 Birmingham, AL, Oct. 04, 2021 GLOBE NEWSWIRE -- First US Bancshares, Inc. Nasdaq: FUSB the Company, the parent company of First US Bank, announced today the completion of a private placement of 11.0 million in aggregate principal amount of fixed-to-floating rate subordinated notes due October 1, 2031 the Notes. The Notes were sold to certain institutional accredited investors and qualified institutional buyers on October 1, 2021. The Notes are intended to qualify as Tier 2 capital of the Company for regulatory capital purposes. 