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Vermont Business Magazine Union Bankshares, Inc (NASDAQ - UNB) has announced results for the three months ended March 31, 2021 and declared a regular quarterly cash dividend. Consolidated net income for the first quarter was $2.9 million, or $0.64 per share compared to $2.2 million, or $0.49 cents per share, for the same period in 2020, an increase of $680 thousand, or 30.9%.
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, asset management services throughout northern Vermont and New Hampshire. Union Bank operates 20 banking offices, two loan centers, and multiple ATMs throughout its geographical footprint.
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Shelburne Rd Branch Will Offer Vermont-Based Banking Solutions to the Area
Vermont Business Magazine Union Bank announced today the purchase of the 5068 Shelburne Rd., Shelburne, VT property (formerly a Citizens Bank location), that will house Union Bank’s newest full-service branch and third location in Chittenden County.
“We are thrilled to add the Shelburne branch to our existing network of 19 locations across Northern Vermont and Northern New Hampshire. Although we still have a significant amount of renovation and staffing work to complete, we anticipate opening Shelburne Road by mid to late-summer,” said David Silverman, President & CEO of Union Bank. “Expansion into Chittenden County has been a key pillar of our strategic growth plan and Shelburne comes on the heels of our 2019 branch openings in Jericho and Williston. Union Bank is proud to offer Vermont-based community banking solutions to the Shelburne area, as well as the entire county,” Mr
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Vermont Business Magazine Union Bankshares, Inc (NASDAQ - UNB) has announced results for the three months and year ended December 31, 2020. Net income was $3.8 million and $12.8 million for the three months and year ended December 31, 2020, resulting in earnings per share of $0.85 and $2.86 for the same periods, respectively.
The Board of Directors also declared a cash dividend of $0.33 per share for the quarter, an increase of 3.1% from the cash dividend of $0.32 paid in recent prior quarters, payable February 5, 2021 to shareholders of record as of February 1, 2021.
President and CEO David Silverman commented on the year end results, As we look back at 2020, we thank our employees who have persevered through difficult times, handled unprecedented volumes of work, and adapted to new ways of interacting and collaborating with each other and our customers. We are pleased with our financial performance for 2020. The effective operation of the core business line
MORRISVILLE, Vt. (AP) Union Bankshares Inc. (UNB) on Wednesday reported fourth-quarter profit of $3.8 million. The Morrisville, Vermont-based bank said it had earnings of 85 cents per.