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 |
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Exhibit Number |
Exhibit |
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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 |
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