United Bancshares Inc., parent company of The Union Bank Co., has completed its acquisition of The Ohio State Bank in a cash transaction worth about $4,290,237, a news release from United Bancshares announces. Performance Trust Capital Partners LLC served as financial adviser to United Bancshares, and Dinsmore & Shohl LLP served as the company's legal counsel. Shumaker, Loop & Kendrick LLP served as legal counsel to Ohio State Bancshares and Rbancshares.