0001157523-16-004986.txt : 20160324 0001157523-16-004986.hdr.sgml : 20160324 20160324161027 ACCESSION NUMBER: 0001157523-16-004986 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160324 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160324 DATE AS OF CHANGE: 20160324 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED SECURITY BANCSHARES INC CENTRAL INDEX KEY: 0000717806 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 630843362 STATE OF INCORPORATION: DE FISCAL YEAR END: 0223 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14549 FILM NUMBER: 161527176 BUSINESS ADDRESS: STREET 1: P O BOX 249 STREET 2: 131 WEST FRONT STREET CITY: THOMASVILLE STATE: AL ZIP: 36784 BUSINESS PHONE: 3346365424 MAIL ADDRESS: STREET 1: P O BOX 249 STREET 2: 131 WEST FRONT STREET CITY: THOMASVILLE STATE: AL ZIP: 36784 8-K 1 a51307482.htm UNITED SECURITY BANCSHARES, INC. 8-K


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported):  March 24, 2016


United Security Bancshares, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware

0-14549

63-0843362

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)


131 West Front Street
Post Office Box 249
Thomasville, Alabama 36784
(Address of Principal Executive Offices, including Zip Code)

Registrant’s telephone number, including area code: (334) 636-5424

N/A
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 8.01.        Other Events.

          On March 24, 2016, First US Bank (“FUSB”), the wholly owned banking subsidiary of United Security Bancshares, Inc. (the “Company”), issued a press release announcing the opening of a FUSB loan production office in Birmingham, Alabama.  A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01.        Financial Statements and Exhibits.

(d)

Exhibits

 
 

Exhibit Number

Exhibit

 
99.1 Press Release dated March 24, 2016



Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements, as defined by federal securities laws.  Statements contained in this report 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 report, 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 report 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 the opening of a FUSB loan production office in Birmingham, Alabama, these factors include, but are not limited to, the Company’s ability to successfully open and operate a loan production office and the execution of the Company’s growth strategy in the Birmingham, Alabama market.  There can be no assurance that such factors or other factors will not affect the accuracy of such forward-looking statements.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: March 24, 2016

UNITED SECURITY BANCSHARES, INC.

 

By:

/s/ Beverly J. Dozier

 

Name:

Beverly J. Dozier

Vice President, Secretary and Assistant Treasurer

EX-99.1 2 a51307482-ex991.htm EXHIBIT 99.1

Exhibit 99.1

First US Bank Loan Production Office to Open in Birmingham

BIRMINGHAM, Ala.--(BUSINESS WIRE)--March 24, 2016--First US Bank (the “Bank” or “FUSB”) today announced that it will open its first commercial loan production office (“LPO”) in the Birmingham market on April 4. The new LPO will be located at 300 Office Park Drive, Suite 175, off of U.S. Highway 280 in Mountain Brook. This location will serve as the Bank’s 21st office statewide. The Office Park location will be home to the Birmingham commercial lending team as well as several members of the Bank’s executive team, a number of whom reside in Birmingham. This announcement follows recent filings by United Security Bancshares, Inc. (“USBI”), the Bank’s parent company, with the Securities and Exchange Commission (“SEC”) highlighting the Bank’s election to proceed to closing on the purchase of nearly three acres located along U.S. Highway 280 in Unincorporated Jefferson County. “We are pleased to add an office in the Birmingham Metro Area as our 21st location,” commented President and CEO James F. House.

“Our Birmingham commercial team members, previously conducting business from other Bank locations, will make the Office Park location their new home as they seek to increase the First US Bank footprint in the metro area. We are committed to exceeding the expectations of our customers and believe that this new office location will significantly increase the level of service to our commercial customers,” House said.

J. Samuel Henderson, III recently joined the FUSB team and serves as the Executive Vice President for the Birmingham market. “I am looking forward to opening our new LPO in Birmingham,” Henderson said. “Our team is eager to meet the banking needs of this growing community, and we want to continue building long-term relationships.”


In addition to House and Henderson, the executive team that will be housed at the new location will include Executive Vice President and Chief Financial Officer, Thomas S. Elley, and Executive Vice President and Chief Credit Officer, Anthony G. Cashio. “We are all excited about our new location in the Birmingham Metro Area,” Cashio said. “This has been a goal of ours for several years, and it is now a reality. We are looking forward to better serving our existing Birmingham customers and the opportunity to expand our customer base with the addition of this new office.”

Established in 1952, First US Bank will continue to serve its customers through its 21 offices located in Brent, Butler, Calera, Centreville, Coffeeville, Columbiana, Fulton, Gilbertown, Grove Hill, Harpersville, Jackson, McCalla, Thomasville, Taylorville, Tuscaloosa, Woodstock, and now Birmingham. In October 2015, the Bank opened its 20th location at 2619 University Boulevard in downtown Tuscaloosa where a commercial lending team is located for the Tuscaloosa market. The Bank holds more than $570 million in assets, is a member of the Federal Deposit Insurance Corporation, and is an Equal Opportunity Lender. For more information, contact us at the Bank’s website, www.firstusbank.com, or by mail to First US Bank, P. O. Box 249, Thomasville, AL 36784. USBI files periodic reports with the SEC. Copies of its filings may be obtained through the SEC’s website at www.sec.gov or www.firstusbank.com.

CONTACT:
First US Bank
J. Samuel Henderson, III
EVP Birmingham Market Executive
shenderson@firstusbank.com