Union Bankshares, Inc. of Mena has introduced its plan to unify the group below a standard identify and financial institution constitution. At the moment, the holding firm operates two Arkansas financial institution charters, Union Financial institution and First Nationwide Financial institution at Paris, with branches working below 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 workplaces in 5 counties will function below the identify Union Financial institution.
Clients can have the comfort of doing enterprise at any of the financial institution’s 9 areas in Booneville, Caulksville, Clarksville, Hatfield, Mena, Ozark, Paris, Waldron, and Wickes. The unification of the banks below a standard identify and constitution goals to leverage their mixed strengths and proceed investing of their prospects and communities.
In accordance with Jarrod Yarnell, Chief Govt Officer of Union Financial institution, the consolidation will eradicate 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 selections 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 widespread identify and banking constitution replicate the financial institution’s strengthened allegiance to the communities it serves.
Total, the unification of Union Bankshares, Inc. below a standard identify and financial institution constitution is aimed toward maximizing the financial institution’s potential and reinforcing its dedication to prospects and communities.