FOR IMMEDIATE RELEASE
CONTACT: Roy Parker, City Executive (919) 583-8989
DATE: July 11, 2014
Union Bank announces new branch site purchase in Goldsboro NC
Kinston, NC – (Business Wire) – July 11, 2014 – Union Bank (OTCBB: LTLB) announces new branch site purchase in Goldsboro, North Carolina.
Union Bank (the “Company”), today announced the purchase of approximately 3.0 acres of land on the corner of Spence Avenue and Ash Street, from the City of Goldsboro. The site, which was recently cleared of a building occupied by the Arts Council of Wayne County, will become the site of a new 4,800 square foot branch office. The new facility was designed by Dunn & Dalton Architects of Kinston and will be built by Farrior & Sons Construction Company of Farmville. The Bank expects to occupy the facility sometime during the 1st Quarter of 2015. The new office will offer a full array of loan and deposit services for consumers and businesses. Services will include drive-up ATM and deposit services as well as a full line of electronic and on-line banking products.
Roy Parker, City Executive of Goldsboro commented “We are pleased to announce this new investment in the Goldsboro/Wayne County market. This new facility will provide better access for customers and provide additional exposure to a more diversified prospect base in a market where we have already experienced success.”
Union Bank is headquartered in Kinston, North Carolina and currently serves the Lenoir, Wayne, Onslow, Pitt, Craven and New Hanover county markets. The Bank prides itself on the special care with which it serves its customers. The Bank’s website is www.unionbanknc.com. The Union Bank stock can be found on the Over-the-Counter Electronic Bulletin Board trading under the symbol LTLB.