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FIRST US BANCSHARES, INC. ELECTS NEW DIRECTOR

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First US Bancshares, Inc. (Nasdaq: FUSB) has elected Robert C. Field as a new director of the company and its subsidiary, First US Bank. Mr. Field, a partner with over 35 years of experience at the Welden-Field group, will serve on the Audit Committee and the Asset/Liability Committee. His expertise spans real estate development, mortgage banking, and alternative investments. Mr. Field's background includes significant experience in multifamily investment, Low Income Housing Tax Credits, and FHA multifamily operations. He also has a history in banking, having been involved in the operation and sale of financial institutions. Mr. Field's appointment brings valuable industry knowledge and leadership to First US Bancshares' board.

First US Bancshares, Inc. (Nasdaq: FUSB) ha eletto Robert C. Field come nuovo direttore dell’azienda e della sua filiale, First US Bank. Il signor Field, un partner con oltre 35 anni di esperienza nel gruppo Welden-Field, farà parte del Comitato di Audit e del Comitato Attivo/Passivo. La sua esperienza comprende sviluppo immobiliare, bancassicurazione ipotecaria e investimenti alternativi. Il background del signor Field include una significativa esperienza negli investimenti multifamiliari, Crediti d'Imposta per l'Alloggio a Basso Reddito e operazioni multifamiliari FHA. Ha anche una storia nel settore bancario, avendo partecipato all'operazione e alla vendita di istituzioni finanziarie. La nomina del signor Field porta nel consiglio di amministrazione di First US Bancshares un prezioso bagaglio di conoscenze e leadership nel settore.

First US Bancshares, Inc. (Nasdaq: FUSB) ha elegido a Robert C. Field como nuevo director de la empresa y de su filial, First US Bank. El Sr. Field, un socio con más de 35 años de experiencia en el grupo Welden-Field, formará parte del Comité de Auditoría y del Comité de Activos/Pasivos. Su experiencia abarca desarrollo inmobiliario, banca hipotecaria e inversiones alternativas. El Sr. Field tiene una amplia experiencia en inversión multifamiliar, Créditos fiscales para vivienda de bajos ingresos y operaciones multifamiliares de FHA. También tiene un historial en la banca, habiendo participado en la operación y venta de instituciones financieras. La designación del Sr. Field aporta un valioso conocimiento de la industria y liderazgo a la junta de First US Bancshares.

First US Bancshares, Inc. (Nasdaq: FUSB)는 로버트 C. 필드를 회사의 새로운 이사로 선임했습니다. 필드 씨는 Welden-Field 그룹에서 35년 이상의 경력을 가진 파트너로, 감사위원회와 자산/부채위원회에서 근무할 예정입니다. 그의 전문 분야는 부동산 개발, 모기지 은행 및 대체 투자입니다. 필드 씨의 경력에는 다세대 투자, 저소득 주택 세금 공제 및 FHA 다세대 운영에 대한 상당한 경험이 포함됩니다. 그는 또한 금융 기관의 운영 및 판매에 참여한 은행업계 경력이 있습니다. 필드 씨의 임명은 First US Bancshares 이사회에 소중한 산업 지식과 리더십을 제공합니다.

First US Bancshares, Inc. (Nasdaq: FUSB) a élu Robert C. Field en tant que nouveau directeur de l'entreprise et de sa filiale, First US Bank. M. Field, un partenaire avec plus de 35 ans d'expérience au sein du groupe Welden-Field, fera partie du Comité d'audit et du Comité des actifs et des passifs. Son expertise couvre le développement immobilier, la banque hypothécaire et les investissements alternatifs. Le parcours de M. Field inclut une expérience significative dans l'investissement multifamilial, les crédits d'impôt pour le logement à faible revenu et les opérations multifamiliales FHA. Il a également une expérience dans le secteur bancaire, ayant été impliqué dans l'opération et la vente d'institutions financières. La nomination de M. Field apporte des connaissances précieuses de l'industrie et du leadership au conseil d'administration de First US Bancshares.

First US Bancshares, Inc. (Nasdaq: FUSB) hat Robert C. Field zum neuen Direktor des Unternehmens und seiner Tochtergesellschaft, der First US Bank, gewählt. Herr Field, ein Partner mit über 35 Jahren Erfahrung in der Welden-Field-Gruppe, wird im Prüfungsausschuss und im Ausschuss für Vermögenswerte/Verbindlichkeiten tätig sein. Sein Fachwissen erstreckt sich über Immobilienentwicklung, Hypothekenbanken und alternative Investitionen. Herr Fields Hintergrund umfasst umfangreiche Erfahrungen in multifamily investments, Low Income Housing Tax Credits und FHA multifamily operations. Er hat auch eine Geschichte im Bankwesen, da er in die Operation und den Verkauf von Finanzinstituten involviert war. Die Ernennung von Herrn Field bringt wertvolles Branchenwissen und Führungskompetenz in den Vorstand von First US Bancshares.

Positive
  • Addition of an experienced director with over 35 years in real estate and finance
  • New director brings expertise in mortgage banking and alternative investments
  • Strengthening of the Audit and Asset/Liability Committees with relevant industry experience
Negative
  • None.

BIRMINGHAM, Ala., July 24, 2024 /PRNewswire/ -- First US Bancshares, Inc. (the "Company") (Nasdaq: FUSB) announced today that the Company's Board of Directors has elected Robert C. Field as a director of the Company and its subsidiary, First US Bank (the "Bank"), effective immediately. Mr. Field will serve on the Audit Committee of the Board of Directors of the Company and the Asset/Liability Committee of the Board of Directors of the Bank.

Mr. Field graduated Magna Cum Laude from the University of Alabama and holds a Bachelor of Science Degree in Commerce and Business Administration.

Mr. Field is a partner, with more than 35 years of experience, with the Welden-Field group of companies which specializes in real estate development, mortgage banking, property management, alternative investments, and formerly banking (now sold). Mr. Field's current direct work focus includes multifamily investment, mortgage banking, alternative assets, and administration. Welden-Field's home offices are in Birmingham, Alabama, and most operations are in the southeastern United States. The primary focus is real estate; however, Welden-Field Companies, through Birmingham BAM (Business as Missions), have made investments in Eastern Europe, Central Asia, and certain parts of Africa.

Mr. Field currently serves as Chairman of The General Retirement System for Employees of Jefferson County and is also on the advisory board of Boyd Watterson, which specializes in mission critical properties leased to various agencies.

Previously, Mr. Field was involved with the development of Low Income Housing Tax Credits; the operation, asset sale and delivery of assets of Highland Mortgage Company (FHA multifamily) to a division of GMAC (General Motors Acceptance Corporation); the operation and sale of Corinthian Mortgage Corporation/South Bank FSB; as well as the formation of Commonwealth Savingshares Corporation (holding company).

Earlier in his career, Mr. Field was employed in the Washington, D.C. office of Arthur Andersen & Company as a Certified Public Accountant specializing in early-stage growth companies and defense contractors.

Mr. Field also served as the Chairman of the Eye Sight Foundation of Alabama as well as the Finance Chair of the Alabama Eye Bank. He serves on the Board of Directors of Red Wolf Lodge, is a member of OLS Catholic Church, and is actively involved with his family.

About First US Bancshares, Inc.

First US Bancshares, Inc. is a bank holding company that operates banking offices in Alabama, Tennessee, and Virginia through First US Bank (the "Bank"). The Company's stock is traded on the Nasdaq Capital Market under the symbol "FUSB."

James F. House
205-582-1200

Cision View original content:https://www.prnewswire.com/news-releases/first-us-bancshares-inc-elects-new-director-302204986.html

SOURCE First US Bancshares, Inc.

FAQ

Who is the new director elected to First US Bancshares (FUSB) board?

Robert C. Field has been elected as a new director of First US Bancshares, Inc. (Nasdaq: FUSB) and its subsidiary, First US Bank.

What committees will Robert C. Field serve on at First US Bancshares (FUSB)?

Robert C. Field will serve on the Audit Committee of the Board of Directors of First US Bancshares (FUSB) and the Asset/Liability Committee of the Board of Directors of First US Bank.

What is Robert C. Field's professional background before joining First US Bancshares (FUSB)?

Robert C. Field is a partner with over 35 years of experience at the Welden-Field group, specializing in real estate development, mortgage banking, property management, and alternative investments. He has also been involved in banking operations and sales.

What educational background does the new First US Bancshares (FUSB) director have?

Robert C. Field graduated Magna Cum Laude from the University of Alabama with a Bachelor of Science Degree in Commerce and Business Administration.

First US Bancshares, Inc.

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