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United Security Bancshares, Inc. And First United Security Bank Elect New Director

Stocks in this article: USBI

Dr. Strickland has also worked extensively in Europe, the Middle East, Central America, Southeast Asia, Australia, and Africa. He has worked in Southern Africa for the last twenty-five years and has also developed a management simulation of corporate decision making for France, which enables management to test various strategic alternatives.

Other accomplishments include serving as a director of marketing, where he was responsible for a $1 billion portfolio with $300 million in profits, participating in two companies being listed on the New York Stock Exchange, and being a founding member and independent director of American Equity Life Insurance Company.

In a survey of all graduating seniors at the University of Alabama, he was recognized and named the most influential professor there. Other awards include the Outstanding Professor Award for the Graduate School of Business, a multiple time winner of the EMBA Best Professor Award, and recipient of the Outstanding Commitment to Teaching Award for the University of Alabama, an award in which he takes particular pride. He is a member of various honor leadership societies, including Mortar Board, Order of Omega, Beta Gamma Sigma, Omicron Delta Kappa, Jasons, and XXXI. He is past National President of Pi Kappa Phi social fraternity.

“Having known Lonnie for a number of years, I feel very fortunate to have him join our Company and Bank,” said James F. House, President and Chief Executive Officer of the Company and the Bank. “I am confident of his leadership ability and believe that he is well qualified for this position. I welcome him as a member of our Boards and look forward to his association and insight as we continue to focus on improvement and growth of the Bank’s assets as part of our strategy to increase earnings and move the Bank forward.”

“I am looking forward to being a part of United Security Bancshares and First United Security Bank because I am very impressed with the leadership of the Company and the Bank,” said Dr. Strickland. “In addition, I see tremendous competitive advantages and an upside potential for the future.”

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