On August 18, 2015, Anthony M.V. Eramo, age 50, was appointed by the Board of Directors as Senior Vice President and Chief Financial Officer of United Bancshares Inc. and The Union Bank Company. Mr. Eramo brings more than 27 years of experience to the Company, including extensive banking industry, financial reporting, and corporate acquisition experience. Mr. Eramo has served as Senior Vice President of the Company since June 2015.

Prior to joining the Bank, Mr. Eramo was a Senior Vice President in the Strategic Planning Program Office and the Wealth Segment Chief Financial Officer with a large regional bank, roles which he held since 2007. From 2002 to 2007, before it was acquired, Mr. Eramo served as Vice President and Margin Manager of Sky Financial Group, where he managed liquidity and interest rate risk for the bank holding company and assisted management with due diligence for eight bank acquisitions in a five year period. Mr. Eramo is also the former Chief Financial Officer and Senior Vice President of Three Rivers Bancorp, the holding company of Pittsburgh-based Three Rivers Bank, a position he held from 1999 until 2002, when it was acquired by Sky.