BIRMINGHAM, Ala., July 24,
2024 /PRNewswire/ -- First US Bancshares, Inc. (the
"Company") (Nasdaq: FUSB) announced today that the Company's Board
of Directors has elected Robert C.
Field as a director of the Company and its subsidiary, First
US Bank (the "Bank"), effective immediately. Mr. Field will serve
on the Audit Committee of the Board of Directors of the Company and
the Asset/Liability Committee of the Board of Directors of the
Bank.
Mr. Field graduated Magna Cum Laude from the University of Alabama and holds a Bachelor of
Science Degree in Commerce and Business Administration.
Mr. Field is a partner, with more than 35 years of experience,
with the Welden-Field group of companies which specializes in real
estate development, mortgage banking, property management,
alternative investments, and formerly banking (now sold). Mr.
Field's current direct work focus includes multifamily investment,
mortgage banking, alternative assets, and administration.
Welden-Field's home offices are in Birmingham, Alabama, and most operations are
in the southeastern United States.
The primary focus is real estate; however, Welden-Field Companies,
through Birmingham BAM (Business as Missions), have made
investments in Eastern Europe,
Central Asia, and certain parts of
Africa.
Mr. Field currently serves as Chairman of The General Retirement
System for Employees of Jefferson
County and is also on the advisory board of Boyd Watterson, which specializes in mission
critical properties leased to various agencies.
Previously, Mr. Field was involved with the development of Low
Income Housing Tax Credits; the operation, asset sale and delivery
of assets of Highland Mortgage Company (FHA multifamily) to a
division of GMAC (General Motors Acceptance Corporation); the
operation and sale of Corinthian Mortgage Corporation/South Bank
FSB; as well as the formation of Commonwealth Savingshares
Corporation (holding company).
Earlier in his career, Mr. Field was employed in the
Washington, D.C. office of Arthur
Andersen & Company as a Certified Public Accountant
specializing in early-stage growth companies and defense
contractors.
Mr. Field also served as the Chairman of the Eye Sight
Foundation of Alabama as well as
the Finance Chair of the Alabama Eye Bank. He serves on the Board
of Directors of Red Wolf Lodge, is a
member of OLS Catholic Church, and is actively involved with
his family.
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").
The Company's stock is traded on the Nasdaq Capital Market under
the symbol "FUSB."
James F. House
205-582-1200
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SOURCE First US Bancshares, Inc.