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Stockholders in local bank to get extra green

The United National Bank Board of Directors announced this week its intention to pay a dividend of $1.25 a share to all shareholders of record as of June 1, 2017. The dividend will be paid on July 1, 2017. 
The bank, which was founded in 2000 has paid out a dividend every year since 2003. Over the course of the last 14 years, the bank has paid its stockholders a total of $7,599,805.40.
United National Bank reported earnings of $2.014 million in 2016 and closed the year with total assets exceeding $207 million.
United National Bank Chairman Charles M. Stafford stated, “It is very rewarding for the board to be able to give back to the shareholders who have invested in our locally owned bank. This dividend is evidence of the strong profitability of our bank.”
United National Bank President and CEO Mike Chastain commented, “The dividend reflects not only the bank’s excellent operating results but also the confidence of the board of directors in the bank’s future. We are excited about the opportunities that lie ahead for us.”
President Chastain also said, “Over the last 17 years the support of this community, our shareholders and our customers have made our bank the successful financial institution it is today.”  
Chairman Stafford thanked the members of the board of directors for their continued leadership and acknowledged the service of the bank’s 32 employees. Stafford said, “The dedication and compassion of our employees to build a solid foundation in customer service has been unmatched since the day our doors opened in 2000. They are the finest people anywhere and we appreciate the contribution of each one.”

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