Union Bankshares, Inc. UNB

Company Overview

Union Bankshares, Inc. (NASDAQ: UNB) is a bank holding company headquartered in Morrisville, Vermont, operating primarily through its wholly owned subsidiary, Union Bank. The company operates in the regional banking industry and provides retail and commercial banking services to individuals, businesses, municipalities, and nonprofit organizations. Its core offerings include deposit accounts, residential and commercial real estate lending, commercial loans, consumer lending, wealth management, and trust services. Revenue is primarily generated through net interest income derived from lending activities, supplemented by fee income from deposit services, wealth management, and other banking-related activities.

The company traces its roots to the late 19th century through the establishment of community banking operations in northern Vermont. Over time, Union Bankshares, Inc. expanded through branch growth and acquisitions within the state, positioning itself as a community-focused regional bank with a concentration in Vermont and nearby areas of northern New Hampshire. Its strategic positioning centers on localized customer relationships, community banking expertise, and long-standing regional brand recognition in smaller and mid-sized markets where larger national banks have a more limited community presence.