Scott Will Leave United Bank
by March 18, 2012 7:03 pm 586 views
Readers interested in the local banking hierarchy will want to make note of a pending change at United Bank in Springdale.
Though it’s not an imminent move, a source tells us that president and CEO John Scott will be leaving the institution. Scott joined UB as president in January 2008, and was promoted to CEO about six months later.
Scott, we’re told, tendered his resignation late last week, but he’s expected to be involved directly with the bank until the fall. A search for his replacement is already under way.
Scott’s future involves tractors — specifically, Kubota tractors. He and two other investors recently purchased four Kubota dealerships in Springdale, Berryville, Harrison and Grove, Okla. Terms of the deal weren’t available.
At one time, under previous owners Gene and Donna Baker, those four stores combined made up the largest Kubota dealership group in the country.
David Slone, owner of Superior Auto Group in Springdale, and Travis Woods, a top executive at SAG, are the other investors with Scott.