United National Bank is celebrating its anniversary by sharing profits
United National Bank posted strong earnings in 2015 and shareholders will benefit from those earnings very soon. The bank’s financial performance has also earned UNB a top ranking among the nation’s top community banks.
The bank’s board of directors recently voted unanimously to pay a dividend of $1.25 per share to all shareholders of record as of June 1, 2016. The cash dividend total, $968,552.50, will be paid on July 1, 2016.
“We are very pleased that our 2015 financial performance allows us to pay a dividend. Strength, stability and security in a local bank means a great deal to our customers and shareholders,” Chairman of the Board Charles M. Stafford said.
United National Bank is celebrating its 16th anniversary in 2016 and it ended 2015 with total assets of $191,210,000.
“Over the last 16 years, the support of this community, our shareholders and our customers have made our bank extremely successful. We are very pleased to share the earnings of the bank with the people who made it a reality. One of the most important benefits of a locally owned bank is that the earnings remain in the community,” UNB President and CEO Michael L. Chastain said.
Chairman Stafford also recognized the continued leadership of the bank’s directors and the 32 dedicated employees of the bank for United National’s continued success.
“Our employees’ dedication and passion for excellent customer service is unmatched and it has been that way since we opened our doors in 2000,” Chairman Stafford said.
United National Bank was spotlighted in the American Banker magazine in its May 2016 edition. The national magazine ranked UNB 124 out of the top 200 community banks in the country. The magazine annually ranks the nation’s top community banks by total assets, market value, return on average equity, net interest margin, net income, noninterest income, efficiency ratios and percentage of total risk-based capital.
UNB and seven other Georgia banks made the top 200 including Thomasville National Bank, which was rated number five.
United National Bank had net income of $2,277,000 in 2015.
The bank is celebrating its 16th anniversary and hosting a customer appreciation event this Friday from 11 a.m. until 2 p.m. See the bank’s ad in this edition of The Cairo Messenger for details.
