United Bancorp, Inc. Declares a Regular Cash Dividend Payment of $0.13 Per Share...

United Bancorp, Inc. Declares a Regular Cash Dividend Payment of $0.13 Per
Share and Reports on Annual Shareholder Meeting

MARTINS FERRY, Ohio, April 17 /PRNewswire-FirstCall/ -- On April 16, 2008,
the Board of Directors of United Bancorp, Inc. (Nasdaq: UBCP) declared the
second quarter dividend payment of $0.13 per share for shareholders of record
on May 23, 2008, with a payment date of June 20, 2008, 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 announced the Shareholders
of UBCP approved the four proposals presented to them at the Annual Meeting
held that date including the election of Directors for the following year
including himself, Michael J. Arciello, Retired Vice President of Finance,
Nickles Bakeries, Inc., Navarre; John M. Hoopingarner, General Manager,
Muskingum Watershed Conservancy District, New Philadelphia; Samuel J. Jones,
Business 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; 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 and is a bank
holding company with total assets of approximately $447.2 million and total
shareholder's equity of approximately $34.2 million as of March 31, 2008.
Through its seventeen banking offices and operations center, The Citizens
Savings Bank serves the Ohio Counties of Athens, Belmont, Carroll, Fairfield,
Harrison, Hocking, Jefferson and Tuscarawas. The Company trades on The NASDAQ
Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip
#909911109.
SOURCE United Bancorp, Inc.

James W. Everson, Chairman, President and CEO, +1-740-633-0445, Ext. 120,
ceo@unitedbancorp.com; or Randall M. Greenwood, Senior Vice President, CFO and
Treasurer, +1-740-633-0445, Ext. 181, cfo@unitedbancorp.com