Stevenson Named Senior Chair of Union Bank of Mena

SUBMITTED –

Union Bank Shares, Inc. and it’s wholly owned subsidiary, the Union Bank of Mena, announced at its July board meeting that Ed Stevenson, who has served as Chairman of the Board of Directors of both companies since 1990, has assumed the role of Senior Chairman.  David Maddox has been named Chairman of the Board of the Union Bank of Mena and John Stevenson has been named as Chairman of the Board of Union Bank Shares, Inc.

Maddox has served as Director of the Union Bank of Mena and Union Bank Shares since November of 1981, and has served as Vice Chairman of Union Bank Shares since August of 2014. He is an attorney in Mena with the law firm of Maddox and Maddox.  Maddox has been past president and member of the Mena Lions club, past Chairman of the Polk County Library Board and presently serves as Polk County Civil attorney.  He has served in leadership capacities with the Arkansas Bar Association as noted by serving as Special Justice on the Arkansas Supreme court on two separate occasions.  His civic duties include board member of the Southwest Artists, former Adjunct Professor teaching both Principles of Banking and Principles of Real Estate at Rich Mountain Community College.  He is currently a trustee and member of Christ Community Fellowship Church.  Maddox is a graduate of the University of Arkansas and the University of Arkansas Law School, and Oden High School.

John Stevenson has served as Director of Union Bank Shares, Inc. September of 2008.  He is currently the Chief Financial Officer for Terra Energy Partners, an oil and gas Exploration and Production Company, in Houston, Texas.  He has worked in the banking and corporate sectors in a variety of finance roles for 28 years.   He is a graduate of Southern Methodist University, The Wharton School of Business at the University of Pennsylvania , and Mena High School.

Philip Hensley President and CEO of Union Bank Shares said; “I was born and raised in Mena and I have known these three men for many years.  They are true examples of our company’s philosophy of hometown banking at its best.  Banking has changed over the years but one area that has not changed is banking is still about relationships you form with your customers and the loyalty to our community that we make this the best place to live.”

The Union Bank of Mena is the largest bank in Polk County based on deposits and loans outstanding generated locally.  It is wholly- owned by Union Bank Shares, which also owns the First National Bank in Paris, Arkansas and is one of the 50 largest bank holding companies in Arkansas based on deposits.

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Jeri Pearson

Jeri is the News Director for Pulse Multi-Media and Editor of The Polk County Pulse. She has 10 years of experience in community focused journalism and has won multiple press association awards.

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