Last updated: November 26. 2013 6:42PM - 1447 Views

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COLUMBUS GROVE — United Bancshares Inc. has announced its board of directors has authorized the repurchase of up to 97,942 of its outstanding shares of common stock.

United Bancshares Inc. is a locally owned and operating holding company of The Union Bank Co.

As of Sept. 30, the company had 3.4 million shares of common stock outstanding.

“We believe a stock repurchase program is consistent with our capital management strategy and is an efficient tool to enhance long-term shareholder value,” company President and CEO Brian D. Young said.

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