United Bancshares Inc., a holding company for The Union Bank Company, has announced its board of
directors has authorized the repurchase of up to 97,942 of its outstanding shares of common stock.The stock
repurchases will be made through a market maker in the company’s stock and in accordance with Rule 10b-18 of
the regulations issued under the Securities and Exchange Act of 1934.“We continue to proactively manage the
company’s capital position,” said President and CEO Brian D. Young. We believe a stock repurchase program is
consistent with out capital management strategy and is an efficient tool to enhance long-term shareholder
value.”As of Sept. 30, the company had 3,447,051 shares of common stock outstanding.Union Bank has offices
in Bowling Green, Columbus Grove, Delphos, Findlay, Gibsonburg, Kalida, Leipsic, Lima, Ottawa and
Pemberville.