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April 2, 2020



Re: Annual Meeting


Dear Fellow Shareholders:


I am writing today concerning the upcoming Annual Meeting for United Bancshares, Inc., which is scheduled for Wednesday, April 22, 2020.


All of us have been impacted by the Coronavirus (“COVID-19”) in our personal, business and community lives. The same is true for United Bancshares Inc. While we continue to serve our clients during this time of crisis, our number one priority remains the protection of our clients, team members, and communities through the reduction of the potential spread of COVID-19.


After much deliberation, the Board of the Company has decided to still hold our Annual Meeting as scheduled at 10:30 A.M. on April 22nd. However, in light of the restrictions on gatherings of greater than 10 persons, our meeting will be significantly different than in past years. Please note the following:



We will not be serving refreshments in connection with the meeting.


We will not have a presentation concerning the results from 2019 and the outlook for 2020.


The items currently to be considered at the meeting are the election of directors and the ratification of the appointment of auditors.


We expect that the official business meeting will last no more than 10 minutes, subject to questions.


In light of the serious nature and health risks from the spreading of COVID-19 in large gatherings, we are taking the very unusual step of asking that you seriously consider not attending the Annual Meeting. While we need to hold an annual meeting to fulfill the Company’s legal obligations, we can accomplish those requirements through voting by proxy with only a small group of directors and officers present. Therefore, we ask that you promptly return your proxy or vote by phone or electronically as described in the proxy materials provided to you so that the two matters discussed above can be approved


The health and safety of our shareholders, as well as customers and employees, is of utmost importance to us and we appreciate your cooperation and support during these unusual and challenging times. We look forward to seeing you in person at next year’s annual meeting. In the interim, if you have any questions, feel free to contact us or anyone at United Bancshares Inc. (419-659-2141). Please remain healthy and safe




/s/ Brian D. Young

Brian D. Young

President & CEO