Union Bankshares, Inc. from Mena announced its program to unify the organization beneath a widespread name and bank charter. At the moment, the holding organization operates two banks in Arkansas, Union Bank and 1st National Bank in Paris, with branches operating beneath the 1st National Bank and Neighborhood National Bank brands.
1st National Bank of Paris and Neighborhood National Bank have been component of the Union Bank loved ones due to the fact 2005 and operate inside the holding organization Union Bankshares, Inc. The charter consolidation is anticipated to be completed in February 2024, and all nine offices in 5 counties will operate beneath the name Union Bank.
Clients will have the comfort of undertaking enterprise at any of the bank’s nine areas in Booneville, Colksville, Clarksville, Hatfield, Maine, Ozark, Paris, Waldron and Weeks. Bringing the banks collectively beneath a widespread name and charter aims to leverage their combined strengths and continue to invest in their prospects and communities.
According to Jarrod Yarnell, CEO of Union Bank, the consolidation will do away with the confusion of getting 3 distinctive names inside the holding organization whilst sustaining the similar ownership, management and operations. The bank remains committed to regional bankers creating regional choices and emphasizes its status as the premier regional bank in the West Central and River Valley communities of Arkansas.
Stephen Soseby, president of Union Bank of River Valley Market place, highlights the bank’s partnership-primarily based enterprise model and its commitment to constructing lengthy-term trust with prospects. The forthcoming widespread name and banking charter reflect the bank’s strengthened commitment to the communities it serves.
General, the union of Union Bankshares, Inc. beneath the widespread name and charter of the bank aims to maximize the bank’s prospective and strengthen its commitment to consumers and the neighborhood.