Union Bank's board Sept. 19 declared a semiannual cash dividend of 10 cents per common share, an increase from the previous issuance of 9.75 cents per share.

It will be paid Dec. 31 to shareholders of record as of Dec. 13.

The Greenville, N.C.-based community bank reported third-quarter net income of $1.9 million, or 32 cents per share, up from $1.7 million, or 29 cents per share, in the same period of 2018.