United Bancorp, Inc. announced that Effective November 22, 2023, the Board of Directors of United Bancorp, Inc. (the ?Company?) appointed Bethany E. Schunn and Brian M. Hendershot to fill two vacancies created on August 16, 2023, at the recommendation of the Board?s Nominating and Governance Committee that increased the size of the Company?s Board of Directors from four members to six. The increase in Board size was affected primarily to enhance the overall depth and strength of the Board and is also expected to facilitate more seamless committee transitions in the event of Board turnover related to normal retirements. During the intervening period, the Board and Committee have been involved in the process of evaluating potential candidates to fill the newly created vacancies.

In addition, the Board also approved the appointment of Scott A. Everson, the Company?s President, and CEO, to the position of Chairman of the Board of Directors to effect immediately upon the retirement of Richard L. Riesbeck on October 20, 2024. Mr. Riesbeck, who has served as Chairman of the Company?s Board of Directors since 2014, will retire from the Board pursuant to service limit requirements contained in the Company?s Corporate Governance Guidelines. Ms. Schunn, Plant Manager for the Cardinal Operating Company in Brilliant, Ohio has served on the Bank?s Board of Directors since 2021.

Mr. Hendershot, President of Ohio-West Virginia Excavating in Shadyside, Ohio, has been a member of the Bank?s Board since 2020.