Union Bankshares (NASDAQ: UNB) promotes new CFO and risk leader
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Union Bankshares, Inc. announced leadership transitions effective July 15, 2026. Union Bank’s Chief Accounting Officer Carrie R. Locklin, age 52, was appointed Chief Financial Officer of both Union Bankshares, Inc. and Union Bank, succeeding Karyn J. Hale, age 56. Hale continues as Chief Operating Officer of Union Bank and as a Vice President of Union Bankshares, Inc. The changes were detailed in a press release dated July 16, 2026.
The press release also reports that Mitchell Kent was promoted to Senior Risk Officer, succeeding Patricia Hogan upon her retirement. Kent oversees enterprise risk management, internal audit, compliance, fraud, security, and BSA/AML programs and joins the Senior Management Team. Locklin, with nearly twenty years at Union Bank since 2006, now leads financial reporting, planning, balance sheet management, and strategic financial decisions. Hale, with the bank since 2005, continues overseeing financial, human resources, operations, branch, and facilities teams and contributes to long-term strategic direction, supporting succession planning and the organization’s community banking focus.
Positive
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
CFO appointment effective date: July 15, 2026
Locklin age: 52 years
Hale age: 56 years
+3 more
6 metrics
CFO appointment effective date
July 15, 2026
Date Carrie R. Locklin became Chief Financial Officer of Union Bankshares, Inc. and Union Bank
Locklin age
52 years
Age of Carrie R. Locklin at the time of her appointment as CFO
Hale age
56 years
Age of Karyn J. Hale, who continues as Chief Operating Officer and Vice President
Banking offices
18 offices
Number of Union Bank banking offices currently maintained
Loan centers
3 loan centers
Number of Union Bank loan centers currently maintained
Year founded
1891
Union Bank has been helping communities buy homes and create jobs since 1891
Key Terms
enterprise risk management, BSA/AML programs, Community Reinvestment Act (CRA), SBA Preferred Lender, +1 more
5 terms
enterprise risk management financial
"he will oversee the Bank's enterprise risk management, internal audit, compliance"
Enterprise Risk Management is a process companies use to identify, assess, and prepare for potential problems that could disrupt their success, like financial losses or reputation damage. It’s like a safety plan that helps a business stay strong and adapt quickly when unexpected challenges come up. This helps the company protect its future and keep running smoothly.
BSA/AML programs regulatory
"he will oversee fraud, security, and BSA/AML programs"
Community Reinvestment Act (CRA) regulatory
"received an Outstanding rating for its compliance with the Community Reinvestment Act (CRA)"
A federal rule that evaluates whether banks are lending, investing and providing services to the neighborhoods where they take deposits; think of it as a report card that rates how well a bank supports low‑ and moderate‑income communities. Investors care because the rating affects regulatory approval, merger and expansion prospects, legal risk and reputational standing, which can influence a bank’s growth, costs and long‑term profitability.
SBA Preferred Lender financial
"Union Bank has earned an outstanding reputation and is an SBA Preferred Lender"
An SBA Preferred Lender is a bank or other lender that the U.S. Small Business Administration has trusted with extra authority to approve and close SBA-backed loans more quickly than other lenders. For investors, this signals a lender with proven underwriting standards and closer government ties, which can mean faster access to guaranteed lending volumes and potentially steadier fee income or loan growth, much like a trusted contractor getting priority permits for projects.
Senior Management Team financial
"He will also become a member of Union Bank's Senior Management Team"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Who is Union Bank’s new Senior Risk Officer mentioned by UNB?
Mitchell Kent has been promoted to Senior Risk Officer, succeeding Patricia Hogan following her retirement. Kent joined Union Bank in September 2025 and now oversees enterprise risk management, internal audit, compliance, fraud, security, and BSA/AML programs as part of the Senior Management Team.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 15, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction | (Commission | (IRS Employer | |||||||||
| of incorporation) | File Number) | Identification Number) | |||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
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Registrant's telephone number, including area code: (802 ) 888-6600
(Former name or former address, if changed since last report)
Not applicable
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
(b),(c) On July 15, 2026, the Board of Directors of Union Bankshares, Inc. (the "Company") and Union Bank, a wholly owned subsidiary of the Company, appointed Union Bank's Chief Accounting Officer, Carrie R. Locklin, age 52, to serve as Chief Financial Officer of the Company and Union Bank, succeeding Karyn J. Hale, age 56, who held that position prior to Ms. Locklin's appointment. Ms. Hale retains the position of Chief Operating Officer of Union Bank and Vice President of the Company.
The above appointments were effective as of July 15, 2026 and are being announced in a press release dated July 16, 2026, a copy of which is filed as Exhibit 99.1 to this report, and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
The following Exhibit, referred to in Item 5.02 of the Report is furnished, not filed; herewith:
Exhibit 99.1 Union Bank Press Release dated July 16, 2026, announcing the appointment of Carrie R. Locklin to Chief Financial Officer of Union Bank and Union Bankshares, Inc., succeeding Karyn J. Hale who held that position prior to Ms. Locklin's appointment and who retains the position of Chief Operating Officer of Union Bank and Vice President of the Company.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Union Bankshares, Inc. | |||||
| July 16, 2026 | /s/ Jeffrey F. Weidley | ||||
| Jeffrey F. Weidley | |||||
| President and Chief Executive Officer | |||||
| July 16, 2026 | /s/ Carrie R. Locklin | ||||
| Carrie R. Locklin | |||||
| Chief Financial Officer | |||||
EXHIBIT INDEX
99.1 | Union Bank Press Release dated July 16, 2026, announcing the appointment of Carrie R. Locklin to Chief Financial Officer of Union Bank and Union Bankshares, Inc., succeeding Karyn J. Hale who held that position prior to Ms. Locklin's appointment and who retains the position of Chief Operating Officer of Union Bank and Vice President of the Company. | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
Exhibit 99.1
 | For Immediate Release Contact: Jed Nelson, Marketing Officer, Union Bank (802) 888-0969 gnelson@UBlocal.com | ||||
Union Bank Announces Key Transitions to Support
Continued Growth and Long-Term Success
Morrisville, VT July 16, 2026 - Union Bank today announced several key leadership appointments that reflect the organization's commitment to succession planning, leadership development, and the continued strength of its management team. These transitions position the Bank for continued growth while maintaining its focus on serving customers, communities, and shareholders.
As part of these changes, Mitchell Kent has been promoted to Senior Risk Officer, succeeding Patricia Hogan following her retirement. Kent joined Union Bank in September 2025 to work alongside Hogan as part of a planned leadership transition. In his new role, he will oversee the Bank's enterprise risk management, internal audit, compliance, fraud, security, and BSA/AML programs. He will also become a member of Union Bank's Senior Management Team. Prior to joining Union Bank, Kent served as a Regional Director with the Consumer Financial Protection Bureau and brings more than two decades of financial institution experience to his expanded role.
The Bank also announced the promotion of Carrie Locklin to Chief Financial Officer for Union Bankshares, Inc. and its wholly owned subsidiary, Union Bank. Locklin joined Union Bank in 2006 and has held positions of increasing responsibility throughout her nearly twenty-year career with the organization. As CFO, she will lead the Bank's finance function, including financial reporting, financial planning, balance sheet management, and strategic financial decision-making.
In conjunction with Locklin's promotion, Karyn Hale will continue to expand her responsibilities as Chief Operating Officer. In her role, Hale oversees the Bank's financial, human resources, operations, branch, and facilities teams and plays a key role in shaping the Bank's long-term strategic direction. Since joining Union Bank in 2005, Hale has been instrumental in driving operational excellence and developing the Bank's leadership bench strength. Hale will remain a Vice President of Union Bankshares, Inc.
"These transitions reflect thoughtful planning and the strength of our organization," said Jeffrey Weidley, President and Chief Executive Officer of Union Bank. "We are fortunate to have experienced leaders ready to step into new opportunities and continue building on the strong foundation that has made Union Bank a trusted community partner for more than 135 years.”
Union Bank, a wholly owned subsidiary of Union Bankshares, Inc. (UNB, traded on the NASDAQ Exchange), has been helping people buy homes and local businesses create jobs in area communities since 1891. Headquartered in Morrisville, VT, Union Bank is a full-service bank offering deposit, loan, trust, commercial and municipal banking services throughout northern Vermont and northwestern New Hampshire. Union Bank has earned an outstanding reputation for residential lending programs and is an SBA Preferred Lender. Union Bank has received an “Outstanding” rating for its compliance with the Community Reinvestment Act (CRA). This rating recognizes Union Bank’s excellent record of helping to meet the credit needs of members of the communities in which it operates, particularly in low-and moderate-income neighborhoods. Proud to be one of the few community banks serving Vermont and New Hampshire, Union Bank maintains a strong commitment to traditional banking values. In particular, Union Bank is dedicated to providing personalized customer service and community support, including donations to numerous local nonprofit organizations. These values—combined with financial expertise, quality products, and the latest technology—make Union Bank the premier choice for your banking services, both personal and commercial. Union Bank currently maintains eighteen banking offices and three loan centers. Member FDIC. Equal Housing Lender.