United Bancorp, Inc. Reports Earnings of $0.48 per Share for the Nine Months Ended September 30, 2009

MARTINS FERRY, OHIO ••• United Bancorp, Inc. (NASDAQ: UBCP), headquartered in Martins Ferry, Ohio reported earnings of $2,230,000 for the nine months ended September 30, 2009, compared to $2,825,000 for the nine months ended September 30, 2008, a decrease of 21.1%. On a per share basis, the Company’s nine months diluted earnings were $0.48 for 2009, as compared to $0.62 for 2008, a decrease of 22.6%.

Randall M. Greenwood, Senior Vice President, CFO and Treasurer remarked, “The Company’s nine months earnings in 2009 generated an annualized 0.66% return on average assets (“ROA”) and an 8.74% return on average equity (“ROE”), compared to 0.87% ROA and 11.30% ROE for the first nine months in 2008. Comparing the nine month period ending September 30, 2009 to 2008, the Company’s net interest margin was 3.83% compared to 4.08%. However, the Company generated an increase of approximately $25,000 in net interest income due to the increase in average earning assets period over period. Comparing the same periods, Service Charge Income on deposits increased $161,000. On the expense side, the Company’s nine months 2009 earnings were accomplished despite a period over period increase of $649,000 in FDIC Premiums; a $418,000 increase in noninterest expense mostly relating to our expansion into three new banking offices acquired on September 19, 2008 from the FDIC as Receiver; a $109,000 increase in our Provision for Loan Losses and a $76,000 write down in the Company’s servicing asset for its secondary fixed rate mortgage program due to the current low interest rate environment and the related accelerating payoff of loan balances. While the level of net loans charged off to average loans has increased from 0.16% for the nine months ended September 30, 2008 to 0.35% for the nine months ended September 30, 2009, the Company’s net charge-off percentage is well below the June 30, 2009 peer group average of 0.70%. Although the Company’s earnings have decreased, we are confident the 2009 results of operations for the nine months will compare very favorably with our peers in the banking industry.”

James W. Everson, Chairman, President and Chief Executive Officer stated, “During these extremely unusual economic times with uncertainties within the financial sector causing unprecedented government pronouncements, which affirms our wisdom of not participating in TARP, we are pleased to report a continued projection of $0.65 per share earnings for 2009. Although this will not equal last year’s record earnings performance, we shall have a good year.” Everson concluded, “Many of our peers within the financial services industry are finding it necessary to cut or eliminate dividends to preserve capital due to their negative earnings to dividend coverage and high non-performing loans to capital ratio. Our projected annualized cash dividend payment of $0.56 per share, which creates a current yield of 6.5% on the recent trading price of our stock, will be 3.7% over our payment last year. This reflects positively on the earnings performance of our subsidiary bank, The Citizens Savings Bank, its management group and team members.”

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio with total assets of approximately $446.7 million and total shareholder’s equity of approximately $35.0 million as of September 30, 2009. Through its single bank charter with its twenty banking offices and an operations center, The Citizens Savings Bank through its Community Bank Division serves the Ohio Counties of Athens, Fairfield and Hocking and through its Citizens Bank Division serves Belmont, Carroll, Harrison, Jefferson and Tuscarawas. United Bancorp, Inc. is a part of the Russell Microcap Index and trades on The NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109.

Certain statements contained herein are not based on historical facts and are "forward-looking statements" within the meaning of Section 21A of the Securities Exchange Act of 1934. Forward-looking statements, which are based on various assumptions (some of which are beyond the Company's control), may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of these terms. Actual results could differ materially from those set forth in forward-looking statements, due to a variety of factors, including, but not limited to, those related to the economic environment, particularly in the market areas in which the company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset/liability management, changes in the financial and securities markets, including changes with respect to the market value of our financial assets, and the availability of and costs associated with sources of liquidity. The Company undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

United Bancorp, Inc. "UBCP"

United Bancorp, Inc. declares its Quarterly Cash Dividend Payment of 14¢ per Share payable on September 18, 2009

MARTINS FERRY, OHIO ••• On August 18, 2009, the Board of Directors of United Bancorp, Inc. (UBCP) declared the third quarter dividend payment of 14¢ per share for shareholders of record on September 4, 2009, with a payment date of September 18, 2009, to be paid out of the Company’s capital surplus account which is represented on the Company’s balance sheets included in its periodic reports filed with the Securities and Exchange Commission as “Additional paid-in capital”.

James W. Everson, Chairman, President and CEO stated United Bancorp has had a policy of rewarding its shareholders through quarterly dividends since its inception in 1983, reflecting its continued positive earnings. “We are particularly happy to announce this projected annualized payment of $0.56 per share which creates a current yield of 7% on the recent trading price of our stock, especially at a time when many within our peer group are cutting or suspending their dividend payments. This reflects positively on the earnings performance of our subsidiary bank, The Citizens Savings Bank, its management group and team members.”

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio with total assets of approximately $451.2 million and total shareholder’s equity of approximately $34.0 million as of June 30, 2009. Through its single bank charter with its twenty banking offices and an operations center, The Citizens Savings Bank through its Community Bank Division serves the Ohio Counties of Athens, Fairfield and Hocking and through its Citizens Bank Division serves Belmont, Carroll, Harrison, Jefferson and Tuscarawas. United Bancorp, Inc. is a part of the Russell Microcap Index and trades on The NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109.

Certain statements contained herein are not based on historical facts and are "forward-looking statements" within the meaning of Section 21A of the Securities Exchange Act of 1934. Forward-looking statements, which are based on various assumptions (some of which are beyond the Company's control), may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of these terms. Actual results could differ materially from those set forth in forward-looking statements, due to a variety of factors, including, but not limited to, those related to the economic environment, particularly in the market areas in which the company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset/liability management, changes in the financial and securities markets, including changes with respect to the market value of our financial assets, and the availability of and costs associated with sources of liquidity. The Company undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

Michael J. Arciello Retires from Board of Directors

MARTINS FERRY, OHIO ¨¨¨ Michael J. Arciello has retired, becoming Director Emeritus, of both United Bancorp, Inc. and The Citizens Savings Bank Boards of Directors. Arciello became a director of United Bancorp and The Citizens-State Bank of Strasburg in 1987. The Citizens-State Bank was merged into the charter of The Citizens Savings Bank in 1999. In addition to his duties as a Director, he served as the Chair for both the company and bank’s Audit Committees.

Scott A. Everson, Senior Vice President of United Bancorp and President & Chief Executive Officer of The Citizens Savings Bank, was appointed to fill Arciello’s vacancy on the United Bancorp Board. Everson began his banking career with The Citizens Savings Bank as a Student Intern in 1988 and was named a director and President & Chief Operating Officer of the bank in April 2002. He was named Chief Executive Officer in November 2004.

Richard L. Riesbeck, Lead Director of United Bancorp, has been appointed Chair of both the company and bank’s Audit Committees. Riesbeck joined The Citizens Savings Bank Board in January 1984 and was a founding director of United Bancorp formed in 1983. He is President of Riesbeck Food Markets, Inc. headquartered in St. Clairsville, Ohio.

United Bancorp, Inc. Reports Earnings of $0.32 Per Share for the Six Months Ended June 30, 2009

MARTINS FERRY, OHIO ••• United Bancorp, Inc. (NASDAQ: UBCP), headquartered in Martins Ferry, Ohio reported earnings of $1,473,000 for the six months ended June 30, 2009, compared to $1,928,000 for the six months ended June 30, 2008, a decrease of 23.6%. On a per share basis, the Company’s six months diluted earnings were $0.32 for 2009, as compared to $0.42 for 2008, a decrease of 23.8%.

Randall M. Greenwood, Senior Vice President, CFO and Treasurer remarked, “The Company’s six months earnings in 2009 generated an annualized 0.65% return on average assets (“ROA”) and an 8.66% return on average equity (“ROE”), compared to 0.88% ROA and 11.42% ROE for the first six months in 2008. Comparing the six month period ending June 30, 2009 to 2008, the Company’s net interest margin was 4.00% compared to 3.96% and generated an increase of approximately $190,000 in net interest income. Comparing the same periods, Service Charge Income on deposits increased $84,000. On the expense side, the Company’s six months 2009 earnings were affected by a period over period increase of $308,000 in FDIC Insurance Premiums; a $589,000 increase in all other noninterest expenses mostly relating to our expansion into three new banking offices acquired on September 19, 2008 from the FDIC; a $95,000 increase in our Provision for Loan Losses and a $76,000 write down of the Company’s servicing asset for its secondary market fixed rate mortgage program due to the current low interest rate environment and the related accelerating payoff of loan balances. Although the Company’s earnings have decreased, we are confident the 2009 results of operations for the six months will compare very favorably with our peers in the banking industry.”

James W. Everson, Chairman, President and Chief Executive Officer stated, “Our budget process continues to tell us we are going to have a good year in 2009, but not another record year as last year. Now knowing the $225,000 FDIC Special Assessment that was levied on us June 30th, we have down-graded our earnings projections from $0.70 per share to $0.65 per share for 2009. Our projected earnings and our liquidity of over $51.0 million being maintained in lower yielding, short term investments both project positively on meeting loan growth and future shareholder return. With our positive marketing programs, strong capital position, good reserves and great liquidity, along with our expanding number of Citizens Savings Bank Team members, we are out there on a daily basis in the communities we serve through our twenty banking offices, doing what we know best.….making loans and supporting our communities with conservative hometown banking practices. And most importantly, we are doing all this without having received any government “bailout” money!”

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio with total assets of approximately $450.8 million and total shareholder’s equity of approximately $33.6 million as of June 30, 2009. Through its single bank charter with its twenty banking offices and an operations center, The Citizens Savings Bank through its Community Bank Division serves the Ohio Counties of Athens, Fairfield and Hocking and through its Citizens Bank Division serves Belmont, Carroll, Harrison, Jefferson and Tuscarawas. United Bancorp, Inc. is a part of the Russell Microcap Index and trades on The NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109.

Certain statements contained herein are not based on historical facts and are "forward-looking statements" within the meaning of Section 21A of the Securities Exchange Act of 1934. Forward-looking statements, which are based on various assumptions (some of which are beyond the Company's control), may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of these terms. Actual results could differ materially from those set forth in forward-looking statements, due to a variety of factors, including, but not limited to, those related to the economic environment, particularly in the market areas in which the company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset/liability management, changes in the financial and securities markets, including changes with respect to the market value of our financial assets, and the availability of and costs associated with sources of liquidity. The Company undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

United Bancorp, Inc. "UBCP"

United Bancorp, Inc. Reports Earnings of $0.17 Per Share for the Quarter Ended March 31, 2009

MARTINS FERRY, OHIO ••• United Bancorp, Inc. (NASDAQ: UBCP), headquartered in Martins Ferry, Ohio reported earnings of $801,000 for the quarter ended March 31, 2009, compared to $903,000 for the quarter ended March 31, 2008, a decrease of 11.3%. On a per share basis, the Company’s first quarter 2009 diluted earnings were $0.17, as compared to $0.20 for the first quarter of 2008, a decrease of 15%.

Randall M. Greenwood, Senior Vice President, CFO and Treasurer remarked, “The Company’s first quarter earnings in 2009 generated an annualized 0.72% return on average assets (“ROA”) and a 9.46% return on average equity (“ROE”), compared to 0.81% ROA and 10.01% ROE for the first quarter in 2008. We are confident the first quarter of 2009 results of operations will compare very favorably with our peers in the banking industry. The Company’s net interest margin of 4.05% for the first quarter of 2009, compared to 3.86% in the first quarter of 2008, generated an increase of approximately $323,000 in net interest income for 2009 as compared to 2008. Service charge income on deposit accounts for 2009 increased $21,000. The Company’s first quarter 2009 earnings level was accomplished despite a period over period increase of $157,000 in the provision for loan losses. In addition, the Company’s noninterest expense increased $332,000 period over period. The majority of this increase relates to our recent expansion of three new banking offices and the additional staff associated with the September 19th , 2008 acquisition of a failed bank from the FDIC as receiver.”

James W. Everson, Chairman, President and Chief Executive Officer stated, “Our Company’s budget process is telling us we are going to have a good year in 2009 at $0.70 per share, but not another record year as this past year. There are too many unknowns out there today that could impact bank earnings that are totally out of our control. We did budget for a 14 basis point increase in FDIC Premiums, yet every now and then we continue to hear there could be a special assessment levied upon the banking industry by the FDIC. The issues surrounding fair value measurements could have an impact on all publicly traded companies income statements.” Everson concluded by stating, “We have a strong management team, a positive marketing program, strong capital, good reserves and great liquidity. Our Citizens Savings Bank Team members, without any government “bailout” money, are out there on a day to day basis in the communities we serve through our twenty banking offices, doing what we know best, making loans and supporting our communities with conservative hometown banking practices.”

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio with total assets of approximately $445.0 million and total shareholder’s equity of approximately $34.1 million as of March 31, 2009. Through its single bank charter now with its twenty banking offices and an operations center, The Citizens Savings Bank through its Community Bank Division serves the Ohio Counties of Athens, Fairfield and Hocking and through its Citizens Bank Division serves Belmont, Carroll, Harrison, Jefferson and Tuscarawas. United Bancorp, Inc. is a part of the Russell Microcap Index and trades on The NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109.

Certain statements contained herein are not based on historical facts and are "forward-looking statements" within the meaning of Section 21A of the Securities Exchange Act of 1934. Forward-looking statements, which are based on various assumptions (some of which are beyond the Company's control), may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of these terms. Actual results could differ materially from those set forth in forward-looking statements, due to a variety of factors, including, but not limited to, those related to the economic environment, particularly in the market areas in which the company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset/liability management, changes in the financial and securities markets, including changes with respect to the market value of our financial assets, and the availability of and costs associated with sources of liquidity. The Company undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

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United Bancorp, Inc. Declares a Regular Cash Dividend Payment of 14¢ per Share and Reports on Annual Shareholder Meeting

MARTINS FERRY, OHIO ••• On April 15, 2009, the Board of Directors of United Bancorp, Inc. (UBCP) declared the second quarter dividend payment of 14¢ per share for shareholders of record on May 22, 2009, with a payment date of June 19, 2009, to be paid out of the Company’s capital surplus account which is represented on the Company’s balance sheets included in its periodic reports filed with the Securities and Exchange Commission as “Additional paid-in capital”. This represents a 7.7% increase over the second quarter payment last year.

James W. Everson, Chairman, President and CEO announced the Shareholders of UBCP at the Annual Meeting held that date elected Directors for the following year including himself, Michael J. Arciello, Retired Vice President of Finance, Nickles Bakeries, Inc., Navarre; John M. Hoopingarner, Executive Director, Muskingum Watershed Conservancy District, New Philadelphia; Samuel J. Jones, Athletic Club Owner, Glouster; Terry A. McGhee, President and CEO, Westerman, Inc., Bremen; Matthew C. Thomas, President, M.C. Thomas Insurance Agency, Bridgeport and Richard L. Riesbeck, President, Riesbeck Food Markets, Inc., St. Clairsville.

The following officers were appointed at the UBCP Reorganization Meeting: James W. Everson, Chairman, President & Chief Executive Officer; Scott A. Everson, Sr. Vice President - Chief Operating Officer; Randall M. Greenwood, Sr. Vice President - Chief Financial Officer & Secretary/Treasurer; Timothy L. Kelley, Vice President – Chief Commercial Banking Officer; Elmer K. Leeper, Vice President – Chief Retail Banking Officer; Michael A. Lloyd, Vice President – Chief Information Officer; James A. Lodes, Vice President – Chief Lending Officer; and Richard L. Riesbeck - Lead Director.

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio with total assets of approximately $445.0 million and total shareholder’s equity of approximately $34 million as of March 31, 2009. Through its single bank charter with its twenty banking offices and an operations center, The Citizens Savings Bank through its Community Bank Division serves the Ohio Counties of Athens, Fairfield and Hocking and through its Citizens Bank Division serves Belmont, Carroll, Harrison, Jefferson and Tuscarawas. United Bancorp, Inc. is a part of the Russell Microcap Index and trades on The NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109.

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