FIRST US BANCSHARES, INC. DECLARE A CASH DIVIDEND

BIRMINGHAM, AL, Feb. 23 10, 2022 (GLOBE NEWSWIRE) — First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”) today announced that the Company’s Board of Directors has declared a cash dividend of $0.03 per action. The dividend is payable on April 1, 2022 to shareholders of record at the close of business on March 10, 2022.

“We are pleased to announce a dividend for the thirty-first consecutive quarter,” said James F. House, President and Chief Executive Officer of the Company. “We will continue to assess any future dividend payments to ensure they are consistent with our commitment to maintaining our strong capital base,” Mr. House concluded.

On First United States 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”). In addition, the Company’s businesses include Acceptance Loan Company, Inc., a consumer lending company (“ALC”), and FUSB Reinsurance, Inc., an underwriter of life insurance policies and insurance against accidents and credit health sold to consumers from the Bank and ALC. lending customers. The Company files periodic reports with the United States Securities and Exchange Commission (the “SEC”). Copies of its filings may be obtained from the SEC’s website at www.sec.gov or www.firstusbank.com. Further information about the Company and the Bank can be obtained at www.firstusbank.com. The Company’s shares are traded on the Nasdaq Capital Market under the symbol “FUSB”.

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 matters involving significant risks, uncertainties, estimates and assumptions made by management. The Company undertakes no obligation to update these statements after the date of this press release, except as required by law. In addition, the Company, through its senior management, may from time to time make forward-looking public statements regarding the matters described herein. These forward-looking statements are necessarily estimates reflecting the best judgment of the Company’s senior management based on current information and involve a number of risks and uncertainties. Certain factors that could affect the accuracy of these forward-looking statements are identified in the Company’s public filings with the SEC, and the forward-looking statements contained in this press release or in other public statements by the Company or its senior management should be considered in light of these factors. Specifically, with respect to statements relating to the adequacy of loan and lease loss provision, loan demand, cash flow, interest expense, growth and earnings potential, expansion and position of the Company to meet the challenges presented by COVID-19, these factors include, but are not limited to, the rate of growth (or lack thereof) of the general economy and the Companyservice areas; market conditions and investment returns; changes in interest rates; the impact of the current COVID-19 pandemic on the Company’s business, the Company’s customers, the communities the Company serves and the United States economy, including the impact of actions taken by authorities to attempt to contain the virus and protect against it, through vaccinations and otherwise, or to address the impact of the virus on the United States economy (including, but not limited to, the CARES Act (Coronavirus Aid, Relief and Economic Security) and subsequent federal legislation) and the resulting effect on the operations, liquidity and capital position and on the financial condition of the Company’s borrowers and other customers; the impending abandonment of LIBOR as the benchmark interest rate; the availability of quality loans in Companyservice areas; the relative strength and weakness of the consumer and commercial credit sectors and the real estate markets; collateral values; cybersecurity threats; and risks related to the Paycheck Protection Program. There can be no assurance that these or other factors will not affect the accuracy of these forward-looking statements.

CONTACT: Contact: Thomas S. Elley (205) 582-1200