Union Bankshares, Inc. of Mena has introduced its plan to unify the group underneath a typical title and financial institution constitution. At present, the holding firm operates two Arkansas financial institution charters, Union Financial institution and First Nationwide Financial institution at Paris, with branches working underneath the First Nationwide Financial institution and Neighborhood Nationwide Financial institution manufacturers.
First Nationwide Financial institution at Paris and Neighborhood Nationwide Financial institution have been a part of the Union Financial institution household since 2005, working inside the Union Bankshares, Inc. holding firm. In February 2024, the constitution consolidation is anticipated to be finalized, and all 9 places of work in 5 counties will function underneath the title Union Financial institution.
Prospects can have the comfort of doing enterprise at any of the financial institution’s 9 places in Booneville, Caulksville, Clarksville, Hatfield, Mena, Ozark, Paris, Waldron, and Wickes. The unification of the banks underneath a typical title and constitution goals to leverage their mixed strengths and proceed investing of their prospects and communities.
In keeping with Jarrod Yarnell, Chief Government Officer of Union Financial institution, the consolidation will get rid of the confusion of getting three distinct names inside the holding firm whereas sustaining the identical possession, administration, and operations. The financial institution stays dedicated to native bankers making native choices and emphasizes its standing because the premier native financial institution in Arkansas’ West Central and River Valley communities.
Steven Sosebee, River Valley Market President of Union Financial institution, highlights the financial institution’s relationship-based enterprise mannequin and its dedication to constructing long-term belief with prospects. The upcoming frequent title and banking constitution mirror the financial institution’s strengthened allegiance to the communities it serves.
Total, the unification of Union Bankshares, Inc. underneath a typical title and financial institution constitution is aimed toward maximizing the financial institution’s potential and reinforcing its dedication to prospects and communities.