<SEC-DOCUMENT>0001157523-14-004301.txt : 20141103
<SEC-HEADER>0001157523-14-004301.hdr.sgml : 20141103
<ACCEPTANCE-DATETIME>20141103161737
ACCESSION NUMBER:		0001157523-14-004301
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20141031
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20141103
DATE AS OF CHANGE:		20141103

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNITED SECURITY BANCSHARES INC
		CENTRAL INDEX KEY:			0000717806
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				630843362
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0223

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14549
		FILM NUMBER:		141189684

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 249
		STREET 2:		131 WEST FRONT STREET
		CITY:			THOMASVILLE
		STATE:			AL
		ZIP:			36784
		BUSINESS PHONE:		3346365424

	MAIL ADDRESS:	
		STREET 1:		P O BOX 249
		STREET 2:		131 WEST FRONT STREET
		CITY:			THOMASVILLE
		STATE:			AL
		ZIP:			36784
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a50975572.htm
<DESCRIPTION>UNITED SECURITY BANCSHARES, INC. 8-K
<TEXT>
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      <br>
      <font style="font-size: 12pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman"><b>WASHINGTON,
      D.C. 20549</b></font><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman"><b>FORM
      8-K</b></font><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><br><font style="font-size: 12pt"><b>Pursuant to
      Section&#160;13 or 15(d) of the Securities Exchange Act of 1934</b></font><br><br>Date
      of Report (Date of earliest event reported):&#160;&#160;October 31, 2014<br>
    </p>
    <p style="text-align: center">
      <br>
      <br>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="border-bottom: solid black 1.0pt; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 14pt"><b>United Security Bancshares, Inc. </b></font>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Exact name of registrant as specified in its charter)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center; white-space: nowrap">

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="text-align: center; width: 33%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="text-align: center; width: 34%; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="top">
          <b>0-14549</b>
        </td>
        <td style="text-align: center; width: 33%; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>63-0843362</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; width: 33%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            of incorporation)
          </p>
        </td>
        <td style="text-align: center; width: 34%; padding-left: 0.0px" valign="top">
          (Commission File Number)
        </td>
        <td style="text-align: center; width: 33%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (IRS Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification Number)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <b>131 West Front Street </b><br><b>Post Office Box 249 </b><br><b>Thomasville,
      Alabama 36784 </b><br>(Address of principal executive offices, including
      zip code)<br><br>(Registrant&#8217;s telephone number, including area code): <b>(334)
      636-5424</b><br><br><b>N/A</b><br>(Former name or former address, if
      changed since last report)
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions</font>:
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: justify">

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="text-align: left; width: 12%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 1.01</b>
          </p>
        </td>
        <td style="text-align: left; width: 88%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Entry into a Material Definitive Agreement.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-indent: 30.0px; text-align: justify">
      The information set forth in Item 5.02(b) of this Current Report on Form
      8-K with respect to the Director Indemnification Agreements, dated as of
      October 31, 2014 (the &#8220;Indemnification Agreements&#8221;), by and between
      United Security Bancshares, Inc. (the &#8220;Company&#8221;) and each of Robert
      Stephen Briggs, Sheri S. Cook, Aubrey S. Miller, Donna D. Smith, is
      incorporated in this Item 1.01 by reference.
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="text-align: left; width: 12%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 5.02</b>
          </p>
        </td>
        <td style="text-align: left; width: 88%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Departure of Directors or Certain Officers; Election of
            Directors; Appointment of Certain Officers; Compensatory
            Arrangements of Certain Officers.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="text-align: left; width: 8%; padding-left: 0.0px" valign="top">
          (a)
        </td>
        <td style="text-align: left; width: 92%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>Election of Robert Stephen Briggs, Sheri S. Cook, Aubrey S.
            Miller, and Donna D. Smith to the Board of Directors</i>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-indent: 30.0px; text-align: justify; font-size: 10pt">
      On October 31, 2014, the Board of Directors (the &#8220;Board&#8221;) of the
      Company, in accordance with the Company&#8217;s Certificate of Incorporation
      and Amended and Restated Bylaws and upon the recommendation of the
      Board&#8217;s Nominating, Executive and Corporate Governance Committee, voted
      unanimously to increase the size of the Board from eleven (11) to
      fifteen (15) directors and to elect Robert Stephen Briggs, Sheri S.
      Cook, Aubrey S. Miller, and Donna D. Smith to fill the vacancies created
      by the increase in the size of the Board, effective as of October 31,
      2014.&#160;&#160;The Board appointed Mr. Briggs to serve on the Audit Committee of
      the Board of the Company.&#160;&#160;Mr. Briggs, Ms. Cook, Mr. Miller, and Ms.
      Smith will also serve on the Board of Directors of First United Security
      Bank, the Company&#8217;s wholly-owned banking subsidiary (the &#8220;Bank&#8221;).&#160;&#160;The
      Board of Directors of the Bank (the &#8220;Bank Board&#8221;) appointed Mr. Briggs
      to serve on the Audit Committee of the Bank Board, Ms. Cook to serve on
      the Asset/Liability Committee of the Bank Board, Mr. Miller to serve on
      the Retail, Operations, Technology, and Compliance Committee of the Bank
      Board, and Ms. Smith to serve on the Directors&#8217; Loan Committee of the
      Bank Board.
    </p>
    <p style="text-indent: 30.0px; text-align: justify; font-size: 10pt">
      There are no arrangements or understandings between Mr. Briggs, Ms.
      Cook, Mr. Miller, or Ms. Smith and any other person pursuant to which
      they were appointed to the positions with the Company and the Bank
      described above.&#160;&#160;Additionally, there are no related person transactions
      involving Mr. Briggs, Ms. Cook, Mr. Miller, or Ms. Smith and the Company
      that would require disclosure under Item 404(a) of Regulation S-K
      promulgated by the Securities and Exchange Commission (the &#8220;SEC&#8221;).
    </p>
    <p style="text-indent: 30.0px; text-align: justify; font-size: 10pt">
      The Board has affirmatively determined that Mr. Briggs, Ms. Cook, Mr.
      Miller, and Ms. Smith are independent under Nasdaq listing standards and
      are otherwise qualified to serve on the Boards and the committees to
      which they have been appointed.&#160; Mr. Briggs, Ms. Cook, Mr. Miller, and
      Ms. Smith&#160; will receive the compensation described in the section titled
      &#8220;Director Compensation &#8211; Fees&#8221; included in the Company&#8217;s definitive
      proxy statement filed with the SEC on March 28, 2014; provided, however,
      that the compensation of the Company&#8217;s directors may be adjusted by the
      Board from time to time.&#160;&#160;The new directors will also be eligible to
      receive awards under the Company&#8217;s 2013 Incentive Plan.
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="text-align: left; width: 8%; padding-left: 0.0px" valign="top">
          (b)
        </td>
        <td style="text-align: left; width: 92%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>Director Indemnification Agreements</i>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-indent: 30.0px; text-align: justify; font-size: 10pt">
      On October 31, 2014, the Company entered into the Indemnification
      Agreements with Mr. Briggs, Ms. Cook, Mr. Miller, and Ms. Smith in
      connection with their membership on the Board of the Company.&#160;&#160;The
      Indemnification Agreements are substantially similar to the Director
      Indemnification Agreements previously entered into between the Company
      and each of its other current directors.
    </p>
    <p style="text-indent: 30.0px; text-align: justify; font-size: 10pt">
      In general, the Indemnification Agreements provide that the Company
      will, to the extent permitted by applicable law and subject to certain
      limitations, indemnify Mr. Briggs, Ms. Cook, Mr. Miller, and Ms. Smith
      against all expenses, judgments, fines, and penalties actually and
      reasonably incurred by them in connection with the defense or settlement
      of any civil, criminal, administrative, or investigative action, suit,
      or proceeding brought against them or in which he or she otherwise
      becomes involved by reason of his or her relationship with the
      Company.&#160;&#160;The Indemnification Agreements provide for indemnification
      rights regarding third-party proceedings and proceedings brought by or
      in the right of the Company.&#160;&#160;Additionally, the Indemnification
      Agreements provide for the advancement of expenses incurred by Mr.
      Briggs, Ms. Cook, Mr. Miller, or Ms. Smith in connection with any
      proceeding covered by the Indemnification Agreements, provided that such
      individual must undertake in writing to repay any such amounts to the
      extent that it is determined that he or she is not entitled to
      indemnification.
    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-indent: 30.0px; text-align: justify; font-size: 10pt">
      No payments pursuant to the Indemnification Agreements are available (i)
      to indemnify or advance expenses with respect to proceedings initiated
      or brought voluntarily by Mr. Briggs, Ms. Cook, Mr. Miller, or Ms. Smith
      and not by way of defense, subject to certain exceptions; (ii) to
      indemnify them for expenses, judgments, fines, or penalties sustained in
      any proceeding for which payment is actually made to them under a valid
      and collectible insurance policy, except in respect of any excess beyond
      the amount of such insurance payment; (iii) to indemnify them for any
      expenses, judgments, fines, or penalties sustained in any proceeding for
      an accounting of profits made from the purchase or sale by them of
      securities of the Company pursuant to the provisions of Section 16(b) of
      the Securities Exchange Act of 1934, the rules and regulations
      thereunder and amendments thereto or similar provisions of any federal,
      state, or local statutory law; (iv) to indemnify them for any expenses,
      judgments, fines, or penalties resulting from their conduct that is
      finally adjudged to have been willful misconduct, knowingly fraudulent,
      or deliberately dishonest; or (v) if a court of competent jurisdiction
      finally determines that such payment is unlawful.
    </p>
    <p style="text-indent: 30.0px; text-align: justify; font-size: 10pt">
      The Indemnification Agreements do not exclude any other rights to
      indemnification or advancement of expenses to which Mr. Briggs, Ms.
      Cook, Mr. Miller, or Ms. Smith may be entitled, including any rights
      arising under the Company&#8217;s Certificate of Incorporation or Amended and
      Restated Bylaws, any other agreement, any vote of the Company&#8217;s
      shareholders or disinterested directors, the Delaware General
      Corporation Law, or otherwise.&#160;&#160;The Indemnification Agreements also
      contain various representations and covenants by the Company as to the
      maintenance of Directors and Officers Liability Insurance.
    </p>
    <p style="text-indent: 30.0px; text-align: justify; font-size: 10pt">
      The foregoing description of the Indemnification Agreements does not
      purport to be complete and is qualified in its entirety by reference to
      the Form of Director Indemnification Agreement, a copy of which is
      attached as Exhibit 10.1 to the Company&#8217;s Current Report on Form 8-K
      filed with the SEC on October 30, 2009 and incorporated herein by
      reference.
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="text-align: left; width: 12%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 8.01.</b>
          </p>
        </td>
        <td style="text-align: left; width: 88%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Other Events.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-indent: 30.0px; text-align: justify">
      On October 31, 2014, the Company issued a press release announcing the
      election of Mr. Briggs, Ms. Cook, Mr. Miller, and Ms. Smith to the
      Boards of Directors of the Company and the Bank, which press release
      contains additional biographical information on each of the new
      directors.&#160;&#160;A copy of the press release is attached hereto as Exhibit
      99.1.
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="text-align: left; width: 12%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 9.01.</b>
          </p>
        </td>
        <td style="text-align: left; width: 88%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Financial Statements and Exhibits.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="text-align: left; width: 8%; padding-left: 0.0px" valign="top">
          (d)
        </td>
        <td style="text-align: left; width: 92%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Exhibits.
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="width: 15%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td style="width: 5%; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td style="width: 80%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Exhibit</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="border-bottom: solid black 1.0pt; width: 15%">
          &#160;
        </td>
        <td style="width: 5%">

        </td>
        <td style="border-bottom: solid black 1.0pt; width: 80%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 15%; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="top">
          10.1
        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 80%; padding-left: 0.0px" valign="top">
          Form of Director Indemnification Agreement (incorporated herein by
          reference to Exhibit 10.1 to United Security Bancshares, Inc.&#8217;s
          Current Report on Form 8-K filed with the Securities and Exchange
          Commission on October 30, 2009)
        </td>
      </tr>
      <tr>
        <td style="width: 15%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 80%; padding-left: 0.0px" valign="middle">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 15%; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="top">
          99.1
        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 80%; padding-left: 0.0px" valign="top">
          Press Release, dated October 31, 2014
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: left">

    </p>
    <p style="text-align: center">
      <b>SIGNATURES</b>
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      Pursuant to the requirements of the Securities Exchange Act of 1934, the
      registrant has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.<br><br>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="text-align: left; width: 6%; padding-left: 0.0px" valign="top">
          <p style="font-size: 10pt">
            Dated:
          </p>
        </td>
        <td style="text-align: left; width: 39%; padding-left: 0.0px" valign="top">
          <p style="font-size: 10pt">
            November 3, 2014
          </p>
        </td>
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            UNITED SECURITY BANCSHARES, INC.
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            By:
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            <u>/s/ James F. House</u>
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            Name:
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            James F. House
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            President and Chief Executive Officer
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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a50975572-ex991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>United
      Security Bancshares, Inc. and First United Security Bank Elect New
      Directors</b></font>
    </p>
    <p>
      THOMASVILLE, Ala.--(BUSINESS WIRE)--October 31, 2014--United Security
      Bancshares, Inc. (Nasdaq: USBI) announced today that Robert Stephen
      Briggs, Sheri S. Cook, Aubrey S. Miller, and Donna D. Smith were elected
      as directors of United Security Bancshares, Inc. (the &#8220;Company&#8221;) and its
      subsidiary, First United Security Bank (the &#8220;Bank&#8221;), by the Board of
      Directors of the Company at a meeting held on Friday, October 31, 2014.
      Mr. Briggs was appointed to serve on the Audit Committee of the Company
      and the Bank. Ms. Cook was appointed to serve on the Asset/Liability
      Committee of the Bank, Mr. Miller on the Retail, Operations, Technology,
      and Compliance Committee of the Bank, and Ms. Smith on the Directors&#8217;
      Loan Committee of the Bank.
    </p>
    <p>
      Mr. Briggs, Ms. Cook, Mr. Miller, and Ms. Smith all reside and work in
      the Birmingham area. They are actively involved and serve in
      professional, civic, and non-profit organizations.
    </p>
    <p>
      Robert Stephen Briggs graduated from Birmingham-Southern College with a
      Bachelor of Arts degree in Mathematics. He also attended Georgia State
      University, where he undertook limited graduate studies in actuarial
      science. Mr. Briggs has over 40 years of experience in the insurance
      industry, serving as a field agent, general manager and company
      executive. In 2008, after his retirement from Protective Life
      Corporation, Mr. Briggs founded Petra Life Services, Inc. in Birmingham,
      which company provides insurance, financial and investment consulting
      services, and he currently serves as its President and Chief Executive
      Officer. Mr. Briggs holds several certifications and licenses, including
      Chartered Life Underwriter, Chartered Financial Consultant, Alabama
      State Life Accident and Sickness, Series 7, Series 22, Series 24, and
      Series 63. He has been involved with a number of organizations,
      including American United Mutual Insurance Holding Company, The Freedom
      Source, The Foundry Rescue Mission and Recovery Center, Edward Lee
      Norton Board of Advisors at Birmingham-Southern College, MDRT
      Foundation, United Way, Junior Achievement of Alabama, American Red
      Cross, Rotary Club, LIMRA International, LOMA, NAIFA, Alabama Planned
      Giving Council, and Leadership Birmingham.
    </p>
    <p>
      Sheri S. Cook graduated summa cum laude from Vanderbilt University in
      1989 with a Bachelor of Arts degree in Economics and Classical Studies
      and as a member of Phi Beta Kappa. She graduated from Darden Graduate
      School of Business Administration at the University of Virginia in 1993
      with a Master of Business Administration degree. While at Darden, she
      received the Faculty Award for graduating in the top five percent of her
      class. Sheri is currently employed by Altec, Inc. in Birmingham as the
      Senior Vice President of Human Resources. From April 2008 to July 2013,
      Sheri served as Altec&#8217;s Director of Corporate Finance. Previously, she
      worked in the corporate finance, internal audit, and investor relations
      departments of Protective Life Corporation, and also for Kinetic
      Partners, LLC and Sonat, Inc. She is involved with several boards and
      organizations, including the McWane Science Center, YWCA, IPC
      Foundation, and Junior League of Birmingham.
    </p>
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        </div>
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    </div>
    <p>
      Aubrey S. Miller graduated from Samford University in 1974 with a
      Bachelor of Arts degree in English and from The University of Alabama in
      1980 with a Master of Arts degree in Communication. Since 2009, Mr.
      Miller has served as Executive Director of the Alabama Chapter of the
      Juvenile Diabetes Research Foundation in Birmingham. From 2005 to 2008,
      he was employed as President and Chief Development Officer of the
      Baptist Health Foundation in Birmingham. While with the Baptist Health
      Foundation, he was responsible for reorganizing and restructuring the
      Foundation, and he led the Foundation to a significantly improved
      financial position. He also enjoyed working for several years with the
      Tourism and Travel Department and the Birmingham Metropolitan
      Development Board. Since 2009, Mr. Miller has served as President of the
      Shelby County Board of Education. He has been involved in several
      professional and community leadership organizations, including Boy
      Scouts of America, The Lakeshore Foundation, UAB President&#8217;s Cabinet,
      Leadership Birmingham, Leadership Shelby County, Kiwanis Club, Shelby
      County Community Health Foundation, and Greater Shelby Education
      Foundation.
    </p>
    <p>
      Donna D. Smith attended the Mary Baldwin College in Staunton, Virginia,
      earned her Bachelor of Arts and Master of Science degrees from The
      University of Alabama, and earned a Master of Business Administration
      degree from Samford University. She is a graduate of the Finance for
      Utility Professions course by the Wharton Business School and was
      awarded a scholarship to attend the Harvard Business School Non-profit
      Governance Seminar in connection with her work with the Girl Scouts.
      Upon her retirement on February 1, 2014, Donna served as the Vice
      President of Human Resources and Ethics for Alabama Power Company and
      was employed by Alabama Power Company or Southern Company for over 25
      years. She also served on the Board of the Alabama Power Company
      Foundation. Among her civic and professional activities, Donna was named
      a 2013 Top Human Resources Executive by the Birmingham Business Journal
      and serves as the first board president of the Girl Scouts of North
      Central Alabama Council. She has been involved with several other
      organizations and boards, including Birmingham Business Alliance
      Workforce Development, Birmingham Museum of Art, Go Red for Women
      Executive Leadership, United Way Tocqueville Society, Women&#8217;s Fund
      Board, Kiwanis Club, Leadership Birmingham, and Leadership America. She
      also serves on the Advisory Board of One Stop Environmental and McKinney
      Capital and as co-chair of the 2014 MOMENTUM Women&#8217;s Leadership
      Conference.
    </p>
    <p>
      &#8220;We are fortunate to have these very qualified individuals join our
      Company and Bank. They will be a major asset to us in serving the
      Birmingham area,&#8221; said James F. House, President and Chief Executive
      Officer of the Company and the Bank. &#8220;I welcome them as members of our
      Boards and look forward to their association and insight as we continue
      to focus on improvement and growth of the Bank&#8217;s assets as part of our
      strategy to increase earnings and move the Bank forward.&#8221;
    </p>
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        </div>
      </div>
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        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <i><b>About United Security Bancshares, Inc.</b></i>
    </p>
    <p>
      United Security Bancshares, Inc. is a bank holding company that operates
      nineteen banking offices in Alabama through First United Security Bank.
      In addition, the Company&#8217;s operations include Acceptance Loan Company,
      Inc., a consumer loan company, and FUSB Reinsurance, Inc., an
      underwriter of credit life and credit accident and health insurance
      policies sold to the Bank&#8217;s and ALC&#8217;s consumer loan customers. The
      Company&#8217;s stock is traded on the Nasdaq Capital Market under the symbol
      &#8220;USBI.&#8221;
    </p>
    <p>
      <i><b>Forward-Looking Statements</b></i>
    </p>
    <p>
      <i>This press release contains forward-looking statements, as defined by
      federal securities laws. Statements contained in this press release that
      are not historical facts are forward-looking statements.</i> <i>These
      statements may address issues that involve significant risks,
      uncertainties, estimates and assumptions made by management.</i> <i>USBI
      undertakes no obligation to update these statements following the date
      of this press release, except as required by law.</i> <i>In addition,
      USBI, through its senior management, may make from time to time
      forward-looking public statements concerning the matters described
      herein.</i> <i>Such forward-looking statements are necessarily estimates
      reflecting the best judgment of USBI&#8217;s senior management based upon
      current information and involve a number of risks and uncertainties.</i> <i>Certain
      factors that could affect the accuracy of such forward-looking
      statements are identified in the public filings made by USBI with the
      Securities and Exchange Commission, and forward-looking statements
      contained in this press release or in other public statements of USBI or
      its senior management should be considered in light of those factors.</i>
      <i>Specifically, with respect to statements relating to loan demand,
      growth and earnings potential and the adequacy of the allowance for loan
      losses for USBI, these factors include, but are not limited to, the rate
      of growth (or lack thereof) in the economy, the relative strength and
      weakness in the consumer and commercial credit sectors and in the real
      estate markets and collateral values.</i> <i>There can be no assurance
      that such factors or other factors will not affect the accuracy of such
      forward-looking statements.</i>
    </p>
    <p>
      CONTACT:<br>United Security Bancshares, Inc.<br>James F. House,
      334-636-5424
    </p>
    <p>

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