Corporate Profile

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio, located on the eastern border of Ohio along the Ohio River. Martins ferry is nestled among the many scenic foothills along the Upper Ohio Valley across the river from the greater metropolitan area of Wheeling, West Virginia, 60 miles southeast of Pittsburgh, Pennsylvania and 125 miles east of Columbus, Ohio.

Early settlers to the region found many natural resources readily available, which assisted in the establishment of frontier communities in and around the eastern Ohio areas. Today, in addition to the natural resources still abundant within the region, there remains a plentiful workforce, easy access to interstate highway systems, and nearby river and railway transportation facilities. This economic base is built upon a strong belief in traditional small community values where future growth and development can be nurtured.

These local communities served by the Banks of United Bancorp, Inc. encompass a variety of social and economic cultures. This diversification provides many opportunities for our community banks to develop long-term relationships with customers spanning several generations. The "Hometown" advertising phrase captures the character and integrity of each banking location in relation to the local community it serves.

To better its shareholders, United Bancorp, Inc. ("UBCP") was created as a single bank holding company in July of 1983. This was accomplished through the acquisition of 100% of the voting stock of The Citizens Savings Bank of Martins Ferry, Ohio. ("CITIZENS"). In December of 1986, UBCP became a multi-bank holding company through the acquisition of 100% of the voting stock of The Citizens-State Bank of Strasburg, Strasburg, Ohio, ("CITIZENS-STATE").

Common stock of UBCP was initially available through over-the-counter trading. In February of 1994, it began trading on The Nasdaq SmallCaps Market tier of The Nasdaq Stock Market under the trading symbol UBCP.

CITIZENS was originally established as The German Savings Bank in 1902 and remains the lead bank in the multi-bank holding company. In 1974, local markets were expanded through the construction of a full service branch banking facility 6-miles west in nearby Colerain, Ohio. In 1978, expansion continued with the construction of another full service branch bank in Bridgeport, Ohio located 2-miles south. In 1980, a limited service auto-teller location was opened in Martins Ferry one block south of the initial main office location. In 1983, an Automated Teller Machine ("ATM") began operation in nearby Aetnaville, Ohio.

By 1984, CITIZENS had outgrown its original main banking facility in Martins Ferry and subsequently relocated to a newly constructed 21,500 square foot addition to the auto-teller building.

1990 ushered in a new era of in-house data processing with the installation of sophisticated, high-speed equipment capable of servicing current and future information and document processing needs. In 1991, CITIZENS began providing data processing services for CITIZENS-STATE. During 1993, realizing the need for a specific location dedicated to operational support, the accounting, bookkeeping and later data processing functions were established in a separate facility directly across from the main banking center in Martins Ferry.

In mid-1996, check image and statement processing was introduced to all banking locations. The customers would no longer receive their checks and deposit tickets, but would instead receive an image of each transaction. The successes enjoyed by both banks during the conversion from traditional check processing to the radically different image processing were proof that positive change can be accomplished without sacrificing the personalized service and consideration our customers deserve.

In mid-1997, CITIZENS opened a full service Citizens Retail Banking Center inside Riesbeck's Food Markets, Inc.'s St. Clairsville, Ohio store. This site also provides a free standing ATM for additional customer service.

CITIZENS-STATE was also established in 1902 and was originally headquartered in Strasburg, Ohio. It is located in an area of northeastern Ohio whose economy is supported by agriculture and light industry. It has also benefited as a 'bedroom community' for the Akron-Canton metropolitan areas.

In 1990, a full service banking facility was constructed 6-miles south in Dover, Ohio. During 1992, expansion continued with the acquisition of 2 branch bank locations in New Philadelphia and Sherrodsville, Ohio. Later, in 1994, a branch bank was purchased in Dellroy, Ohio.

Although United Bancorp, Inc. remains dedicated to our community banking philosophy, which management considers to be our cornerstone of success, recognizing the needs of our customers for today and into the future is a must to stay ahead of our competition. During 1997, we introduced a Secondary market Real Estate Mortgage Program. This program allows us to offer affordable fixed rate loan products to our current customers and provides us with the opportunity to expand our marketing area. The additional exposure to potential customers affords us the opportunity to 'cross-sell' additional depository and lending products. This program coupled with the 1994 introduction of The Ohio Company Brokerage Services is our commitment to expand services to our customer base.

Management is deeply committed to meet the financial needs of individuals and business. Our goal is to foster the community banking philosophy into the next millennium without sacrificing our "Hometown" banking image and beliefs.