UB Bancorp Announces Completion of $25 Million Subordinated Notes Offering

UB Bancorp Announces Completion of $25 Million Subordinated Notes Offering Greenville, NC – (Business Wire) – June 1, 2020 – UB Bancorp (OTCQX: UBNC) (the “Company”), the parent of Union Bank (the “Bank”), is very pleased to announce the completion of a $25.0 million private placement offering of subordinated notes on May 29, 2020. The
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Union Bank Announces Formation of Bank Holding Company and Semi-Annual Cash Dividend

Union Bank Announces Formation of Bank Holding Company and Semi-Annual Cash Dividend Greenville, NC – (Business Wire) – May 5, 2020 – The Directors of UB Bancorp (OTCQX: UBNC) (the “Company”) are pleased to announce the formation of UB Bancorp, a bank holding company, and the declaration of a cash dividend of $0.10 per share.
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First Quarter Earnings 2020

Union Bank Releases Earnings for the Quarter Ended March 31, 2020 Greenville, NC – (Business Wire) – April 28, 2020 – Union Bank (OTCQX: UBNC) (the “Bank”) is pleased to report its results for the quarter ended March 31, 2020. Net income for the first quarter of 2020 was $1.7 million or $0.29 per basic
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2019 Annual Report

Download/Print 2019 Annual Report (pdf document) Financial Information A complete 2019 Audited Financial Statement may be obtained by contacting Union Bank. Please request by contact Scott C. McLean by mail at Union Bank, 1011 Red Banks Road, Greenville, NC 27858, or via our website at: www.unionbanknc.com Annual Shareholders Meeting The annual meeting of shareholders of
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Union Bank donates $100,000 to help ten North Carolina Salvation Army Centers

UNION BANK donates $100,000 to help ten North Carolina Salvation Army Centers A gift of $100,000 from Greenville, NC based Union Bank, to The Salvation Army will provide much needed help and hope to the thousands of families and individuals who are being affected by COVID-19.  The gift will be divided between ten Salvation Army
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Fourth Quarter & Year End 2019

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Union Bank Releases Earnings for the Quarter and Year Ended December 31, 2019 Greenville, NC – (Business Wire) – January 23, 2020 – Union Bank (OTCQX: UBNC) (the “Bank”) is pleased to report its results for the three and twelve months ended December 31, 2019.   Net income for the fourth quarter of 2019 was $1.8
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Third Quarter Earnings 2019

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Union Bank Releases Third Quarter Earnings, Announces Cash Dividend of $0.10 Per Share Greenville, NC – (Business Wire) – October 22, 2019 – Union Bank (OTCQX: UBNC) reports earnings results for the quarter and nine months ended September 30, 2019 and announces cash dividend of $0.10 per share. Union Bank (the “Bank”) is pleased to
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Union Bank to Close Cary Branch Office January 2020

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Greenville, NC – (Business Wire) – September 19, 2019 – Union Bank (OTCQX: UBNC) has announced that it will close its Cary branch office and consolidate those operations into its Raleigh branch office located at 701 Mutual Court, effective January 31, 2020. Cary customers will be receiving written communication outlining the details of the closure
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Union Bank Announces Retirement of Doyle Thigpen, Chief Financial Officer

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Greenville, NC – (Business Wire) – September 17, 2019 – Union Bank (OTCQX: UBNC) has announced that Scott C. (Mac) McLean will be promoted to Chief Financial Officer (CFO) for Union Bank effective November 1, 2019.  Doyle Thigpen has served as the Bank’s CFO for the past 21 years, since it was founded in 1998,
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Second Quarter Earnings 2019

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Union Bank Releases Second Quarter Earnings Today Greenville, NC – (Business Wire) – July 29, 2019 – Union Bank (OTCQX: UBNC) reports earnings results for the quarter and six months ended June 30, 2019. Union Bank (the “Bank”) is pleased to report earnings results for the quarter and six months ended June 30, 2019. Unaudited
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