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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Wed., Apr. 25, 8:02 PM

Slide #64. First US Bancshares, Inc The Peoples Bank

Acquirer: First US Bancshares, Inc (NASDAQ:FUSB)
Acquiree: The Peoples Bank
Details: First US Bancshares, Inc. (Nasdaq: FUSB) (the "Company") announced today that it has entered into a definitive agreement to acquire The Peoples Bank, headquartered in Rose Hill, Virginia. Under the terms of the agreement, the Company will acquire all of the outstanding capital stock of The Peoples Bank and then merge The Peoples Bank with and into its wholly owned subsidiary, First US Bank (the "Bank"). The transaction is expected to result in a combined institution approaching $800 million in assets.

First US Bancshares is a bank holding company. Through its First US Bank (the Bank) subsidiary, 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 has two subsidiaries: Acceptance Loan Company, Inc., which is engaged in making and purchasing consumer loans; and FUSB Reinsurance, Inc., which underwrites credit life and credit accident and health insurance policies sold to the consumer loan customers. As of Dec 31 2017, Co. had total assets of $625.6 million and total deposits of $517.1 million.

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Company Name:  First US Bancshares Inc
Stock buyback:  FUSB buyback
Website:  www.firstusbank.com
Sector:  Banking & Savings
Number of ETFs Holding FUSB:  5
Total Market Value Held by ETFs:  $428931
Total Market Capitalization:  $71.00M
% of Market Cap. Held by ETFs:  0.60%
 

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April 25, 2018    8:02 PM Eastern
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