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Union National reports Q4 loss
Union National Financial Corp. reported a fourth-quarter
loss of $899,000, or 33 cents per diluted share, after taking a charge related
to investments. The result was a decrease from a loss of $62,000, or 2 cents
per share, in the prior-year period.
For all of 2008, the Lancaster County
financial company reported earnings of $444,000, or 17 cents per share. That
was up from earnings of $312,000, or 12 cents per share, in 2007.
The fourth-quarter loss was driven by a $1.3 million charge
related to a decline in the value of two investment securities, Union National
Financial reported.
Union National Financial, parent of Union National Community
Bank, said it would continue a freeze on dividend payments for the first
quarter of 2009.
Union National Financial shares are traded over the counter
under the symbol UNNF.
