United Bancorp Inc. Declares a Regular Cash Dividend Payable on June 20, 2013; Announces Executive Changes
April 18, 2013 at 10:00 am EDT
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On April 17, 2013, the board of directors of United Bancorp Inc. declared the second quarter dividend payment of $0.07 per share for shareholders of record on June 10, 2013 with a payment date of June 20, 2013. This payment is equal to the cash dividend paid in the first quarter of this year and on an annualized basis provides a current yield to shareholders of 3.8%.
The company also announced that it promoted Scott A. Everson to president of the company. Scott Everson, who previously was executive vice president for the company, succeeds James Everson in the position, while James Everson remains as the company's chairman and CEO. In addition, Scott Everson will continue to be the company's COO.
United Bancorp, Inc. is a bank holding company. The Company has one wholly owned subsidiary bank, Unified Bank, Martins Ferry, Ohio (the Bank). The Bank serves customers in northeastern, eastern, southeastern and south-central Ohio and the Northern panhandle of West Virginia and is engaged in the business of commercial and retail banking in Belmont, Harrison, Jefferson, Tuscarawas, Carroll, Athens, Hocking, and Fairfield counties and the surrounding localities. The bank also operates in Marshall County West Virginia. The Bank provides a range of banking and financial services, which includes accepting demand, savings and time deposits and granting commercial, real estate and consumer loans. The Bank's loan portfolio includes commercial loans, commercial real estate loans, residential real estate loans and installment loans. The Bank conducts its business through its main office and standalone operations center in Martins Ferry, Ohio and about 18 branches located in the counties.
UNITED BANCORP, INC. 
