Union Bankshares, Inc. operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit. The company also provides commercial real estate loans; commercial loans for plant and equipment, working capital, real estate renovation, and other business purposes to business owners and investors; small business administration guaranteed loans; home improvement loans and overdraft; and residential construction and mortgage loans. In addition, it offers online cash management services, including account reconciliation, credit card depository, automated clearing house origination, wire transfers, and night depository services; merchant credit card services for the deposit and immediate credit of sales drafts; remote deposit capture services; and online mortgage application services. Further, the company provides business checking accounts; standby letters of credit, bank checks or money orders, and safe deposit boxes; ATM services; debit cards; telephone, Internet, and mobile banking services; and asset management, fiduciary, and trust services. The company offers retail banking services to individuals; and commercial banking services to small and medium sized corporations, partnerships, and sole proprietorships, as well as nonprofit organizations, local municipalities, and school districts. It operates 18 banking offices, 3 loan centers, and various ATMs. Union Bankshares, Inc. was founded in 1891 and is headquartered in Morrisville, Vermont.
Company profile
Ticker
UNB
Exchange
Website
CEO
Mr. David Scott Silverman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CITIZENS COMMUNICATIONS CO, CITIZENS UTILITIES CO, FRONTIER COMMUNICATIONS CORP
SEC CIK
Corporate docs
IRS number
30283552
UNB stock data
Latest filings (excl ownership)
8-K
Union Bankshares Announces Balance Sheet Repositioning
5 Sep 24
10-Q
2024 Q2
Quarterly report
9 Aug 24
8-K
Results of Operations and Financial Condition
1 Aug 24
8-K
Results of Operations and Financial Condition
17 Jul 24
8-K
Departure of Directors or Certain Officers
16 May 24
10-Q
2024 Q1
Quarterly report
14 May 24
8-K
Results of Operations and Financial Condition
2 May 24
8-K
Results of Operations and Financial Condition
17 Apr 24
DEFA14A
Additional proxy soliciting materials
2 Apr 24
DEF 14A
Definitive proxy
2 Apr 24
Latest ownership filings
Financial summary
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| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Institutional ownership, Q2 2024
16.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 28 |
| Opened positions | 1 |
| Closed positions | 2 |
| Increased positions | 11 |
| Reduced positions | 8 |
| 13F shares | Current |
|---|---|
| Total value | 15.73 bn |
| Total shares | 732.03 k |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| FMR | 215.19 k | $4.62 bn |
| Vanguard | 144.98 k | $3.11 bn |
| Cardinal Capital Management | 64.63 k | $1.39 bn |
| Spears Abacus Advisors | 42.94 k | $922.35 mm |
| Geode Capital Management | 39.32 k | $844.70 mm |
| LPL Financial | 33.63 k | $722.35 mm |
| Dimensional Fund Advisors | 30.92 k | $664.25 mm |
| Trust Co Of Vermont | 30.43 k | $653.59 mm |
| NTRS Northern Trust | 25.89 k | $556.18 mm |
| Susquehanna International | 20.66 k | $443.82 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 May 24 | Janet P Spitler | Common Stock | Grant | Acquire A | No | No | 0 | 467 | 0.00 | 1,240 |
| 15 May 24 | Mary K Parent | Common Stock | Grant | Acquire A | No | No | 0 | 467 | 0.00 | 1,051 |
| 15 May 24 | Bourassa Joel S | Common Stock | Grant | Acquire A | No | No | 0 | 467 | 0.00 | 1,850 |
| 15 May 24 | Sargent Timothy Willis | Common Stock | Grant | Acquire A | No | No | 0 | 467 | 0.00 | 3,612 |
| 15 May 24 | Putnam Nancy C | Common Stock | Grant | Acquire A | No | No | 0 | 467 | 0.00 | 4,207 |