Harrogate's Commercial Bank has agreed to buy Ky. lender

HARROGATE, Tenn. (AP) -- Harrogate-based Commercial Bank says its holding company has agreed to acquire Union National Bancorp of Barbourville, Ky.

The terms of the deal have not been disclosed, and the agreement is still subject to approval by regulators and shareholders.

In a news release, Commercial Bank president and CEO Terry Lee said Union National is attractive for its financial strength, seasoned management and community involvement.

All of Union National's 68 employees will be offered jobs with Commercial Bank.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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