First US Bancshares, Inc. Declares Cash Dividend
February 22 2017 - 4:01PM
First US Bancshares, Inc. (the “Company”) (Nasdaq:FUSB) announced
that the Board of Directors, at a meeting held today, declared a
quarterly cash dividend of $0.02 per share. The dividend is
payable on April 3, 2017 to shareholders of record at the close of
business on March 10, 2017.
“We are pleased to announce that today our Board
of Directors approved a quarterly cash dividend to our
shareholders,” stated James F. House, President and CEO of First US
Bancshares, Inc. “We have paid a quarterly cash dividend for eleven
consecutive quarters, and we are committed to maintaining our
strong capital base,” concluded Mr. House.
About First US Bancshares,
Inc.
First US Bancshares, Inc. is a bank holding
company that operates banking offices in Alabama through First US
Bank (the “Bank”). In addition, the Company’s operations
include Acceptance Loan Company, Inc. (“ALC”), a consumer loan
company, 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’s stock
is traded on the Nasdaq Capital Market under the symbol “FUSB.”
Forward-Looking Statements
Statements contained in this press release that are not
historical facts are forward-looking statements (as defined in the
Private Securities Litigation Reform Act of 1995). In addition,
First US Bancshares, Inc. ("Bancshares") and, together with its
subsidiaries, (the “Company”), through its senior management, from
time to time makes forward-looking statements concerning its
expected future operations and performance and other developments.
The words “estimate,” “project,” “intend,” “anticipate,” “expect,”
“believe,” “continues” and similar expressions are indicative of
forward-looking statements. Such forward-looking statements are
necessarily estimates reflecting the Company’s best judgment based
on current information and involve a number of risks and
uncertainties, and various factors could cause results to differ
materially from those contemplated by such forward-looking
statements. Such factors could include those identified from time
to time in the Company’s Securities and Exchange Commission (“SEC”)
filings and other public announcements, including the risk factors
described in Part I, Item 1A of the Company’s Annual Report on Form
10-K as of and for the year ended December 31, 2015. Specifically,
with respect to statements relating to loan demand, growth and
earnings potential, geographic expansion and the adequacy of the
allowance for loan losses for the Company, these factors include,
but are not limited to, the rate of growth (or lack thereof) in the
economy generally and in the Company’s service areas, the
availability of quality loans in the Company’s service areas, the
relative strength and weakness in the consumer and commercial
credit sectors and in the real estate markets and collateral
values. Forward-looking statements speak only as of the date they
are made, and the Company undertakes no obligation to revise
forward-looking statements to reflect circumstances or events that
occur after the dates on which the forward-looking statements are
made, except as required by law.
Contact:
Thomas S. Elley
334-636-5424
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