Stock BuybacksBy The Online Investor Staff, updated Sat., May. 8, 7:02 AM
|This Slide: #21 of 25|
Slide #21. First US Bancshares, Inc.
First US Bancshares, Inc. (NASDAQ:FUSB)
Share Amount Authorized:
First US Bancshares, Inc. (Nasdaq: FUSB) (the "Company"), a Delaware corporation based in Birmingham, Alabama, announced today that its Board of Directors has expanded the Company's existing share repurchase program. The Company has repurchased 587,824 shares of its common stock to date and 54,961 shares remain available for repurchase, and the Board of Directors authorized the Company to repurchase an additional 1,000,000 shares under the repurchase program. The Board of Directors also extended the expiration of the repurchase program from December 31, 2021 to December 31, 2022. The share repurchase program was originally approved by the Company's Board of Directors on January 19, 2006. The Company most recently repurchased shares pursuant to the program during the first quarter of 2020.
First US Bancshares is a bank holding company. Through its subsidiary, First US Bank (the Bank), Co. conducts a commercial banking business and provides banking services such as demand, savings, individual retirement account and time deposits, personal and commercial loans, safe deposit box services and remote deposit capture. The Bank's subsidiaries are: Acceptance Loan Company, Inc., which performs both indirect lending through third-party retailers and conventional consumer finance lending through a branch network; and FUSB Reinsurance, Inc., which underwrites credit life and credit accident and health insurance policies sold to the Bank's and ALC's consumer loan customers.
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