First US Bancshares, Inc.
First US Bancshares, Inc. operates through a single banking subsidiary, First US Bank, an Alabama state-chartered banking corporation. First US Bank provides commercial and retail banking services – including demand and savings deposits, and personal and commercial loans – through 15 full-service offices in Alabama, Tennessee and Virginia, supported by loan production offices near Mobile, Alabama and in the Chattanooga, Tennessee area. The Bank also originates indirect consumer loans through third-party retailers in 17 states, serving small and medium-sized businesses, property managers, business executives, professionals and individual customers.
In 2023, First US Bancshares, Inc. dissolved two subsidiaries, Acceptance Loan Company and FUSB Reinsurance, Inc., transferring their assets and liabilities to First US Bank before year-end. For the year ended December 31, 2025, the company reported consolidated total assets of approximately $1.15 billion and consolidated net income of $6.0 million, or $1.00 per diluted share, compared with net income of $8.2 million, or $1.33 per diluted share, for 2024. As of its most recent Form 10-K, First US Bank reported 152 full-time-equivalent employees; First US Bancshares, Inc. itself has no employees other than its executive officers.
Registration details
Company overview
First US Bancshares, Inc. is a Delaware corporation and a registered bank holding company, incorporated in 1983 under the Bank Holding Company Act of 1956. The company files periodic reports with the U.S. Securities and Exchange Commission under Commission File No. 000-14549, and its common stock trades on the Nasdaq Stock Market under the ticker symbol FUSB. Its principal executive offices are at 3291 U.S. Highway 280, Birmingham, Alabama 35243, following the September 2017 relocation of its headquarters, and that of its banking subsidiary, to Birmingham from Mount Vernon, Alabama.
Officers
9
Directors and officers of First US Bancshares, Inc.
First US Bancshares, Inc.’s Form DEF 14A proxy statement, filed 18 March 2026 for its 30 April 2026 Annual Meeting, discloses twelve director nominees: James F. House (Chairperson, President and Chief Executive Officer, director since 2011), Robert Stephen Briggs (Vice Chairperson and Lead Independent Director, since 2014), Robert C. Field (since 2024), S. Nathan Gordon (since 2025), David P. Hale (since 2017), Marlene M. McCain (since 2021), J. Lee McPhearson (since 2009), Jack W. Meigs (since 1997), Aubrey S. Miller (since 2014), Staci M. Pierce (since 2024), Tracy E. Thompson (since 2024) and Bruce N. Wilson (since 1997). Named executive officers are James F. House (President and Chief Executive Officer of the Company and the Bank), Thomas S. Elley (Senior Executive Vice President, Chief Financial Officer, Treasurer and Assistant Secretary) and William C. Mitchell (Senior Executive Vice President, Consumer Lending of the Bank); the company’s prior (27 March 2025) proxy statement additionally identified Eric H. Mabowitz as Senior Executive Vice President and Chief Risk Officer and Beverly J. Dozier as Senior Vice President and Corporate Secretary. As a US SEC filer, First US Bancshares, Inc. is not required to, and does not, disclose its directors’ or officers’ nationality or country of residence.
Recent officer changes
- S. Nathan Gordon appointed to the Board of Directors, effective 2025 (source: First US Bancshares, Inc. Form DEF 14A, filed 18 March 2026).
Data availability
Classification: Partial. SEC proxy statements disclose current directors, named executive officers and their appointment years, but US disclosure rules do not require reporting of nationality, country of residence, or a complete history of resigned officers.
Sources
- SEC EDGAR – First US Bancshares, Inc. Form DEF 14A, filed 18 March 2026 (sec.gov/Archives/edgar/data/717806/000119312526112728/d436874ddef14a.htm)
- SEC EDGAR – First US Bancshares, Inc. Form DEF 14A, filed 27 March 2025 (sec.gov/Archives/edgar/data/717806/000119312525064712/d924736ddef14a.htm)
Registry feed — rows exactly as filed with Alabama Secretary of State, including entries the profile above does not cover.
Group Structure
Group structure of First US Bancshares, Inc.
First US Bancshares, Inc. is an independent, Nasdaq-listed bank holding company; no corporate parent has been identified in SEC filings. Its largest disclosed shareholders – an investment group led by Jeffrey L. Gendell’s Tontine Financial Partners, L.P. (6.32% as of 1 November 2024) and, until August 2026, a group of Anderson family members and Anderson CBP LLC – hold minority stakes that do not constitute verified corporate control. First US Bancshares, Inc.’s Form 10-K for the year ended 31 December 2025 confirms one wholly owned direct subsidiary, First US Bank, an Alabama state-chartered banking corporation. Two further subsidiaries, Acceptance Loan Company and FUSB Reinsurance, Inc., were legally dissolved in 2023, with their assets and liabilities transferred to First US Bank prior to year-end. No indirect subsidiaries of First US Bank were identified in the filings reviewed.
Verified corporate relationships
Swipe or scroll for more columns
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| First US Bank | US (Alabama) | Not disclosed | Direct subsidiary | 100% (wholly owned, per Form 10-K) | Active | FY2025 Form 10-K |
| Acceptance Loan Company | US (Alabama) | Not disclosed | Historical direct subsidiary | Ownership percentage not disclosed | Dissolved (2023) | FY2023 Form 10-K |
| FUSB Reinsurance, Inc. | US | Not disclosed | Historical direct subsidiary | Ownership percentage not disclosed | Dissolved (2023) | FY2023 Form 10-K |
Recent structural changes
- Acceptance Loan Company dissolved, with its assets and liabilities transferred to First US Bank prior to year-end 2023 (source: First US Bancshares, Inc. Form 10-K).
- FUSB Reinsurance, Inc. dissolved, with its assets and liabilities transferred to First US Bank prior to year-end 2023 (source: First US Bancshares, Inc. Form 10-K).
Data availability
Classification: Full. The company’s ownership structure – independent, with one confirmed wholly owned banking subsidiary and two historical subsidiaries dissolved in 2023 – is documented in SEC filings; registration numbers for wholly owned US subsidiaries are not separately disclosed.
Sources
- SEC EDGAR – First US Bancshares, Inc. Form 10-K for fiscal year 2025, filed 2026 (sec.gov/Archives/edgar/data/717806/000119312526103635/fusb-20251231.htm)
- SEC EDGAR – First US Bancshares, Inc. Form 10-K for fiscal year 2024, filed 2025 (sec.gov/Archives/edgar/data/717806/000095017025039251/fusb-20241231.htm)
First US Bancshares, Inc.
United States
Frequently asked questions
What does First US Bancshares, Inc. do?
First US Bancshares, Inc. is a Delaware corporation and bank holding company, incorporated in 1983, headquartered at 3291 U.S. Highway 280, Birmingham, Alabama; its sole banking subsidiary, First US Bank, provides commercial and retail banking services through 15 offices in Alabama, Tennessee and Virginia.
Who owns First US Bancshares, Inc.?
SEC filings disclose only 5%-or-greater shareholders: as of 1 November 2024, Tontine Financial Partners, L.P., Tontine Management, L.L.C. and Jeffrey L. Gendell held 6.32% of common stock; a separate Anderson family reporting group held over 5% until its combined holdings fell to 4.2% following an August 2026 share sale and the death of Charles C. Anderson.
Who is First US Bancshares, Inc.'s UBO (Ultimate Beneficial Owner)?
Every shareholder recorded for First US Bancshares, Inc. is itself a company rather than a natural person, so no Ultimate Beneficial Owner (UBO) is identified at this level; establishing one would require tracing the ownership of each shareholding company in turn.
What is First US Bancshares, Inc.'s company registration number?
First US Bancshares, Inc.'s registration number is 000-914-281, filed with Alabama Secretary of State in United States. Its current status on the register is active.
Is First US Bancshares, Inc. still an active company?
First US Bancshares, Inc.'s status on Alabama Secretary of State is listed as active.
When was First US Bancshares, Inc. incorporated?
First US Bancshares, Inc. was incorporated on 4 June 1999, according to Alabama Secretary of State.
What is First US Bancshares, Inc.'s registered address?
The registered address on file for First US Bancshares, Inc. is United States.
What is First US Bancshares, Inc.'s revenue?
For the year ended December 31, 2025, First US Bancshares, Inc. reported consolidated total assets of approximately $1.15 billion and consolidated net income of $6.0 million ($1.00 per diluted share), down from $8.2 million ($1.33 per diluted share) in 2024.
Is First US Bancshares, Inc. listed on a stock exchange?
First US Bancshares, Inc.'s common stock trades on the Nasdaq Stock Market under the ticker symbol FUSB (SEC Commission File No. 000-14549).
Who are the officers/directors of First US Bancshares, Inc.?
First US Bancshares, Inc.'s March 2026 proxy statement discloses twelve director nominees led by Chairperson, President and CEO James F. House, and names James F. House, CFO Thomas S. Elley and SEVP William C. Mitchell as its named executive officers.
Does First US Bancshares, Inc. have a parent company or subsidiaries?
First US Bancshares, Inc. is an independent, Nasdaq-listed bank holding company with one confirmed wholly owned subsidiary, First US Bank; no corporate parent has been identified, and two former subsidiaries, Acceptance Loan Company and FUSB Reinsurance, Inc., were dissolved into the Bank in 2023.
Can Zavia monitor changes to First US Bancshares, Inc.'s ownership over time?
This profile reflects a point-in-time snapshot from Alabama Secretary of State. Zavia's monitoring API can track changes to First US Bancshares, Inc.'s registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access First US Bancshares, Inc.'s data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including United States, so records like First US Bancshares, Inc.'s registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Alabama Secretary of State and was last synced on 25 September 2026.