COLUMBUS GROVE — United Bancshares recently announced Daniel W. Schutt is now the company’s chairman.
Before his promotion, Schutt was the director of both The Union Bank Company and United Bancshares since 2005. He was also the Vice Chairman of United Bancshares since April 2015, had served as the President and Chief Executive Officer of the Union Bank Company and United Bancshares from January 2005 to July 2012.
Schutt was chosen for the position because of his valuable insight, industry knowledge, has over 50 years of experience, according to President and CEO of United Bancshares, Brian D. Young.
“Mr. Schutt has valuable and unique insights into the business activities of the corporation. He will use those experiences and his strong management acumen and integrity to provide great leadership for the board,” Young said in a news release.