On July 19, 2022, United Bancshares, Inc.'s Board of Directors appointed Klint D. Manz, age 38, to the positions of Chief Financial Officer of United Bancshares, Inc. (the “Company”) and The Union Bank Company. This appointment is set to go into effect on July 19, 2022. Mr. Manz earned his Bachelor of Business Administration in Accounting and his Masters of Science in Accounting from The University of Toledo, Toledo, Ohio.

Mr. Manz served as a Staff Accountant, Senior Accountant, Commercial/Agricultural Lender, Profitability Manager and Assistant Controller for First Federal Bank of the Midwest from 2006 to 2019. Mr. Manz accepted the position of Commercial Loan Product Manager in 2019 with The Union Bank Company and has served in the role of Chief Lending Officer since 2021.