First US Bancshares, Inc. Declares Cash Dividend
November 16 2017 - 4:05PM
First US Bancshares, Inc. (the “Company”) (Nasdaq:FUSB) announced
that the Board of Directors, at a meeting held November 15, 2017,
declared a quarterly cash dividend of $0.02 per share. The
dividend is payable on January 2, 2018 to shareholders of record at
the close of business on December 8, 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
fourteen 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
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 management
based upon current information and involve a number of risks and
uncertainties. Certain factors that could affect the accuracy of
such forward-looking statements are identified in the public
filings made by the Company with the Securities and Exchange
Commission, and forward-looking statements contained in this press
release or in other public statements of the Company or its senior
management should be considered in light of those factors.
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 Bank’s and ALC’s
service areas, the availability of quality loans in the Bank’s and
ALC’s service areas, the relative strength and weakness in the
consumer and commercial credit sectors and in the real estate
markets and collateral values. There can be no assurance that such
factors or other factors will not affect the accuracy of such
forward-looking statements.
Contact:Thomas S. Elley(205) 582-1200
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