-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, F4PB0uN6YqhUdz2HPdSLo8jRQAE97mzwRKAiS1bo4khd1PhkK1EzVNQMYbJESRse JBxAkteFEpbmDMX/iql2MQ== 0000950124-07-003560.txt : 20070702 0000950124-07-003560.hdr.sgml : 20070702 20070702095756 ACCESSION NUMBER: 0000950124-07-003560 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070702 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070702 DATE AS OF CHANGE: 20070702 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED BANCORP INC /OH/ CENTRAL INDEX KEY: 0000731653 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 341405357 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16540 FILM NUMBER: 07953170 BUSINESS ADDRESS: STREET 1: 201 SOUTH FOURTH STREET STREET 2: P O BOX 10 CITY: MARTINS FERRY STATE: OH ZIP: 43935 BUSINESS PHONE: 7406330445 MAIL ADDRESS: STREET 1: 201 SOUTH FOURTH STREET STREET 2: P O BOX 10 CITY: MARTINS FERRY STATE: OH ZIP: 43935 8-K 1 k16398e8vk.txt CURRENT REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): JULY 2, 2007 UNITED BANCORP, INC. (Exact name of registrant as specified in its charter) OHIO 0-16540 34-1405357 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.)
201 SOUTH 4TH STREET, MARTINS FERRY, OHIO 43935-0010 (Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (740) 633-0445 ________________________________________________________________________________ (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 8.01. OTHER EVENTS. On July 2, 2007, United Bancorp, Inc. issued a press release announcing the successful consummation of the merger of its wholly-owned commercial bank subsidiaries, The Glouster Community Bank, Lancaster, Ohio, and The Citizens Savings Bank, Martins Ferry, Ohio, under the charter of the latter. The press release is attached as Exhibit No. 99 and incorporated herein by reference. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits The following exhibits are furnished herewith:
EXHIBIT NUMBER EXHIBIT DESCRIPTION - ------- ------------------- 99 Press release, dated July 2, 2007, announcing the successful consummation of the merger of the Company's wholly-owned commercial bank subsidiaries, The Glouster Community Bank, Lancaster, Ohio, and The Citizens Savings Bank, Martins Ferry, Ohio.
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto authorized. Dated: July 2, 2007 UNITED BANCORP, INC. /s/ Randall M. Greenwood ---------------------------------------- Randall M. Greenwood Senior Vice President and Chief Financial Officer EXHIBIT INDEX
EXHIBIT NUMBER EXHIBIT DESCRIPTION - ------- ------------------- 99 Press release, dated July 2, 2007, announcing the successful consummation of the merger of the Company's wholly-owned commercial bank subsidiaries, The Glouster Community Bank, Lancaster, Ohio, and The Citizens Savings Bank, Martins Ferry, Ohio.
EX-99 2 k16398exv99.txt PRESS RELEASE EXHIBIT 99 (UNITED BANCORP, INC. LOGO) P. O. BOX 10 - MARTINS FERRY, OHIO 43935 - Phone: 740/633-BANK Fax:740/633-1448 We are United to Better Serve You PRESS RELEASE UNITED BANCORP, INC. 201 South 4th at Hickory Street, Martins Ferry, OH 43935 Contact: James W. Everson Randall M. Greenwood Chairman, President and CEO Senior Vice President, CFO and Treasurer Phone: (740) 633-0445 Ext. 120 (740) 633-0445 Ext. 181 ceo@unitedbancorp.com cfo@unitedbancorp.com FOR IMMEDIATE RELEASE: July 2, 2007 SUBJECT: UNITED BANCORP, INC. REPORTS SUBSIDIARIES MERGED MARTINS FERRY, OHIO - - - On July 1, 2007, United Bancorp, Inc. ("Company"), Martins Ferry, Ohio, successfully effected the merger of its wholly-owned subsidiaries, The Glouster Community Bank ("Community"), Lancaster, Ohio, and The Citizens Savings Bank ("Citizens"), Martins Ferry, Ohio, under the charter of the latter. The Boards of both Citizens and Community have endorsed the consolidation, and the Company has received all necessary approvals from the Federal Deposit Insurance Corporation and the Ohio Division of Financial Institutions. The Company expects the full integration of the two organizations to be completed by year end. While each of the banks will be combined under the charter of Citizens, the Company intends to continue to capitalize on established branding in the markets of each institution. In that respect, Community will operate under the trade name "The Community Bank, a Division of The Citizens Savings Bank" and Citizens will operate under the trade name "The Citizens Bank, a Division of The Citizens Savings Bank". The Company expects earnings improvement to occur over the next twelve to eighteen months as a result of enhanced operating and cost efficiencies to be realized from the consolidation. In addition, the combined institution will have an expanded $5 million lending authority and offer improved products and services to its customers. A key focus of the consolidation involves the centralization of executive authority under Citizens' proven management structure. Citizens' performance has been perennially ranked in the upper quartile of all banks in the United States. James W. Everson, Chairman, President and CEO of United Bancorp, Inc. stated, "Citizens' quick loan approval policy that is practiced in our Tuscarawas and Belmont County Offices will be in place for our Athens and Fairfield County offices." Everson continued, "Including Community Board members on the Board of the combined institution was essential if the Company was to realize the full potential of the combination. We are pleased to report that Samuel J. Jones, Business Owner, Glouster, Ohio; Terry A. McGhee, President and CEO, Westerman, Inc., Bremen, Ohio; Andrew F. Phillips, President and General Manager, Miller Brands of South East Ohio, Glouster, Ohio; Robin L. Rhodes, M.D., Physician, Pediatric Associates of Lancaster, Inc., Lancaster, Ohio; and L.E. "Dick" Richardson, Jr., Retired President, Southern Ohio Community Bancorporation, Inc., Glouster, Ohio have accepted the Company's invitation to become members of The Citizens Savings Bank Board." Everson concluded, "We are proud to announce their acceptance and firmly believe their extensive community involvement and knowledge of Athens and Fairfield Counties will provide a significant future benefit to our customers, employees and shareholders." United Bancorp, Inc. is a registered bank holding company headquartered in Martins Ferry, Ohio with total consolidated assets of approximately $422.1 million and total shareholder's equity of approximately $32.8 million as of March 31, 2007. Through its seventeen banking offices and operations center, The Citizens Savings Bank serves the Ohio Counties of Athens, Belmont, Carroll, Fairfield, Harrison, Hocking, Jefferson and Tuscarawas. The Company trades on The NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109. Certain statements contained herein are not based on historical facts and are "forward-looking statements" within the meaning of Section 21A of the Securities Exchange Act of 1934. Forward-looking statements which are based on various assumptions (some of which are beyond the Company's control), may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of these terms. Actual results could differ materially from those set forth in forward-looking statements, due to a variety of factors, including, but not limited to, those related to the economic environment, particularly in the market areas in which the company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset/liability management, changes in the financial and securities markets, including changes with respect to the market value of our financial assets, and the availability of and costs associated with sources of liquidity. The Company undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise. -----END PRIVACY-ENHANCED MESSAGE-----