First US Bancshares Inc

-0.25 (-2.38%)
Layoffs, Products, Expansion

First Us Bancshares Announces Branch Closures At Acceptance Loan Company Subsidiary

Published: 09/03/2021 21:22 GMT
First US Bancshares Inc (FUSB) - 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.