Union Bankshares Inc. Resources | BNET
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Union Bankshares Inc. (UNB) is in the Financial Services Industry

Revenue
Dec 31 2007
$30.5M
Profit
Dec 31 2007
$5.6M
Market Cap
Aug 27 2008
$204.3K

Latest News and Analysis

  • Camden National Corporation Announces NASDAQ Listing Approval

    Trading Expected to Commence January 2, 2008 CAMDEN, Maine -- Robert W. Daigle, president and chief executive officer of Camden National Corporation (AMEX: CAC; the "Company"), today announced that the Company has received approval from the NASDAQ Stock Market for its common stock to be...

    Articles 2007-12-20

  • Camden National Corporation Announces Regulatory Approval of Plan to Acquire Union Bankshares Company

    CAMDEN, Maine -- Robert W. Daigle, president and chief executive officer of Camden National Corporation (AMEX: CAC; the "Company"), announced today that the Company had received approval from the Office of the Comptroller of the Currency to merge Union Trust Company with and into Camden National Bank. The merger is...

    Articles 2007-12-17

  • Stanley Joins Camden National Corporation Board of Directors

    CAMDEN, Maine -- Rendle A. Jones, Esq., Chairman of the Board of Directors for Camden National Corporation CNC, announced that Karen W. Stanley has been named to the board of directors of Camden National Corporation to coincide with the previously announced acquisition of Union Bankshares Company, which is expected to...

    Articles 2007-12-03

  • Union Bankshares Company Shareholders Overwhelmingly Approve Merger with Camden National Corporation

    CAMDEN, Maine & ELLSWORTH, Maine -- Camden National Corporation (AMEX: CAC) and Union Bankshares Company (OTCBB: UNBH.OB) announced today that the shareholders of Union Bankshares voted to approve the previously announced merger between Camden and Union Bankshares at Union Bankshares' special meeting of shareholders on November 29,...

    Articles 2007-11-29

  • Camden National Corporation Announces Quarterly Dividend

    CAMDEN, Maine -- Robert W. Daigle, president and chief executive officer of Camden National Corporation (Amex: CAC; the "Company"), announced today that the Board of Directors of the Company declared a $0.24 per share dividend payable on January 31, 2008 for shareholders of record on December 31,...

    Articles 2007-11-27

  • Camden National Corporation Announces Its Intent to Transfer to the NASDAQ Stock Market

    CAMDEN, Maine -- Robert W. Daigle, president and chief executive officer of Camden National Corporation (AMEX: CAC), announced today that the Board of Directors has authorized Camden to seek approval to transfer the listing of its shares of common stock from the American Stock Exchange to the...

    Articles 2007-11-27

  • Camden National Corporation and Union Bankshares Company Announce Election Deadline in Connection with Proposed Acquisition

    CAMDEN, Maine -- Camden National Corporation (AMEX: CAC) and Union Bankshares Company (OTCBB: UNBH.OB) announced today that December 20, 2007 has been set as the deadline for merger consideration elections in connection with Camden National's proposed acquisition of Union Bankshares. Materials regarding merger consideration elections were mailed...

    Articles 2007-11-19

  • Bank optimizes IT service: software solution standardizes, simplifies and streamlines operations and help desk support

    Just a few years ago, Union Bank maintained only two data servers and a handful of applications at its branches, which were connected with a 56k phone line. Today, the bank is flourishing on the technology front with its own dedicated data center, including redundant connections to...

    Articles 2007-11-01

  • Camden National Corporation Announces a 2.8% Increase in 2007 Year-to-Date Per Share Earnings

    CAMDEN, Maine -- Robert W. Daigle, president and Chief Executive Officer of Camden National Corporation (AMEX: CAC; the "Company"), today announced year-to-date earnings per diluted share for 2007 of $2.24, a $0.06, or 2.8%, increase over the first nine months of 2006, which reflects the favorable impact...

    Articles 2007-10-30

  • Baltimore-based Provident Bankshares Corp. deal closes

    Provident Bankshares Corp., of Baltimore, the holding company for Provident Bank, and Union Bankshares Corp., of Bowling Green, Va., announced the completion of the sale of the deposits and facilities of six Provident branches in Virginia to Union. The branches sold are located in Charlottesville, Middleburg, Warrenton (2) and Winchester...

    Articles 2007-09-12

  • Camden National Corporation to Buy Union Bankshares Co. for 2.03 Times Revenue

    The Deal: Camden National Corporation has entered into a definitive agreement to acquire Union Bankshares Company for approximately $72.5 million. Under the terms of the deal, shareholders of Union Bankshares may elect to receive either $68.00 in cash or 1.9106 shares of Camden stock in exchange for each share of...

    Articles 2007-08-20

  • Camden National Corporation to Acquire Union Bankshares Company

    CAMDEN, Maine -- Camden National Corporation (AMEX: CAC; "Camden"), parent company of Camden National Bank and Acadia Trust, N.A., and Union Bankshares Company (OTCBB: UNBH), the parent company of Union Trust Company, today announced that they signed a definitive merger agreement under which Camden will acquire Union...

    Articles 2007-08-14

  • Rappahannock Banks on Winchester Market

    Another banking name is coming to the Winchester area, as Rappahannock National Bank is expanding its presence in the Virginia portion of the northern Shenandoah Valley. Union Bankshares Corporation, Rappahannock's parent company based in Bowling Green, Va., is purchasing six branches from Baltimore-based Provident Bankshares Corporation, including one in...

    Articles 2007-06-01

  • Baltimore-based Provident to sell branches

    Provident Bankshares Corp. said it would sell six branches in central and western Virginia to Union Bankshares Corp, which is based in Bowling Green, Va. The Baltimore-based parent company of Provident Bank has made a number of other moves to increase the efficiency of its branch structure, a strategy officials...

    Articles 2007-05-09

  • Union Bankshares Corp. Q1 Profit Falls.

    M2 PRESSWIRE-24 April 2007-NASDAQNEWS: Union Bankshares Corp. Q1 Profit FallsC1994-2007 M2 COMMUNICATIONS LTD RDATE:24042007 InvestorIM has been created as a tool for the average investor. The idea is simple, a website where the world can communicate. Do you have a stock...

    Articles 2007-04-24

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  • Incorporated: 1982
  • CEO: Mr. Kenneth D. Gibbons
  • Employees: 164

Union Bankshares is a one-bank holding company whose subsidiary is Union Bank (Union), which is a commercial bank in northern Vermont and New Hampshire. Co. provides retail banking services to individuals within its market area and commercial banking services to small and medium-sized corporations, partnerships, and sole proprietorships, as well as nonprofit organizations, local municipalities and school districts. At Dec 31 2007, Union maintained 13 branch offices, a loan production office in St. Albans, VT, as well as 30 automated teller machines, and also provided many of its services via the telephone and the internet. As of Dec 31 2007, Co. had total assets of $393.4 million.

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Union Bankshares Inc. Company Info

Board of Directors

Ms. Cynthia D Borck

Mr. Steven J. Bourgeois

Mr. Kenneth D. Gibbons

Mr. Franklin G. Hovey II

Mr. Richard C. Marron

Mr. Robert P. Rollins

Mr. Richard C. Sargent

Mr. John H. Steel

Contact Information

20 Lower Main Street

Morrisville, VT

http://www.unionbankvt.com

802 888-6600

NAICS Code

Commercial Banking: 522110

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