United Bancshares, Inc Announces Resignation of James N. Reynolds as Board of Directors
February 21, 2018 at 04:15 pm EST
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On February 20, 2018, James N. Reynolds, Chairman of the Board of Directors and a director of United Bancshares, Inc. announced that he has decided to retire as a director of the company and not stand for reelection to the Company's Board of Directors at the 2018 Annual Meeting of Shareholders of the Company on April 25, 2018 (the 2018 Annual Meeting"). Mr. Reynolds will serve out the remainder of his term as a director, which will expire at the 2018 Annual Meeting.
United Bancshares, Inc. is a financial holding company. Its principal subsidiary is The Union Bank Company (Union Bank). Its core business operations are conducted through its subsidiaries, Union Bank and UBC Risk Management, Inc. (UBC Risk Management). Union Bank is a full-service community bank offering a full range of commercial and consumer banking services. Union Bank offers a range of deposit services, including checking accounts, savings and money market accounts, certificates of deposit and individual retirement accounts. Wealth management services are offered by Union Bank through an arrangement with LPL Financial LLC, a registered broker/dealer. Union Bankâs loan products include commercial and residential real estate loans, agricultural loans, commercial and industrial loans, home equity loans, various types of consumer loans and others. UBC Risk Management is a captive insurance subsidiary that insures various liability and property damage policies for the Company.