United Bank & Trust and Old National announce planned partnership
We are pleased to inform you about a significant change that will be happening in the coming months. On January 8, 2014, United Bancorp, Inc. and its wholly-owned subsidiary United Bank & Trust announced it is joining forces with Old National Bancorp and Old National Bank. This partnership will involve 18 United Bank & Trust offices in Lenawee, Livingston, Monroe and Washtenaw counties, and it will introduce Old National to the Ann Arbor community.
The leadership teams at United Bank & Trust and Old National are excited about this partnership which will bring together two banks recognized for exceptional client service and a strong community focus. In celebration, Old National and United announced their intention to collectively donate an additional $20,000 to United Way organizations throughout United’s markets.
In addition, it will result in a greatly enhanced suite of products and services for the clients of both banks, including expanded personal and business banking and wealth management services. Clients will also benefit from a larger network of ATMs and more than 180 banking centers in Michigan, Indiana, Southern Illinois, Western Kentucky and Louisville.
We anticipate that the United branches will open as Old National banking centers in late summer of 2014.1 At this time, United clients will not experience any changes in their banking relationship and should continue banking as normal - using existing accounts, online services, ATMs and banking centers. Both United and Old National will work closely to ensure that the transition will be as seamless as possible, with our collective commitment to the same high-quality of service United clients have come to expect.
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1. The acquisition of United Bancorp, Inc./United Bank & Trust is pending and is subject to the approval from applicable regulatory authorities and the shareholders of United as well as the satisfaction of customary closing conditions.