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<DIV style=margin-left:36pt;width:540pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>UNITED STATES</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Washington, D.C.&#160; 20549</B></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>FORM 8-K</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>CURRENT REPORT</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Pursuant to Section&#160;13 or 15(d) of</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>The Securities Exchange Act of 1934</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>September&#160;29, 2017</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Date of Report (Date of earliest event reported)</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>United Bancshares, Inc.</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(Exact name of registrant as specified in its charter)</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<TABLE align=center style=border-collapse:collapse><TR><TD valign=top style=width:172.8pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Pennsylvania</B></FONT></P>
</TD><TD valign=bottom style=width:10.8pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:172.8pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>0-25976</B></FONT></P>
</TD><TD valign=bottom style=width:10.75pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:172.75pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>23-2802415</B></FONT></P>
</TD></TR>
<TR><TD valign=top style=width:172.8pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(State or other jurisdiction</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>of incorporation)</FONT></P>
</TD><TD valign=bottom style=width:10.8pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:172.8pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(Commission</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>File Number)</FONT></P>
</TD><TD valign=bottom style=width:10.75pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:172.75pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(IRS Employer</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Ident. No.)</FONT></P>
</TD></TR>
<TR><TD valign=top style=width:172.8pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=bottom style=width:10.8pt><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:172.8pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=bottom style=width:10.75pt><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:172.75pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR><TD colspan=3 valign=top style=width:356.4pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>30 S. 15<SUP>th</SUP> Street, Suite&#160;1200, Philadelphia, Pennsylvania</B></FONT></P>
</TD><TD valign=bottom style=width:10.75pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:172.75pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>19102</B></FONT></P>
</TD></TR>
<TR><TD colspan=3 valign=top style=width:356.4pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(Address of principal executive offices)</FONT></P>
</TD><TD valign=bottom style=width:10.75pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:172.75pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(Zip Code)</FONT></P>
</TD></TR>
<TR><TD colspan=5 valign=top style=width:540pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR><TD colspan=5 valign=top style=width:540pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>(215) 351-4600</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Registrant&#8217;s telephone number, including area code</FONT></P>
</TD></TR>
<TR><TD colspan=5 valign=top style=width:540pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR><TD colspan=5 valign=top style=width:540pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>N/A</B></FONT></P>
</TD></TR>
<TR><TD colspan=5 valign=top style=width:540pt><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(Former name or former address, if changed since last report.)</FONT></P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style='font:10pt Wingdings'>&#111;</FONT><FONT style=font-size:10pt> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style='font:10pt Wingdings'>&#111;</FONT><FONT style=font-size:10pt> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style='font:10pt Wingdings'>&#111;</FONT><FONT style=font-size:10pt> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style='font:10pt Wingdings'>&#111;</FONT><FONT style=font-size:10pt> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin-top:6pt;margin-bottom:0pt;color:#000000;background-color:#FFFFFF'>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR &#167;240.12b-2).</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'>Emerging growth company &#9744;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;&#160;</FONT></P>
<HR style='border:0;height:0;margin:15pt 0 0 0'><HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:12pt'><A name=id_3 /><A name=id_4 /><KBD style='position:absolute;font:10pt Times New Roman'><FONT style=font-size:10pt><B>Item&#160;3.02</B></FONT></KBD><KBD style=margin-left:72pt></KBD><FONT style=font-size:10pt><B>Unregistered Sales of Equity Securities.</B></FONT>&nbsp;</P>
<P style='font:10pt Times;margin-top:0pt;margin-bottom:12pt;text-indent:36pt'><A name=S147657944 /><FONT style='font:10pt Times New Roman'>On September&#160;29, 2017, United Bancshares,&#160;Inc. (the&#160;&#8220;Company&#8221;) issued 500&#160;shares of its previously authorized 7.00% Noncumulative Perpetual Preferred Stock, Series&#160;B (the&#160;&#8220;Series B Preferred Stock&#8221;) to Bryn Mawr Bank Corporation for an aggregate purchase price of $250,000. &nbsp;The offering was completed pursuant to Section&#160;4(a)(2) of the Securities Act of 1933. &nbsp;For more information regarding the Series B Preferred Stock, see Item&#160;9B of the Company&#8217;s Annual Report on Form&#160;10-K for the year ended December&#160;31, 2015 filed with the Securities and Exchange Commission on June&#160;9, 2017.</FONT></P>
<P style='font:10pt Times;margin-top:0pt;margin-bottom:12pt;text-indent:36pt'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style='font-size:10pt;border-bottom:1px solid #000000'>SIGNATURES</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt'><FONT style=font-size:10pt>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:90%;margin-left:4.65pt><TR style=height:15pt><TD valign=bottom style=width:196pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:226pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'><FONT style='font:10pt Times New Roman'>UNITED BANCSHARES,&#160;INC.</FONT></P>
</TD></TR>
<TR style=height:15pt><TD valign=bottom style=width:196pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:19.15pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:206.85pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
<TR style=height:15pt><TD valign=bottom style=width:196pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'><FONT style='font:10pt Times New Roman'>Dated:&#160; October&#160;5, 2017</FONT></P>
</TD><TD valign=bottom style=width:19.15pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:206.85pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
<TR style=height:15pt><TD valign=bottom style=width:196pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:19.15pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:206.85pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
<TR style=height:15pt><TD valign=bottom style=width:196pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:19.15pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'><FONT style='font:10pt Times New Roman'>By:</FONT></P>
</TD><TD valign=bottom style='width:206.85pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P style='font:10pt Calibri;margin:0;color:#000000'><FONT style='font:10pt Times New Roman'>/s/&#160;&#160;Evelyn F. Smalls</FONT></P>
</TD></TR>
<TR style=height:15pt><TD valign=bottom style=width:196pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:19.15pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:206.85pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'><FONT style='font:10pt Times New Roman'>Evelyn F. Smalls</FONT></P>
</TD></TR>
<TR style=height:15pt><TD valign=bottom style=width:196pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:19.15pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:206.85pt;white-space:nowrap><P style='font:10pt Calibri;margin:0;color:#000000'><FONT style='font:10pt Times New Roman'>President and Chief Executive Officer</FONT></P>
</TD></TR>
</TABLE>
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{"company-data": {"conformed-name": "UNITED BANCSHARES INC /PA", "cik": "0000944792", "assigned-sic": "6022", "irs-number": "232802415", "state-of-incorporation": "PA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25976", "film-number": "171125334"}, "business-address": {"street1": "30 S. 15TH STREET", "street2": "SUITE 1200", "city": "PHILADELPHIA", "state": "PA", "zip": "19102", "phone": "2153514600"}, "mail-address": {"street1": "30 S 15TH STREET", "street2": "SUITE 1200", "city": "PHILADELPHIA", "state": "PA", "zip": "19102"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
September 29, 2017
Date of Report (Date of earliest event reported)
United Bancshares, Inc.
(Exact name of registrant as specified in its charter)
Pennsylvania
0-25976
23-2802415
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Ident. No.)
30 S. 15
th
Street, Suite 1200, Philadelphia, Pennsylvania
19102
(Address of principal executive offices)
(Zip Code)
(215) 351-4600
Registrant's telephone number, including area code
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 3.02
Unregistered Sales of Equity Securities.
On September 29, 2017, United Bancshares, Inc. (the "Company") issued 500 shares of its previously authorized 7.00% Noncumulative Perpetual Preferred Stock, Series B (the "Series B Preferred Stock") to Bryn Mawr Bank Corporation for an aggregate purchase price of $250,000.  The offering was completed pursuant to Section 4(a)(2) of the Securities Act of 1933.  For more information regarding the Series B Preferred Stock, see Item 9B of the Company's Annual Report on Form 10-K for the year ended December 31, 2015 filed with the Securities and Exchange Commission on June 9, 2017.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
UNITED BANCSHARES, INC.
Dated:  October 5, 2017
By:
/s/  Evelyn F. Smalls
Evelyn F. Smalls
President and Chief Executive Officer