United Bancshares, Inc. and The Union Bank Company Announce Management Changes
March 16, 2016 at 08:30 pm
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The board of directors of United Bancshares Inc. accepted the resignation of Anthony M.V. Eramo, the Company's Senior Vice President and Chief Financial Officer, but announced he has agreed to serve on the board of the company's wholly-owned subsidiary, The Union Bank Company . Effective April 1, 2016, the Board of Directors has appointed Daniel J. Lucke, current Controller of the Bank, to serve as the Chief Financial Officer of the Company and the Bank on an interim basis until the Board identifies a permanent replacement. Mr. Lucke will continue to also serve as Controller of the Company and the Bank during this time.
Mr. Lucke has over 24 years of professional experience in various roles including Controller, Finance Director, and Staff Accountant.
United Bancshares, Inc. is a financial holding company. Its principal subsidiary is The Union Bank Company (Union Bank). Its core business operations are conducted through its subsidiaries, Union Bank and UBC Risk Management, Inc. (UBC Risk Management). Union Bank is a full-service community bank offering a full range of commercial and consumer banking services. Union Bank offers a range of deposit services, including checking accounts, savings and money market accounts, certificates of deposit and individual retirement accounts. Wealth management services are offered by Union Bank through an arrangement with LPL Financial LLC, a registered broker/dealer. Union Bankâs loan products include commercial and residential real estate loans, agricultural loans, commercial and industrial loans, home equity loans, various types of consumer loans and others. UBC Risk Management is a captive insurance subsidiary that insures various liability and property damage policies for the Company.
UNITED BANCSHARES, INC. 
