Union Bankshares of Mena to unify bank name under charter

by Talk Business & Politics staff ([email protected]) 566 views 

Union Bankshares, Inc. of Mena announced a plan to unify the organization under a common name and bank charter.

The Union Bankshares, Inc. holding company operates two Arkansas bank charters, Union Bank and First National Bank at Paris. First National Bank at Paris operates branches under the First National Bank and Community National Bank brands.

First National Bank at Paris and Community National Bank have long been a part of the Union Bank family, operating within the Union Bankshares, Inc. holding company since 2005.

The charter consolidation is expected to be finalized in February 2024, at which time all nine offices in five counties will operate as Union Bank.

Customers will be able to do business at any of the bank’s nine locations in Booneville, Caulksville, Clarksville, Hatfield, Mena, Ozark, Paris, Waldron, and Wickes.

“Unifying our banks under a common name and charter will allow us to fully leverage our combined strengths, as we continually invest in our customers and communities,” said Jarrod Yarnell, Chief Executive Officer of Union Bank. “The confusion of having three distinct names within our holding company will be gone, but our ownership, management and operations will remain just as they are today. We remain firm in our commitment to local bankers making local decisions,” he added.

“We’ve always been the premier local bank in Arkansas’ West Central and River Valley communities. As a community bank, we take great pride in our relationship-based business model focused on building long-term trust with our customers. After all, we live in your community too, and your success is our success,” said Steven Sosebee, River Valley Market President of Union Bank. “Our allegiance to our communities is stronger than ever with our soon-to-be common name and banking charter.”