0000950159-12-000193.txt : 20120330 0000950159-12-000193.hdr.sgml : 20120330 20120330160330 ACCESSION NUMBER: 0000950159-12-000193 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120330 DATE AS OF CHANGE: 20120330 EFFECTIVENESS DATE: 20120330 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED BANCSHARES INC /PA CENTRAL INDEX KEY: 0000944792 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 232802415 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25976 FILM NUMBER: 12729148 BUSINESS ADDRESS: STREET 1: 30 S. 15TH STREET STREET 2: SUITE 1200 CITY: PHILADELPHIA STATE: PA ZIP: 19102 BUSINESS PHONE: 2153514600 MAIL ADDRESS: STREET 1: 30 S 15TH STREET STREET 2: SUITE 1200 CITY: PHILADELPHIA STATE: PA ZIP: 19102 NT 10-K 1 unitedbancsharesform12b25.htm UNITED BANCSHARES, INC. FORM 12B-25 unitedbancsharesform12b25.htm
 
 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 12b-25
 
NOTIFICATION OF LATE FILING
 

0-25976
(Commission File Number)

x     Form 10-K     o     Form 11-K   oForm 10-Q o     Form 20-F      o     Form N-SAR

 
For Period Ended:  December 31, 2011

o
Transition Report on Form 10-K
o
Transition Report on Form 11-K
o
Transition Report on Form 10-Q
o
Transition Report on Form 20-F
o
Transition Report on N-SAR
   
For the Transition Period Ended:______________
 
 


PART I-   REGISTRANT INFORMATION

UNITED BANCSHARES, INC.
(Full name of Registrant)
 
30 S. 15th Street, Suite 1200
(Address of principal executive offices) (Street and Number)

  Philadelphia, PA 19102
(City, State and Zip Code)

N/A
(Former name or former address, if changed since last report.)
 
 
 
PART II – RULES 12b-25(b) and (c)
 
 
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed.  (Check box if appropriate)
 
o
(a)  The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
x
(b)  The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
o
(c)  The accountant’s statement or other exhibit required by Rule 12b-25© has been attached it applicable.
 
 
 
 
 
 
 
 
 
 
 PART III – NARRATIVE
 
 
State below in reasonable detail the reasons why the Form 10-K and Form 10-KSB, 11-K, 20-F, 10-Q, N-SAR, or other transition report or portion thereof, could not be filed within the prescribed period.
 
The registrant is unable to file the subject Form 10-K in a timely manner because its subsidiary, United Bank of Philadelphia, entered into Consent Orders (“Orders”) with its banking regulators on January 31, 2012, that included a number of requirements with specified due dates.  Management has devoted substantial time to the bank regulatory issues.  As a result of the Orders and related subsequent events, further review and analysis is required in order to make meaningful and accurate disclosures.
 
PART IV – OTHER INFORMATION
 
 
 
(1)
Name and telephone number of person to contact in regard to this notification
 
Brenda Hudson-Nelson
      215
       231-3690
(Name)
(Area Code)
(Telephone Number)

(2)  Have all other periodic reports required under Section 13 or 15 (d) of the Securities and Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months (or for shorter period that the registrant was required to file such reports), been filed? If answer is no, identify reports (s). x    Yes  o    No

(3)  Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statement to be included in the subject report or portion thereof? ). o   Yes  x    No

If so, attach an explanation of the anticipated change, both narratively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.


UNITED BANCSHARES, INC.
(Name of Registrant as Specified in Charter)


       has caused this notification to be signed in its behalf by the undersigned hereunto duly authorized.

 
Date:  March 30, 2012
By:  /s/  Evelyn F. Smalls
 
Name:  Evelyn F. Smalls
 
Title:  President and CEO