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State Bank of Cross Plains merges

 

January 24, 2019



State Bank of Cross Plains (SBCP) Bankcorp, Inc. and Union Bancorp of Evansville, Inc., the bank holding company for Union Bank & Trust Company (UB&T), jointly announced on Jan. 3 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 board of directors of each company have unanimously approved the transaction.

Jim Tubbs, President and CEO of State Bank of Cross Plains, said, “We are extremely excited to have the opportunity to join forces with the UB&T team and to continue the...



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