 25 years of experience in banking and the financial services industry. Prior to joining the Bank, Mr. Yarbenet was Executive Vice President and Chief Credit Officer of Heritage Oaks Bank in Paso Robles. During his career, Mr. Yarbenet has served in various credit management positions, for a number of companies, including Premier West Bancorp in Medford, Oregon, The Goldman Sachs Group, Inc., and Merrill Lynch & Co. Mr. Yarbenet received his Bachelor's degree in Economics from Allegheny College, and his MBA from Rutgers University.

Porsche Saunders

Ms. Porsche A. Saunders is served as a Vice President of Real Estate Construction Department at United Security Bank.

Robert Bitter

Dr. Robert G. Bitter is Corporate Secretary of United Security Bancshares. He is no longer Independent Director of the company effective April 30, 2018. He is a clinical pharmacist at Madera Community Hospital and also the owner of Berenda Creek Ranch and a partner in Selma Shopping Center. He is an active and award winning member of the Madera Sunrise Rotary Club and is a Past District Governor of District 5220. He has worked with youth in the community, particularly with the High School Interact Club. Through Rotary, he is involved in many diverse International Service activities. Dr. Bitter’s relevant experiences serving amongst diverse cultures and operating in various business environments within the Company’s market area, including real property management qualifies him for service as a director.

Robert Mochizuki

Mr. Robert M. Mochizuki is Lead Independent Director of the Company. He was Independent Director of United Security Bancshares. He is an orthopedic surgeon and CEO of Arthroscopic Surgery Associates Corp, a practice which he began solo in 1980 and which, through partnership formation and mergers, has grown into a large group of surgeons and employees and includes ownership of an ancillary surgery center. He is active in the Fresno community as a practicing orthopedic surgeon affiliated with Saint Agnes Medical Center, Fresno Surgical Hospital and Summit Surgery Center. Since 1982 to present, Mr. Mochizuki has also been involved in the development of local real estate including multiple commercial and residential projects. Mr. Mochizuki’s relevant experience in investments and managing and operating different businesses qualifies him for service as a director.

Benjamin Mackovak

Mr. Benjamin Mackovak serves as Director of the Company. He also serves on the Board of United Security Bank, a wholly-owned subsidiary of United Security Bancshares. Mr. Mackovak is the Co-Founder and Managing Member of Strategic Value Bank Partners. He graduated from Kent State University in 2004, and later earned his MBA at University of Virginia, Darden Graduate School of Business in 2007. Mackovak founded Cavalier Capital in 2012 and co-founded Strategic Value Bank Partners in 2015, where he currently serves as a Managing Member. Mackovak has been a guest lecturer at the Darden Graduate School of Business and serves on the board for Foothills Community Bank in Georgia. Mr. Mackovak was appointed to the Company's Compensation Committee and Corporate Governance and Nominating Committee, and the Bank's ALCO.

Nabeel Mahmood

Mr. Nabeel Mahmood is Director of the company. He 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.

Susan Quigley

Ms. Susan Quigley serves as Director of the Company. Ms. Quigley retired as Firm Managing Director from public accounting firm Deloitte & Touche LLP in 2010.

Brian Tkacz

Mr. Brian Tkacz is Director of the company. He 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. Mr. Tkacz holds an MBA from the Darden Graduate School of Business, University of Virginia and a B.S. in Managerial Economics from Cornell University.

Stanley Cavalla

Mr. Stanley J. Cavalla is Independent Director of United Security Bancshares. He is President of Suburban Steel, Inc. and Vice President of Tri State Stairway Corp. He is active in Fresno County as business and farmer. Mr. Cavalla’s relevant experience as an executive in managing, operating manufacturing and farming businesses within the Company’s market area, qualifies him for service as a director.

G Thompson Ellithorpe

Mr. Tom Ellithorpe is Independent Director of United Security Bancshares. He is the owner of Insurance Buying Service. He is active in the Fresno community as an insurance broker, and has been involved in the California insurance industry since 1972. He has also been involved in a number of business ventures in the Company’s market area including agricultural ventures. Mr. Ellithorpe’s relevant experience as an executive in the insurance industry and his understanding of risk management qualifies him for service as a director.

Kenneth Newby

Mr. Kenneth D. Newby is the Director of the company since 2014. Mr. Newby is a well-respected Certified Public Accountant with long-standing ties to the community. He has been self-employed as a financial consultant in Fresno, California since June 2008. Previously, he worked as a manager and a partner with the public accounting firm of Deloitte & Touche, LLP. Mr. Newby is a graduate of the California State University, Fresno, where he received his Bachelor of Science in Business Administration and Accounting in 1972.

Michael Woolf

Dr. Michael T. Woolf, DDS is Independent Director of United Security Bancshares. His primary occupation is a dentist, but he has also been active in the Fresno community as farmer. He is currently a 1/6th owner of Woolf Enterprises, a diversified foods grower and processing operation. Dr. Woolf has also served on various professional and community organization Boards including Fresno Madera Dental Society, Western Pistachio Association, Fresno Metropolitan Museum Trustees and Carden Private School. Dr. Woolf’s relevant experience as dentist, farmer, and member of various Boards and his understanding of the community qualifies him for service as a director.

Insider Trading

Name Shares Traded Price

Gill (Bhavneet)

 3,003 $11.25

Eytcheson (David L)

 806 $11.39

Woods (Dennis R)

 4,164 $10.80

Woods (Dennis R)

 4,164 $10.80

Eytcheson (David L)

 1,000 $0.00

Woolf (Michael T)

 1,000 $0.00

Quigley (Susan)

 1,000 $0.00

Mochizuki (Robert Michele)

 1,000 $0.00

Yarbenet (William M)

 1,000 $0.00

Gill (Bhavneet)

 1,000 $0.00

Bitter (Robert G)

 1,000 $10.40

Cavalla (Stanley J)

 1,000 $0.00

Ellithorpe (G Thompson)

 1,000 $0.00

Heidt (Jon M)

 1,000 $0.00

Newby Kenneth D

 1,000 $0.00

Mackovak (Benjamin)

 1,000 $0.00

Woods (Dennis R)

 1,000 $0.00

Eytcheson (David L)

 600 $11.52

Bitter (Robert G)

 800 $0.00

Eytcheson (David L)

 1,600 $9.94

Mochizuki (Robert Michele)

 175,000 $8.75

Mochizuki (Robert Michele)

 20,000 $8.75

Woolf (Michael T)

 10,000 $8.85

Bitter (Robert G)

 361 $9.75

Newby Kenneth D

 4,417 $0.00
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