Union Bankshares, Inc. Overview
Pro stress-test →Union Bankshares, Inc., headquartered in Morrisville, Vermont, is the bank holding company parent of Union Bank, which provides commercial, retail, and municipal banking services, as well as wealth management services throughout northern Vermont and New Hampshire. Since 1891, Union Bank has helped people achieve their dreams of owning a home, saving for retirement, starting or expanding a business and assisting municipalities to improve their communities.
Strategic Profile
Pro stress-test →Union Bank operates 18 banking offices, three loan centers, and multiple ATMs throughout its geographical footprint. Union Bank has earned an exceptional reputation for residential lending programs and has been recognized by the US Department of Agriculture, Rural Development for the positive impact made in lives of low to moderate home buyers.
Competitive Landscape
Pro stress-test →Union Bankshares operates in a competitive regional banking market serving northern Vermont and New Hampshire against larger regional and national banks. The company faces competition from community banks, credit unions, and larger financial institutions, but has differentiated itself through specialized residential lending programs and municipal banking expertise.
Industry Context
Union Bankshares, Inc. operates in Regional Commercial Banking.
Key facts
Founded: 1891 · Headquarters: Morrisville, Vermont, US · Revenue: $55M · Market cap: $111.89M