United Bancshares, Inc. (NASDAQ:UBOH) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02Unregistered Sales of Equity Securities.
On September29, 2017, United Bancshares,Inc. (the“Company”) issued 500shares of its previously authorized 7.00% Noncumulative Perpetual Preferred Stock, SeriesB (the“Series B Preferred Stock”) to Bryn Mawr Bank Corporation for an aggregate purchase price of $250,000. The offering was completed to Section4(a)(2) of the Securities Act of 1933. For more information regarding the Series B Preferred Stock, see Item9B of the Company’s Annual Report on Form10-K for the year ended December31, 2015 filed with the Securities and Exchange Commission on June9, 2017.
About United Bancshares, Inc. (NASDAQ:UBOH)
United Bancshares, Inc. is a bank holding company of The Union Bank Company (the Bank). The Bank is a state-chartered bank. Through the Bank, the Company provides a range of commercial and retail banking services. The Bank offers a range of commercial banking services, including checking accounts, savings and money market accounts; certificates of deposit; online banking and automatic teller machines; commercial, consumer, agricultural, residential mortgage and home equity loans; wealth management services; treasury management services; safe deposit box rentals, and other personalized banking services. Through its over 10 branch offices located in Bowling Green, Columbus Grove, Delaware, Delphos, Findlay, Gibsonburg, Kalida, Leipsic, Lima, Marion, Ottawa, and Pemberville, Ohio, the Company serves the Ohio counties of Allen, Delaware, Hancock, Marion, Putnam, Sandusky, Van Wert and Wood. The Bank’s total loan portfolio was approximately $354.6 million.
