Retirement of Michael J. Arciello from the Board of Directors:
Effective July 14, 2009, Michael J. Arciello has retired, becoming Director Emeritus of the Board of Directors of both United Bancorp, Inc. (the "Company") and its wholly-owned commercial bank subsidiary, The Citizens Savings Bank (the "Bank"). Mr. Arciello has been a valued member of the Company's Board of Directors since 1987.
Appointment of Scott A. Everson to the Board of Directors:
Effective July 14, 2009, the Board of Directors appointed Scott A. Everson to fill the vacancy created on the Company's Board by Mr. Arciello's retirement. Mr. Everson currently serves as both the Senior Vice President of the Company and the President and Chief Executive Officer of the Bank. He began his career with the Bank as a Student Intern in 1988 and was named a director and President and Chief Operating Officer of the Bank in April 2002. He was appointed Chief Executive Officer of the Bank in November 2004.
As a member of the Company's Board of Directors, Mr. Everson will receive an annual retainer fee of $7,500 and $665 per meeting attended. It has not been determined at present which Committees of the Company's Board of Directors, if any, that Mr. Everson will serve upon. Each member of the Company's Executive Committee and Compensation Committee receives $244 for each meeting attended, and each member of the Audit Committee receives $284 per Audit Committee meeting attended (other than those held in connection with a full meeting of the Board of Directors). Mr. Everson currently participates in the Director Deferred Compensation Plan available to members of both the Company's and the Bank's Boards of Directors.
In addition, the Company, through the Bank, generally engages in the lending of money to Directors and executive officers, including their related interests. All such loans (i) are made in the ordinary course of business,
(ii) are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons, and (iii) do not involve more than a normal risk of collectability or present other unfavorable features. Item 9.01. Financial Statements and Exhibits.
(d) Exhibits The following exhibits are furnished herewith:

Exhibit
Number    Exhibit Description

99        Press release, dated July 15, 2009, announcing Registrant's unaudited
          results of operations and financial condition for and as of the three
          and six month periods ended June 30, 2009.

Dated: July 20, 2009 /s/ Randall M. Greenwood Randall M. Greenwood Senior Vice President and Chief Financial Officer

                                 Exhibit Index

Exhibit
Number    Exhibit Description

99        Press release, dated July 15, 2009, announcing Registrant's unaudited
          results of operations and financial condition for and as of the three
          and six month periods ended June 30, 2009.