United Bancshares, Inc. is a bank holding company of The Union Bank Company (the Bank). The Bank is engaged in the business of commercial banking. The Bank is a state-chartered bank, which serves the Ohio counties of Allen, Hancock, Putnam, Sandusky, Van Wert and Wood, with office locations in Bowling Green, Columbus Grove, Delphos, Gibsonburg, Kalida, Leipsic, Lima, Ottawa and Pemberville. The Bank offers a range of commercial banking services, including checking accounts, savings and money market accounts; time certificates of deposit; automatic teller machines; commercial, consumer, agricultural, residential mortgage and home equity loans; safe deposit box rentals, and other personalized banking services. The Bank�s portfolio of loan includes Commercial and agricultural loans, real estate mortgage loans and consumer loans to individuals. As of December 31, 2011, the Bank�s total loans amounted to $ 340,700,000.