Union Bankshares Inc. (UNB) is a bank holding company that heads its wholly owned subsidiary, Union Bank, a full-service community bank. Founded more than 100 years ago in 1891, Union Bank is headquartered in Morrisville, Vermont, United States, and services the North Country and Champlain Valley regions. UNB operates through nearly 20 banking offices, loan centers, and satellite offices along with ATMs.
Union Bankshares is publicly traded on NASDAQ with a ticker symbol as UNB. Since its inception, it has experienced consistent growth and currently has over $800 million in assets. The company is well-capitalized, with total equity capital exceeding $100 million that showcases its strong financial health.
Union Bank, under UNB, excels in providing comprehensive financial services to commercial, retail, and municipal customers. It offers varied commercial and residential lending services, including consumer loans, commercial real estate loans, construction real estate loans, municipal loans, residential real estate loans, and more. Additionally, Union Bank also offers a broad spectrum of deposit products like checking accounts, savings accounts, and time certificates.
One distinctive feature of Union Bankshares endeavors is its dedication to community service. Since it serves primarily rural areas, it maintains a close involvement with the communities it serves. They also concentrate on economic development, housing, and providing financial resources to local nonprofit organizations.
Apart from its role in the traditional banking services, Union Bankshares also provides online banking, mobile banking, remote deposit capture, ATM services, cash management services, merchant credit card processing, safe deposit boxes, and more. The company has notably stood fast with its customers through various economic cycles exhibiting adaptability and resilience, which is reflected in its longtime survival, consistent growth, and strong customer loyalty.
As a corporation, Union Bankshares Inc. is governed by a team of experienced personnel with extensive financial, banking, business, and community involvement experience. Their strategic plan outlines their commitment to operate as a strong, independent community bank that emphasizes local decision-making and service delivery.
Despite the dynamic and challenging nature of the banking industry, Union Bankshares Inc. has shown remarkable consistency and adaptability, sustaining its strong financial position and continuing to achieve growth. Ultimately, Union Bankshares Inc.'s commitment to providing superior customer service, supporting their local communities, and maintaining a dynamic, employee-focused culture has been integral to their long-term success, making them a cornerstone of their service area.