Exhibit 99.1

On July 18, 2019, United Bancshares, Inc. issued the following release:

United Bancshares, Inc. Announces Dividend

Dividend will be payable September 16, 2019

Columbus Grove, Ohio, July 18, 2019 – United Bancshares, Inc. (NASDAQ: UBOH) announced today that its Board of Directors approved a cash dividend of $0.13 per common share payable September 16, 2019 to shareholders of record at the close of business on August 31, 2019.

United Bancshares, Inc. is the holding company of The Union Bank Company, which serves Allen, Delaware, Franklin, Hancock, Marion, Putnam, Sandusky, Van Wert and Wood Counties in Ohio, with office locations in Bowling Green, Columbus Grove, Delaware, Delphos, Findlay, Gahanna, Gibsonburg, Kalida, Leipsic, Lima, Marion, Ottawa, Pemberville and Westerville Ohio.

United Bancshares, Inc. has 3,270,635 common shares outstanding as of June 30, 2019.

Contact:

Brian D. Young

President and CEO

United Bancshares, Inc.

105 Progressive Drive

Columbus Grove, Ohio  45830

(419) 659-2141

Email: info@theubank.com