Union Bankshares, Inc. (UNB)

27.59 -0.11 (-0.38%) At close: 04:00PM EDT

Union Bankshares, Inc.

20 Lower Main Street
PO Box 667
Morrisville, VT 05661-0667
United States
802 888 6600
https://www.ublocal.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 197

Key executives

Name	Title	Pay	Exercised	Year born
Mr. David Scott Silverman	President, CEO & Director	598.69k	N/A	1961
Mr. Timothy Willis Sargent	Independent Vice Chairman & Secretary	48.16k	N/A	1976
Ms. Karyn J. Hale	VP, Treasurer & CFO	316.29k	N/A	1970
Ms. Kristy Adams Alfieri	Assistant Secretary	N/A	N/A	N/A
Ms. Patricia N. Hogan	Senior VP & Senior Risk Officer	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Union Bankshares, Inc. operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit. The company also provides commercial real estate loans; commercial loans for plant and equipment, working capital, real estate renovation, and other business purposes to business owners and investors; small business administration guaranteed loans; residential construction and mortgage loans; municipal financing, including loans and excess deposits secured by FHLBB letters of credit; and home improvement loans and overdraft checking privileges against preauthorized lines of credit. In addition, it offers online cash management services, including account reconciliation, credit card depository, automated clearing house origination, wire transfers, positive pay and night depository services; merchant credit card services for the deposit and immediate credit of sales drafts; remote deposit capture services; and online mortgage application and consumer deposit account opening services. Further, the company provides business checking accounts; standby letters of credit, bank checks or money orders, and safe deposit boxes; ATM cards and services; debit cards; telephone, internet, and mobile banking services, including bill pay; and wealth management, fiduciary, and trust services. It offers retail banking services to individuals; and commercial banking services to small and medium sized business corporations, limited liability companies, partnerships, and sole proprietorships, as well as nonprofit organizations, local municipalities, and school districts. Union Bankshares, Inc. was founded in 1891 and is headquartered in Morrisville, Vermont.

Corporate governance

Union Bankshares, Inc.’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.