United Bancorp Inc. on Oct. 15 completed the acquisition of Powhatan Point Community Bancshares Inc.

Also, the United Bancorp board increased the board's size by one member; and Carl Novak was appointed as a director of the company, pursuant to the deal between the two companies for a Powhatan director to be appointed as a board member. Novak was also appointed as a director of unit Unified Bank.

As of Sept. 30, Martins Ferry, Ohio-based United Bancorp had $525.3 million in assets, while Ohio-based Powhatan Point had approximately $62.9 million in assets as of June 30, according to S&P Global Market Intelligence data.