First US Bank Names J. Samuel Henderson, III as Executive Vice President, Birmingham Market Executive
January 20 2016 - 4:05PM
Business Wire
First US Bank (“FUSB” or the “Bank”), the wholly owned banking
subsidiary of United Security Bancshares, Inc. (“USBI” or the
“Company”) (Nasdaq: USBI), announced today that J. Samuel
Henderson, III has joined the Bank as Executive Vice President,
Birmingham Market Executive.
Henderson has extensive experience in the financial and banking
industries. He most recently held the position of Senior Vice
President, Birmingham Area Executive, and State Commercial and
Industrial Banking Executive with USAmeriBank in Birmingham. Prior
to joining USAmeriBank, Henderson worked for Sterne Agee Group,
Inc. in Birmingham as its Senior Vice President, Correspondent
Banking and Industrial Bank De novo Team, and also served as
President and CEO of The Trust Company of Sterne Agee, Inc.
Henderson has worked in various other capacities over the years and
has significant experience with commercial and industrial lending,
retail banking, commercial real estate lending, mortgage lending,
treasury management, risk management, and strategic planning, as
well as experience creating and managing lending teams.
Commenting on Henderson’s appointment, James F. House, President
and Chief Executive Officer of USBI and FUSB, said, “I am pleased
to have Sam join our staff and team in the position of Executive
Vice President, Birmingham Market Executive. He has a strong
background in commercial and industrial lending, loan growth, and
sales, and he has extensive business relationships from his many
years in the financial and banking industries, which will be
beneficial to the Bank in the greater Birmingham area. We look
forward to his leadership as we continue to focus on growth and
improvement of asset quality in an effort to increase earnings and
move the Bank forward.”
“We at First US Bank believe that we have the correct strategy
to grow and become a relevant financial institution in the greater
Birmingham area,” stated Henderson. “I look forward to working with
the Bank as we continue to strengthen our presence and grow in
Alabama.”
Henderson received a Bachelor’s Degree in Business
Administration from the University of South Carolina and also
graduated from the LSU Graduate School of Banking. Henderson and
his wife reside in Birmingham and have three children.
About United Security Bancshares, Inc.
United Security Bancshares, Inc. is a bank holding company that
operates twenty banking offices in Alabama through First US Bank,
which was established in 1952. In addition, the Company’s
operations include Acceptance Loan Company, Inc., a consumer loan
company (“ALC”), and FUSB Reinsurance, Inc., an underwriter of
credit life and credit accident and health insurance policies sold
to the Bank’s and ALC’s consumer loan customers. The Company’s
stock is traded on the Nasdaq Capital Market under the symbol
“USBI.”
Forward-Looking Statements
This press release contains forward-looking statements, as
defined by federal securities laws. Statements contained in this
press release that are not historical facts are forward-looking
statements. These statements may address issues that involve
significant risks, uncertainties, estimates and assumptions made by
management. USBI undertakes no obligation to update these
statements following the date of this press release, except as
required by law. In addition, USBI, through its senior management,
may make from time to time forward-looking public statements
concerning the matters described herein. Such forward-looking
statements are necessarily estimates reflecting the best judgment
of USBI’s senior management based upon current information and
involve a number of risks and uncertainties. Certain factors that
could affect the accuracy of such forward-looking statements are
identified in the public filings made by USBI with the Securities
and Exchange Commission, and forward-looking statements contained
in this press release or in other public statements of USBI or its
senior management should be considered in light of those factors.
Specifically, with respect to statements relating to loan demand,
growth and earnings potential, geographic expansion, and the
adequacy of the allowance for loan losses for USBI, these factors
include, but are not limited to, the rate of growth (or lack
thereof) in the economy generally and in the Bank’s and ALC’s
service areas, the availability of quality loans in the Bank’s and
ALC’s service areas, and, the relative strength and weakness in the
consumer and commercial credit sectors and in the real estate
markets and collateral values. There can be no assurance that such
factors or other factors will not affect the accuracy of such
forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20160120006358/en/
United Security Bancshares, Inc.Tom Elley, 334-636-5424
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