Birmingham, Ala. and Rose Hill, Va., April 17, 2018 (GLOBE NEWSWIRE) — 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, Inc. to Acquire The Peoples Bank
by GlobeNewsWire | Apr 17, 2018 | Globe Newswire