FIRST US BANCSHARES, INC. ANNOUNCES FOURTH QUARTER SHARE REPURCHASES

World News: . []

BIRMINGHAM, AL, Dec. 03, 2019 (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 fourth quarter of 2019 totaling 64,538 shares of its $0.01 par value common stock at a weighted average price of $10.50 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 642,875 shares of common stock originally authorized for repurchases, 549,310 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, 2019.

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.”

Contact:   
Thomas S. Elley
205-582-1200

More news and information about First US Bancshares, Inc.

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Globe Newswire: 21:00 GMT Tuesday 3rd December 2019

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