Destination Wealth Management Lowers stake in United Security Bancshares (UBFO)

United Security Bancshares (UBFO) : Destination Wealth Management reduced its stake in United Security Bancshares by 0.99% during the most recent quarter end. The investment management company now holds a total of 87,810 shares of United Security Bancshares which is valued at $449,587 after selling 878 shares in United Security Bancshares , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.United Security Bancshares makes up approximately 0.04% of Destination Wealth Management’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management boosted its stake in UBFO in the latest quarter, The investment management firm added 1,022 additional shares and now holds a total of 1,281 shares of United Security Bancshares which is valued at $6,354.

United Security Bancshares is the bank holding company for United Security Bank (the Bank). The Bank is a California state-chartered bank. The Bank offers a range of commercial banking services primarily to the business and professional community and individuals located in Fresno Madera Kern and Santa Clara Counties. The Bank offers a range of deposit instruments and provides loans such as real estate mortgage loans commercial and industrial loans real estate construction loans agricultural loans and consumer loans. 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 for a range of clients.

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