Business
FIRST US BANCSHARES, INC. ANNOUNCES FIRST QUARTER SHARE REPURCHASES
BIRMINGHAM, Ala., March 05, 2020 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank, announced
About this update from First Us Bancshares, Inc.
[{"type":"text","content":"BIRMINGHAM, Ala., March 05, 2020 (GLOBE NEWSWIRE) -- First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank, announced today that the Company has completed share repurchases for the first quarter of 2020 totaling 38,604 shares of its $0.01 par value common stock at a weighted average price of $11.70 per share. The Company repurchased the shares under its existing share repurchase program, which was originally approved by the Company’s Board of Directors on January 19, 2006. Of the 642,785 shares of common stock originally authorized for repurchases, 587,824 shares have been repurchased by the Company since the inception of the share repurchase program. The existing share repurchase program is set to expire on December 31, 2020.\n About First US Bancshares, Inc. First US Bancshares, Inc. is a bank holding company that operates banking offices in Alabama, Tennessee and Virginia through First US Bank (the “Bank”). In addition, the Company’s operations include Acceptance Loan Company, Inc., a consumer loan company (“ALC”), and FUSB Reinsurance, Inc., an underwriter of credit life and credit accident and health insurance policies sold to the Bank’s and ALC’s consumer loan customers. The Company files periodic reports with the U.S. Securities and Exchange Commission (the “SEC”). Copies of its filings may be obtained through the SEC’s website at www.sec.gov or at www.firstusbank.com. More information about the Company and the Bank may be obtained at www.firstusbank.com. The Company’s stock is traded on the Nasdaq Capital Market under the symbol “FUSB.” Forward-Looking Statements 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. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. The Company undertakes no obligation to update these statements following the date of this press release, except as required by law. In addition, the Company, through its senior management, may make from time to time forward-looking public statements concerning the matters described herein. Such forward-looking statements are necessarily estimates reflecting the best judgment of the Company’s senior ...