Union Bankshares Inc
unb.q4ir.comWhat Do They Do?
Provides retail, commercial and municipal banking, plus wealth management and trust services, to individuals, businesses and community organizations in northern Vermont and northern New Hampshire.
10-K for FY2025, filed Mar 20, 2026
How Do They Make Money?
Earns mainly interest and fees on loans and income from investments, with additional income from gains on real estate loan sales, loan servicing and service fees.
10-K for FY2025, filed Mar 20, 2026The Company's income is derived principally from interest and fees on loans and earnings on other investments. Its primary expenses arise…View ↗
$75.8M
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10-K for FY2025, filed Mar 20, 2026
$75.8M ↗
Who Are Their Customers?
Individuals, small and medium-sized businesses, nonprofits, municipalities and school districts use its banking services in northern Vermont and northern New Hampshire. They access services through branches, loan centers, phone, mobile devices and the website.
10-K for FY2025, filed Mar 20, 2026The Company's business is that of a community bank in the financial services industry. The Company has one definable business segment…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 15 cents of every revenue dollar as net income in FY2025 and turned 21 cents into free cash flow.
How Are They Changing?
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Jul 16, 2026
Carrie R. Locklin appointed CFO, succeeding Karyn J. Hale
Hale remains Chief Operating Officer of Union Bank.
Sources
8-K, filed Jul 16, 2026
(b),(c) On July 15, 2026, the Board of Directors of Union Bankshares, Inc. (the "Company") and Union Bank, a wholly owned subsidiary of the…View ↗
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May 21, 2026
CEO David S. Silverman named Board Chair after chair retired
Cornelius J. Van Dyke retired as Board Chair after reaching the mandatory retirement age.
Sources
8-K, filed May 21, 2026
At the Union Bankshares, Inc. annual meeting of shareholders held on May 20, 2026, Director Cornelius J. Van Dyke did not stand for…View ↗
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Mar 24, 2026
Company announced a planned CEO succession
David Silverman was expected to retire as CEO in July, with Jeffrey Weidley set to succeed him.
Sources
8-K, filed Mar 24, 2026
(b) Section 3.2 of the Bylaws of Union Bankshares, Inc. (the “Company”) provides, in pertinent part, that no individual may be elected…View ↗
Growing. Revenue grew 93% in 4 years, from $39.3M in FY2021 to $75.8M in FY2025, about 18% a year.
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