BIRMINGHAM, Ala., Nov. 20,
2024 /PRNewswire/ -- First US Bancshares, Inc. (the
"Company") (Nasdaq: FUSB) announced today that the Company's Board
of Directors has elected Staci M.
Pierce, J. D. and Tracy E.
Thompson as directors of the Company and its subsidiary,
First US Bank (the "Bank"), effective immediately. Ms. Pierce
will serve on the Compensation Committee of the Board of Directors
of the Company and the Directors' Loan Committee of the Board of
Directors of the Bank (the "Bank Board"). Mr. Thompson will
serve on the Directors' Loan Committee and the newly-created
Tennessee New Business Committee of the Bank Board.
Ms. Pierce graduated Summa Cum Laude from Birmingham Southern College with a Bachelor of
Science Degree in Computer Science and Minor in Math and holds a
Master of Business Administration Degree from the University of
Alabama. She received her Juris Doctor Degree from the
Cumberland School of Law at Samford
University in Birmingham
and was admitted to the Bar in Alabama in 2010 and Missouri in 2011.
Ms. Pierce currently is the Chief Executive Officer of Action
Enterprise Holdings, LLC, a transportation and environmental
services company headquartered in Birmingham. She has over
eight years of experience in executive and leadership roles in the
transportation and environmental services industries and, prior to
that, practiced law for 5 years.
Ms. Pierce is actively involved with and volunteers in a number
of non-profit organizations, and she holds a number of honors and
leadership awards.
Mr. Thompson graduated from Berea
College in Kentucky with a
Bachelor of Science Degree in Business Management.
Mr. Thompson is Chief Executive Officer and co-founder of Focus
Health Group, which was founded in 2002 and is based in
Knoxville, Tennessee. Focus
Health Group is a health services company that provides low-cost
generic pharmaceutical products.
Mr. Thompson served as Chairman of the Board and Chief Executive
Officer of The Peoples Bank, which was organized in 1920 and
acquired by First US Bank in 2018. In addition to his
extensive business experience in providing medical supplies and
operating a successful bank, Mr. Thompson holds real estate for
development and investments and is a partner of Crescent at
Ebenezer, a luxury apartment community in the heart of West
Knoxville. Since 1998, Mr. Thompson has been an entrepreneur,
founder/co-founder, and investor in several successful
businesses.
Actively involved in his communities, Mr. Thompson currently
serves on several boards of directors.
About First US 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
Company's stock is traded on the Nasdaq Capital Market under the
symbol FUSB.
James F. House
205-582-1200
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SOURCE First US Bancshares, Inc.
