Union Bankshares, Inc. of Mena has announced its program to unify the organization beneath a prevalent name and bank charter. At the moment, the holding organization operates two Arkansas bank charters, Union Bank and 1st National Bank at Paris, with branches operating beneath the 1st National Bank and Neighborhood National Bank brands.
1st National Bank at Paris and Neighborhood National Bank have been aspect of the Union Bank loved ones given that 2005, operating inside the Union Bankshares, Inc. holding organization. In February 2024, the charter consolidation is anticipated to be finalized, and all nine offices in 5 counties will operate beneath the name Union Bank.
Prospects will have the comfort of performing enterprise at any of the bank’s nine areas in Booneville, Caulksville, Clarksville, Hatfield, Mena, Ozark, Paris, Waldron, and Wickes. The unification of the banks beneath a prevalent name and charter aims to leverage their combined strengths and continue investing in their prospects and communities.
According to Jarrod Yarnell, Chief Executive Officer of Union Bank, the consolidation will remove the confusion of getting 3 distinct names inside the holding organization though sustaining the identical ownership, management, and operations. The bank remains committed to regional bankers creating regional choices and emphasizes its status as the premier regional bank in Arkansas’ West Central and River Valley communities.
Steven Sosebee, River Valley Marketplace President of Union Bank, highlights the bank’s connection-primarily based enterprise model and its dedication to constructing extended-term trust with prospects. The upcoming prevalent name and banking charter reflect the bank’s strengthened allegiance to the communities it serves.
All round, the unification of Union Bankshares, Inc. beneath a prevalent name and bank charter is aimed at maximizing the bank’s prospective and reinforcing its commitment to prospects and communities.