First United Bancshares, Inc. holds annual stockholders' meeting.EL DORADO El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. , Ark.--(BUSINESS WIRE)--May 28, 1996--At the annual meeting of stockholders of First United Bancshares, Inc. held today at the First National Bank of El Dorado, all of the eighteen (18) nominees were re-elected as directors for the ensuing year. They are: E. Larry Burrow, Claiborne P. Deming, William A. Eckert, Jr., James V James V, king of Scotland James V, 1512–42, king of Scotland (1513–42), son and successor of James IV. His mother, Margaret Tudor, held the regency until her marriage in 1514 to Archibald Douglas, 6th earl of Angus, when she lost it to John . Kelley, Roy E. Ledbetter, Michael F. Mahony, Richard H. Mason, Jack W. McNutt, William E. Morgan, R. Madison Murphy, Robert C. Nolan, Paula M. O'Connor, Katherine Patton Ozment, Cal Partee, Jr., Chesley Pruet, John D. Trimble, Jr., Ralph C. Weiser, and Dr. David M. Yocum, Jr. Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing LLP LLP - Lower Layer Protocol was appointed as the independent auditors of First United for the 1996 fiscal year. "1995 was an eventful e·vent·ful adj. 1. Full of events: an eventful week. 2. Important; momentous: an eventful decision. year for First United," stated James V. Kelley, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of First United. "With our ongoing acquisition efforts, as well as our upcoming investment in new management information and product delivery systems, we feel that First United is well-positioned for the future. We are focusing on the development and implementation of new products and services which will ultimately increase our bottom line," said Kelley. "Another positive development for First United has been the formation of a new subsidiary, First United Trust Company, N.A.," Kelley said. "We are excited about the additional opportunities this company will provide for First United." First United Bancshares, Inc., with $1.4 billion in assets, is a multi-bank holding company with 8 affiliate banks serving 22 communities in Arkansas and Texas. In addition, First United has signed a definitive agreement to acquire Carlisle Bancshares, Inc., a $105 million bank holding company with three subsidiary banks located in Carlisle, Ark., Brinkley, Ark., and Hazen, Ark. First United stock is listed on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market system under the symbol "UNTD." CONTACT: First United Bancshares, Inc., El Dorado John E. Burns, 501/863-3181 |
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