8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENTREPORT

Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 17, 2021

UNITED BANCORP, INC.

(Exact name of registrant as specified in its charter)

Registrant’s telephone number, including area code: (740)633-0445

(Former nameor former address, if changed since last report.)

Securities registered pursuant to Section 12(b) of the Act:

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

On February 18, 2021, United Bancorp, Inc. issued a press release announcing the declaration by its Board of Directors on February 17, 2021 of the Company’s regular and special dividends for the first quarter of 2021, both of which will be payable on March 19, 2021 to shareholders of record on March 10, 2021. A copy of the press release is furnished herewith.

The following exhibits are furnished herewith:

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EX-99

EXHIBIT 99

201 S. Fourth Street, Martins Ferry, OH 43935 | 888.275.5566 | UnitedBancorp.com

We Are UNITED ... To Better Serve You!

PRESSRELEASE

United Bancorp, Inc. 201 South 4th at Hickory Street, Martins Ferry, OH 43935

United Bancorp, Inc. Declares a Quarterly Cash Dividend of $0.1425 per Common Share Producing a

Forward Yield of 4.32% and Announces a Special Dividend Payment of $0.10 per Common Share

MARTINS FERRY, OHIO ◆◆◆ On February 17, 2021, the Board of Directors of United Bancorp, Inc. (UBCP) declared a first quarter cash dividend of $0.1425, which is payable on March 19, 2021, to shareholders of record on March 10, 2021. At this level, the regular cash dividend produces a forward yield of 4.32% based on the market value at the most recent quarter end.

In addition to this regular cash dividend payment, the Board of Directors of United Bancorp, Inc. also approved a special, one-time dividend of $0.10 per common share, which will also be payable on March 19, 2021, to shareholders of record on March 10, 2021. After not increasing the regular cash dividend payment level for the previous three quarters as a matter of prudence due to the COVID-19 pandemic, The United Bancorp, Inc. Board of Directors approved this special cash dividend based on the Company’s continued solid earnings and strong capital position. Inclusive of the first quarter dividend payments of $0.2425, United Bancorp, Inc. has paid cash dividends of $0.67 over the course of the trailing twelve months compared to total cash dividend payments of $0.555 for the preceding trailing twelve-month period ending in the first quarter of last year, an increase of 20.7%.

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $693.4 million and total shareholder’s equity of $68.3 million as of December 31, 2020. Through its single bank charter, Unified Bank, the Company currently has twenty banking centers that serve the Ohio Counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson and Tuscarawas and Marshall County in West Virginia. The Company also operates a Loan Production Office in Wheeling, WV (Ohio County). United Bancorp, Inc. trades on the NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109.