UNION BANKSHARES INC
Close on Oct 19, 2026
- Market cap
- $110.18M
- P/E (TTM)
- 8.8
- Dividend yield
- 6.32%
About Union Bankshares
State Commercial Banks, SIC 6022
Union Bankshares, Inc. operates as a community bank holding company providing financial services through its primary subsidiary, Union Bank. The institution maintains a single reporting segment delivering retail, commercial, and municipal banking alongside wealth management and trust services. Its offerings encompass personal deposit accounts, home mortgages, residential and commercial construction lending, working capital loans, small business financing, cash management, and electronic banking options. The bank caters to individual retail consumers, commercial entities spanning small and mid-sized enterprises, non-profit institutions, local municipalities, and regional school districts.
The organization conducts its banking operations across northern Vermont and northern New Hampshire utilizing eighteen branch banking offices, three specialized loan centers, and an automated teller machine network. Digital and remote services are additionally delivered through online portals, mobile applications, and telephone systems. Union Bankshares, Inc. and Union Bank maintain their corporate headquarters in Morrisville, Vermont.
Summary of the business section of Union Bankshares's latest annual report, written by StockData.
Company profile
Company
- Legal name
- UNION BANKSHARES INC
- Founded
- 1891
- Headquarters
- Morrisville, VT
- Address
- P O Box 667, 20 Main Street 05661-0667
- Phone
- (802) 888-6600
- Website
- ublocal.com
- Employees
- 195, Dec 31, 2025
- Industry
- State Commercial Banks
- Incorporated in
- VT
- Fiscal year ends
- December 31
- Auditor
- BDMP Assurance, LLP, Manchester, New Hampshire
Stock & identifiers
- Ticker
- UNB
- Exchange
- Nasdaq
- IPO date
- Aug 9, 1999
- Shares outstanding
- 5M, Jul 27, 2026
- Public float
- $107.26M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 3-for-2, Aug 11, 2003
- SEC CIK
- 706863
- CUSIP
- 905400107
- ISIN
- US9054001071
- LEI
- 549300I3PFIO81O8JD40
- EIN
- 03-0283552
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Timothy Willis Sargent | Vice-Chairman, Director | 4,758 |
| Dyke Cornelius John Van | Chairman, Director | 5,491 |
| Jeffrey F. Weidley | President | 3,000 |
| Karyn J. Hale | Chief Financial Officer | 11,749 |
| David Scott Silverman | Director | 46,864 |
| Dawn D. Bugbee | Director | 6,487 |
| Nancy C. Putnam | Director | 5,353 |
| Janet P. Spitler | Director | 2,386 |
| Mary K. Parent | Director | 2,247 |
| Gregory D. Sargent | Director | 2,946 |
| Joel S. Bourassa | Director | 2,302 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 David S. Silverman | $869.35K | $831.44K | $458.49K | $116 | – |
| FY2024 David S. Silverman | $807.15K | $845.58K | $403.73K | $114 | – |
| FY2023 David S. Silverman | $713.69K | $771.29K | $368.29K | $115 | – |
| FY2022 David S. Silverman | $789.01K | $755.86K | $364.57K | $85 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, Union employed 195 full time employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Nov 19, 2025 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Apr 16, 2009 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jan 29, 2009 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jan 27, 2009 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Sep 2, 2008 | Delisting | Notice of delisting from exchange (Form 25) |
| Aug 20, 2008 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Jul 18, 2005 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Nov 17, 2004 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jul 10, 2000 | Listing | Registration of securities on an exchange (Form 8-A) |
| Jul 12, 1999 | Merger | Registration of securities for a merger or exchange offer (S-4) |