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S.B.C.P. Bancorp, Inc. Announces Agreement to Acquire Union Bancorp of Evansville, Inc.

 

January 17, 2019



S.B.C.P. Bancorp, Inc. (“SBCP”) and Union Bancorp of Evansville, Inc. (“Union Bancorp”), the bank holding company for Union Bank & Trust Company (“UB&T”), jointly announced today the signing of an Agreement and Plan of Reorganization under which SBCP will acquire Union Bancorp and its subsidiary bank, UB&T, in a cash and stock transaction. The transaction has been unanimously approved by the boards of directors of each company and is expected to close in the second quarter of 2019, subject to customary closing conditions, including approval from the shareholders of Union Bancor...



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