EXHIBIT 99.1

                                  PRESS RELEASE

Date:    April 22, 2003

TECUMSEH, Mich. -- United Bancorp, Inc. reports that the first quarter of 2003
was the best first quarter that the financial services company has experienced.
Net income reached $1,782,663, which is 9.8% higher than the $1,623,084 of the
first quarter of 2002.

At its Annual Meeting of Shareholders held on April 15, 2003, Joseph D. Butcko
of Saline, Robert K. Chapman of Ann Arbor, and George H. Cress of Ann Arbor were
reelected directors of the holding company. Kathryn M. Mohr of Britton was newly
elected to a three-year term.

United Bancorp, Inc. is a financial holding company that is the parent company
for United Bank & Trust and United Bank & Trust -- Washtenaw. The subsidiary
banks operate 17 banking offices in Lenawee, Washtenaw and Monroe Counties, and
have assets under management totaling $1.401 billion.













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