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BRIEF-United Bancshares, Benchmark Bancorp enter plan of merger on March 22 - SEC filing

March 22 United Bancshares Inc

* United Bancshares Inc - on March 22 co, Benchmark Bancorp entered into an agreement and plan of merger - SEC filing

* United Bancshares Inc - all-cash transaction is valued at $29.5 million

* United Bancshares Inc - boards of directors of United and Benchmark have approved merger, bank merger and merger agreement - SEC filing

* United Bancshares Inc - pursuant to agreement united will purchase from Benchmark all of issued and outstanding shares of Benchmark

* United Bancshares Inc - pursuant to agreement, Benchmark will merge with and into united with united being surviving entity

* United Bancshares Inc - upon termination of merger agreement, Benchmark may be required to pay united a termination fee of $1.3 million Source text: (bit.ly/2nDzjF6) Further company coverage:

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