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Scott Cox Joins First US Bank as Senior Commercial Lending Executive

News Provided by PR Newswire2025-07-28

Scott Cox Joins First US Bank as Senior Commercial Lending Executive

[28-July-2025]

BIRMINGHAM, Ala., July 28, 2025 /PRNewswire/ -- First US Bank is proud to announce that Scott Cox has joined the Bank as its Senior Commercial Lending Executive. Cox is a highly accomplished commercial banker, bringing over 27 years of industry experience in corporate banking, business banking, and wealth management. Cox earned his bachelor's degree in economics from the University of North Carolina at Chapel Hill, and most recently served as East Region Market CEO for Commercial Banking Offices and Community Markets for BBVA USA.

In his new role, Cox will be responsible for driving First US Bank's continued growth by leading a team of high-performing commercial lenders across key markets. "Scott has a proven track record of success, and his expertise will be invaluable as we continue to deepen client relationships and strengthen our presence in Alabama and east Tennessee," said James F. House, First US Bank's Chairman, President, and CEO. "It's an honor to join an organization with such a strong foundation that is poised for growth," said Cox. "I'm excited to support our top-notch commercial team and expand First US Bank's position throughout our footprint."

About First US Bancshares, Inc.

First US Bank (the "Bank") is a wholly-owned subsidiary of First US Bancshares, Inc. (the "Company") and operates banking offices in Alabama, Tennessee, and Virginia. The Company files periodic reports with the U.S. Securities and Exchange Commission (the "SEC"). Copies of its filings may be obtained through the SEC's website at www.sec.gov or at www.firstusbank.com. More information about the Company and the Bank may be obtained at www.firstusbank.com. The Company's stock is traded on the Nasdaq Capital Market under the symbol "FUSB."

Forward-Looking Statements

This press release contains forward-looking statements, as defined by federal securities laws. Statements contained in this press release that are not historical facts are forward-looking statements. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. The Company undertakes no obligation to update these statements following the date of this press release, except as required by law. In addition, the Company, through its senior management, may make from time to time forward-looking public statements concerning the matters described herein. Such forward-looking statements are necessarily estimates reflecting the best judgment of the Company's senior management based upon current information and involve a number of risks and uncertainties.

Certain factors that could affect the accuracy of such forward-looking statements and cause actual results to differ materially from those projected in such forward-looking statements are identified in the public filings made by the Company with the SEC, and forward-looking statements contained in this press release or in other public statements of the Company or its senior management should be considered in light of those factors. Such factors may include risk related to the Company's credit, including that if loan losses are greater than anticipated; the increased lending risks associated with commercial real estate lending; potential weakness in the residential real estate market; liquidity risks; the impact of national and local market conditions on the Company's business and operations; the rate of growth (or lack thereof) in the economy generally and in the Company's service areas; the effects of significant changes to the structure and operations of the federal government; strong competition in the banking industry; the impact of changes in interest rates and monetary policy on the Company's performance and financial condition; the effects of fiscal challenges facing the U.S. government or any potential government shutdown; the impact of technological changes in the banking and financial service industries and potential information system failures; cybersecurity and data privacy threats; the risks and challenges presented by the development and use of artificial intelligence ("AI"); the costs of complying with extensive governmental regulation; the impact of changing accounting standards and tax laws on the Company's allowance for credit losses and financial results; the possibility that acquisitions may not produce anticipated results and result in unforeseen integration difficulties; and other risk factors described from time to time in the Company's public filings, including, but not limited to, the Company's most recent Annual Report on Form 10-K. Relative to the Company's dividend policy, the payment of cash dividends is subject to the discretion of the Board of Directors and will be determined in light of then-current conditions, including the Company's earnings, leverage, operations, financial conditions, capital requirements and other factors deemed relevant by the Board of Directors. In the future, the Board of Directors may change the Company's dividend policy, including the frequency or amount of any dividend, in light of then-existing conditions.