Union Bankshares Inc Dossier
Qualitative Analysis
Business overview
Union Bankshares, Inc. (NASDAQ: UNB) is a one-bank holding company headquartered in Morrisville, Vermont, serving as the parent of Union Bank. Founded in 1891, the company provides a comprehensive suite of retail, commercial, municipal banking, and wealth management and trust services. Its geographical footprint spans northern Vermont and northern New Hampshire, operating 18 banking offices, three loan centers, and multiple ATMs. The bank's lending portfolio includes residential real estate, commercial real estate, construction, municipal, and consumer loans.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Execution of an orderly leadership transition plan initiated in late 2025. Jeffery F. Weidley was appointed President effective May 4, 2026, and is scheduled to succeed David S. Silverman as CEO upon his retirement in July 2026.
Expected impact: Maintains management continuity and relationship-based community banking while leveraging Weidley's extensive experience in digital transformation and deposit strategies.
Deliberate actions to strengthen the bank's credit and capital foundation, including disciplined capital management, resolving individually evaluated commercial credits, and maintaining a strong community bank leverage ratio.
Expected impact: Positions the company well from a credit standpoint, supports tangible book value growth, and maintains 'well capitalized' regulatory status.