UNITED BANCSHARES, INC.

United Bancshares, Inc. is a financial holding company of The Union Bank Company (Union). Union is engaged in the business of commercial banking. Union is an Ohio state-chartered bank, providing full-service banking to the people and businesses throughout the communities it serves through offices across Northwest and Central Ohio, including Bowling Green, Columbus Grove, Delphos, Findlay, Gibsonburg, Kalida, Leipsic, Lewis Center, Lima, Marion, Ottawa, Paulding, and Pemberville. Through its subsidiary, the Bank, the Company is engaged in the business of full-service community banking offering a full range of commercial and consumer banking services. Its personal banking services include checking, savings, credit cards, and lending. Its commercial solutions consist of lending and financing, commercial real estate, and treasury services. Its small business solution includes free business checking, analyzed business checking, and order checks. Employees 211 Sector Banks