United National Bank boosts its dividend, celebrating 15th anniversary

United National Bank is gearing up for the celebration of its 15th anniversary later this month and shareholders in the bank will have a little more to celebrate after it was announced this week the bank will be paying a dividend of $1.25 per share to all shareholders of record as of June 1, 2015.
The bank’s board of directors recently approved the 25 cents per share increase over last year’s dividend.
The dividend totals $968,552.50 that will be paid out to bank shareholders on July 1, 2015.
United National Bank reported earnings of $2.4 million in 2014 and ended the year with total assets of $178 million.
“The board is pleased to be able to give back to the shareholders who have invested in our bank. This is very rewarding for everyone because this shows the strong profitability of our bank,” Chairman Charles M. Stafford said this week.
United National President and CEO Mike Chastain commented, “The dividend reflects not only the bank’s excellent operating results, but also the confidence the board of directors has in the bank’s future. We are excited about the opportunities that lie ahead for us.”
Chastain added, “United National Bank understands the importance of providing service that has value to our stockholders and customers. We emphasize convenience, integrity and personal attention.”
“I thank our board of directors for their continued leadership and our dedicated employees for the excellent work they do day in and day out. It is because of you that we continue to be successful.
United National Bank was organized as a locally owned financial institution in 2000 and is celebrating its 15th anniversary this month, Chastain said.