<HTML>
<!-- Produced by EDGARsuite software, Advanced Computer Innovations, Inc., Copyright (C) 2008-2018 [PPXK5GW761L0VL2VG7W3]. www.edgarsuite.com -->
<HEAD>
</HEAD>
<BODY>
<DIV style=margin-left:72pt;width:468pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>UNITED STATES</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>Washington, D.C.&#160; 20549</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>FORM&#160;8-K</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>CURRENT REPORT</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>&#160;</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>Pursuant to Section&#160;13 or 15(d)&#160;of</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><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;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>March 22, 2018</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><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;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>UNITED BANCSHARES, INC.</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>(Exact name of registrant as specified in its charter)</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<TABLE align=center style=border-collapse:collapse;width:503.95pt><TR style=height:12.4pt><TD valign=top style=width:167.75pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>Pennsylvania</B></FONT></P>
</TD><TD valign=bottom style=width:19.5pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>&#160;</B></FONT></P>
</TD><TD valign=top style=width:166.8pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>0-25976</B></FONT></P>
</TD><TD valign=bottom style=width:19.5pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>&#160;</B></FONT></P>
</TD><TD valign=top style=width:130.4pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>23-2802415</B></FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:167.75pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>(State or other jurisdiction</FONT></P>
</TD><TD valign=bottom style=width:19.5pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:166.8pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>(Commission</FONT></P>
</TD><TD valign=bottom style=width:19.5pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:130.4pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>(IRS Employer</FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:167.75pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>of incorporation)</FONT></P>
</TD><TD valign=bottom style=width:19.5pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:166.8pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>File Number)</FONT></P>
</TD><TD valign=bottom style=width:19.5pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:130.4pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>Ident. No.)</FONT></P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<TABLE align=center style=border-collapse:collapse;width:505.1pt;margin-left:3.4pt><TR style=height:12.4pt><TD valign=top style=width:257.55pt><P align=center style='font:10pt Times New Roman;margin:0;margin-left:1.15pt;color:#000000'><FONT style=font-size:10pt><B>30 S. 15<SUP>th</SUP> Street, Suite 1200, Philadelphia, Pennsylvania</B></FONT></P>
</TD><TD valign=bottom style=width:20.15pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>&#160;</B></FONT></P>
</TD><TD valign=top style=width:227.4pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>19102</B></FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:257.55pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>(Address of principal executive offices)</FONT></P>
</TD><TD valign=bottom style=width:20.15pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:227.4pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>(Zip Code)</FONT></P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><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>(215) 351-4600</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>Registrant&#8217;s telephone number, including area code</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>&#160;</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt><B>N/A</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>(Former name or former address, if changed since last report.)</FONT></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>Check the appropriate box below if the Form&#160;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;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
<TABLE align=center style=border-collapse:collapse;width:495pt><TR style=height:12.4pt><TD valign=top style=width:21.6pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style='font:10pt Wingdings'>&#111;</FONT></P>
</TD><TD valign=bottom style=width:14.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:459pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)</FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:21.6pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=bottom style=width:14.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:459pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:21.6pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style='font:10pt Wingdings'>&#111;</FONT></P>
</TD><TD valign=bottom style=width:14.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:459pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:21.6pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=bottom style=width:14.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:459pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:21.6pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style='font:10pt Wingdings'>&#111;</FONT></P>
</TD><TD valign=bottom style=width:14.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:459pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:21.6pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=bottom style=width:14.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:459pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:21.6pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style='font:10pt Wingdings'>&#111;</FONT></P>
</TD><TD valign=bottom style=width:14.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top style=width:459pt><P style='font:10pt Times New Roman;margin:0;color:#000000'><FONT style=font-size:10pt>Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17 CFR 240.13e-4 (c))</FONT></P>
</TD></TR>
<TR style=height:12.4pt><TD valign=top style=width:21.6pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:14.4pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=top style=width:459pt><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
<TR style=height:12.4pt><TD colspan=3 valign=top style=width:495pt><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>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 Sec.230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR Sec.240.12b-2). </FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Emerging growth company  </FONT><FONT style='font:10pt Wingdings'>&#111;</FONT></P>
<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>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. </FONT><FONT style='font:10pt Wingdings'>&#111;</FONT></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
</TABLE>
<HR style='border:0;height:0;width:0;margin:15pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>1</P>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P align=justify style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'><FONT style=font-size:10pt><B>Item 4.01. </B></FONT></KBD><KBD style=margin-left:72pt></KBD><FONT style=font-size:10pt><B>Changes in Registrant&#8217;s Certifying Accountant.</B></FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:36pt'><FONT style=font-size:10pt>(b) </FONT></KBD><KBD style=margin-left:72pt></KBD><FONT style=font-size:10pt>The Audit Committee (the &#8220;Committee&#8221;) of the Board of Directors of United Bancshares, Inc. (the &#8220;Company&#8221;) recently conducted a comprehensive selection process to determine the Company&#8217;s independent registered public accounting firm for the fiscal years ending December 31, 2016, 2017 and 2018. The Committee invited several independent registered public accounting firms to participate in this process, including S. R. Snodgrass, P.C. (&#8220;Snodgrass&#8221;). &nbsp;As a result of this process, on March 22, 2018, the Committee approved the appointment of Snodgrass as the Company&#8217;s independent registered public accounting firm for the fiscal years ending December 31, 2016, 2017 and 2018.</FONT>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt'><FONT style=font-size:10pt>As previously disclosed in the Company&#8217;s Current Report on Form 8-K filed on September 18, 2017, the Company was notified on September 12, 2017 by its former independent registered public accounting firm, RSM US, LLP (&#8220;RSM&#8221;), that it declined to stand for reelection as the Company&#8217;s independent registered public accounting firm. The report of RSM on the Company&#8217;s consolidated financial statements as of December 31, 2015 and 2014 and for the years then ended, did not contain an adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope, or accounting principles. &nbsp;There were no disagreements or reportable events required to be disclosed pursuant to Item 304(a)(1)(iv) or Item 304(a)(1)(v) of Regulation S-K.</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt'><FONT style=font-size:10pt>During the two most recent fiscal years and in the subsequent interim period through September 12, 2017, the Company has not consulted with Snodgrass with respect to the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that would have been rendered on the Company&#8217;s consolidated financial statements, or any other matters set forth in Item 304(a)(2)(i) or (ii) of Regulation S-K.</FONT></P>
<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>&#8195;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center 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;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>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD colspan=4 valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>UNITED BANCSHARES, INC.</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD colspan=3 valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Dated:&#160;March 22, 2018</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD colspan=3 valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD colspan=3 valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>By:</FONT></P>
</TD><TD colspan=2 valign=top style='border-bottom:0.75pt solid #000000'><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt> &nbsp; /s/&#160;&#160;Evelyn F. Smalls</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Name: </FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Evelyn F. Smalls</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Title: </FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>President and Chief Executive Officer</FONT></P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'><A name=id_9 /><A name=id_10 />&nbsp;</P>
<HR style='border:0;height:0;width:0;margin:15pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>2</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</DIV>
</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "usbi_8k.htm", "description": "8-K", "secsgml_size_bytes": 20234}]
{"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": "18707721"}, "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
March 22, 2018
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
(Commission
(IRS Employer
of incorporation)
File Number)
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 Sec.230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR Sec.240.12b-2).
Emerging growth company
o
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.
o
1
Item 4.01.
Changes in Registrant's Certifying Accountant.
(b)
The Audit Committee (the "Committee") of the Board of Directors of United Bancshares, Inc. (the "Company") recently conducted a comprehensive selection process to determine the Company's independent registered public accounting firm for the fiscal years ending December 31, 2016, 2017 and 2018. The Committee invited several independent registered public accounting firms to participate in this process, including S. R. Snodgrass, P.C. ("Snodgrass").  As a result of this process, on March 22, 2018, the Committee approved the appointment of Snodgrass as the Company's independent registered public accounting firm for the fiscal years ending December 31, 2016, 2017 and 2018.
As previously disclosed in the Company's Current Report on Form 8-K filed on September 18, 2017, the Company was notified on September 12, 2017 by its former independent registered public accounting firm, RSM US, LLP ("RSM"), that it declined to stand for reelection as the Company's independent registered public accounting firm. The report of RSM on the Company's consolidated financial statements as of December 31, 2015 and 2014 and for the years then ended, did not contain an adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope, or accounting principles.  There were no disagreements or reportable events required to be disclosed pursuant to Item 304(a)(1)(iv) or Item 304(a)(1)(v) of Regulation S-K.
During the two most recent fiscal years and in the subsequent interim period through September 12, 2017, the Company has not consulted with Snodgrass with respect to the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that would have been rendered on the Company's consolidated financial statements, or any other matters set forth in Item 304(a)(2)(i) or (ii) of Regulation S-K.
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: March 22, 2018
By:
/s/  Evelyn F. Smalls
Name:
Evelyn F. Smalls
Title:
President and Chief Executive Officer
2