Brief: First Us Bancshares Announces Branch Closures At Acceptance Loan Company Subsidiary

First US Bancshares

03/09/2021 22:17

Sept 3 (Reuters) - First US Bancshares Inc  FUSB.O :
    * FIRST US BANCSHARES, INC. ANNOUNCES BRANCH CLOSURES AT
ACCEPTANCE LOAN COMPANY SUBSIDIARY
    * FIRST US BANCSHARES - ACCEPTANCE LOAN CO TO CEASE NEW
BUSINESS
DEVELOPMENT, PERMANENTLY CLOSE 20 BRANCH LENDING LOCATIONS IN
ALABAMA, MISSISSIPPI
    * FIRST US BANCSHARES - CLOSURE OF ALC'S BRANCHES WILL
ELIMINATE
56 FULL-TIME EMPLOYMENT POSITIONS DURING Q3 OF 2021
    * FIRST US BANCSHARES INC - CURRENTLY EXPECTS CLOSURE OF ALC
TO
OCCUR BY END OF 2023
    * FIRST US BANCSHARES - IN CONNECTION WITH ALC BRANCH
CLOSURES,
EXPECTS TO RECORD PRE-TAX CHARGES OF ABOUT $1.2 MILLION IN Q3
2021

Source text for Eikon:  ID:nGNX4ldMbD 
Further company coverage:  FUSB.O