Union Bank recognized as best bank in W.Va.
MIDDLEBOURNE — Union Bank Inc. headquartered in Middlebourne has been recognized by Newsweek magazine as the Best Small Bank in West Virginia.
“We are truly honored to receive this national recognition. We serve small and rural communities where our customers are our friends and our neighbors. We just try to be the best bank we can be for our customers and the communities we serve,” Tim Aiken, president and CEO of Union Bank, said.
“While it is very humbling to receive this type of recognition, it is simply recognition of what we have always been and always strived to be a community bank that serves our communities through our relationships with our customers,” he said. “I give all the credit for the Newsweek recognition to our fine staff at all of our locations. They go above and beyond to help our customers and to always try to do the right thing. I am very proud of our staff.”
To identify America’s Best Banks, LendingTree with Newsweek initially looked at more than 2,500 FDIC-insured financial institutions. LendingTree supplied the data and made recommendations for a proprietary scoring system developed by Newsweek, based on the factors that would be most important to consumers for that type of bank or account.
Data sources for the project included DepositAccounts.com, information published by each bank, quarterly call reports filed with the FDIC, Consumer Financial Protection Bureau complaints and mobile app reviews.
All together, 55 separate factors were assessed, covering a wide variety of fees, current and historical interest rates, account terms, consumer service features, mobile app satisfaction and bank profile.
Union Bank has approximately $300 million in assets with full-service locations in Middlebourne, Sistersville, St. Marys, Hundred, New Martinsville, Pennsboro and Harrisville, a limited-service drive-thru branch in Ellenboro and a loan production office in Marietta that serves the Parkersburg-Marietta area.