Item 8.01. Other Events.

On November 18, 2021, United Bancshares, Inc. issued a press release announcing that its Board of Directors authorized an expansion of its common stock repurchase program from 600,000 to 800,000 shares. Under the Company's ongoing repurchase program, which commenced in July 2005, the Company to date has repurchased approximately 413,205 shares. A copy of the press release is furnished herewith as Exhibit 99.1.

The information in this Item 8.01, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that Section, nor shall such information be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933 or the Exchange Act, except as otherwise stated in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description



99.1          Release dated November 18, 2021
104         Cover Page Interactive Data File (embedded within the Inline XBRL document)

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