Form 8-K UNITED BANCORP INC /OH/ For: Oct 13

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 13, 2016

 

 

UNITED BANCORP, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Ohio		0-16540		34-1405357
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)

 

201 South 4th Street, Martins Ferry, Ohio		43935-0010
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (740) 633-0445

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

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Item 8.01. Other Events.

On October 13, 2016, The Citizens Savings Bank, the wholly-owned commercial bank subsidiary of United Bancorp, Inc., issued a press release announcing its expansion into Wheeling, West Virginia with the opening of a new Loan Production Office located at 1131 National Road. The press release is furnished as Exhibit No. 99.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are furnished herewith:

 

Exhibit Number		Exhibit Description
99		press release dated October 13, 2016

 

 

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Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: October 17, 2016		UNITED BANCORP, INC.
		Scott A. Everson
		Scott A. Everson, Chief Executive Officer

 

Exhibit 99

 

201 South Fourth Street • Martins Ferry, OH 43935 • 740.633.0445 • www.TheCitizensBank.com

 

 

PRESS RELEASE

 

 

Contact:		Chyanne Dayton
		Director of Marketing
Phone:		740.635.6132
Email:		[email protected]

October 13, 2016

FOR IMMEDIATE RELEASE

The Citizens Bank of Ohio Announces New Location in Wheeling, West Virginia

WHEELING, WV: Scott A. Everson, chairman, president and chief executive officer of The Citizens Savings Bank, a subsidiary of United Bancorp, Inc. (Nasdaq: UBCP), is pleased to announce the bank has recently expanded into Wheeling, West Virginia, with the opening of a new Loan Production Office (LPO) located at 1131 National Road, which is on the corner of National Road and Edgington Lane. The new LPO will provide a wide variety of commercial lending services including SBA and equipment loans, commercial lines of credit and commercial real estate loans, among other types of business loans.

In making the announcement, Everson said, “We are delighted to enhance our commercial banking presence in Wheeling. Over the years, we have been very successful in building relationships with and meeting the business lending needs of many Wheeling-area businesses and now have a physical location to more conveniently serve the businesses within this valued market. We are committed to exceeding the expectations of our customers and believe that this new location will significantly increase the level of service to our business customers.”

The Citizens Bank Loan Production Office will have two experienced, local commercial banking executives eager to meet with the owner(s) or representative(s) of any Ohio Valley business. Tanner Russell and Zack Blair are senior commercial banking executives at The Citizens Bank and each will be working out of the new Wheeling location. Everson stated, “Both Tanner and Zack are customer-focused and will work to find a customized banking solution for every business client, ensuring their long-term satisfaction. They are both well known and highly involved within the Wheeling-area and committed to making the businesses within the local communities better!” Appointments can be made with either Tanner or Zack to discuss your business lending needs by calling (304)233-LOAN.

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United Bancorp, Inc. is headquartered in Martins Ferry, Ohio, with total assets of $426.5 million and total shareholder’s equity of $42.8 million as of September 30, 2016. Through its single bank charter with eighteen banking offices, The Citizens Savings Bank serves the Ohio Counties of Athens and Fairfield through its Community Bank Division and Belmont, Carroll, Harrison, Jefferson, and Tuscarawas through its Citizens Bank Division. United Bancorp, Inc. is a part of the Russell Microcap Index and trades on The NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109.

 

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