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Union Bnkshrs 8-K Filings

UNB NASDAQ

Every 8-K that Union Bnkshrs (UNB) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow UNB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UNB filings page.

Rhea-AI 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.

Rhea-AI Summary

Union Bankshares, Inc. reported second‑quarter 2026 net income of $2.9 million, or $0.61 per share, up from $2.4 million, or $0.53 per share, a year earlier. For the six months ended June 30, 2026, net income was $5.9 million, or $1.26 per share, compared with $4.9 million, or $1.08 per share, in 2025. Results benefited from higher net interest income, increased noninterest income including a $380 thousand gain on a branch property sale, and lower credit loss expense, partly offset by higher salaries and other operating costs and higher income tax expense.

Total assets reached $1.56 billion as of June 30, 2026, up 5.3% from $1.48 billion a year earlier, driven by growth in investment securities and loans. Loans totaled $1.12 billion, while deposits were $1.09 billion and borrowed funds $337.1 million. The allowance for credit losses on loans was $8.4 million, and management described asset quality as strong. Stockholders’ equity increased to $90.4 million, with book value per share rising 16.7% to $18.28, aided by common stock sales and a smaller accumulated other comprehensive loss on securities. The board declared a $0.36 per share quarterly cash dividend, payable August 6, 2026 to shareholders of record on July 27, 2026.

Rhea-AI Summary

Union Bankshares, Inc. reported results of its annual shareholder meeting held on May 20, 2026, and changes in board leadership. Long-time director and Board Chair Cornelius J. Van Dyke retired from the boards of Union Bankshares, Inc. and Union Bank after reaching the mandatory retirement age under the bylaws.

At the organizational board meeting immediately following the shareholder meeting, Chief Executive Officer David S. Silverman was named Board Chair, and Timothy W. Sargent was named Vice Chair and Lead Independent Director of both entities, consolidating leadership roles and designating an independent lead director.

Shareholders voted with strong participation: of 4,614,050 shares outstanding on the March 27, 2026 record date, 3,297,195 shares were represented in person or by proxy. They approved fixing the board size at ten directors and elected all ten nominees, including Silverman and Sargent, each receiving over 2.39 million votes for, along with substantial broker non-votes. Shareholders also ratified the appointment of BDMP Assurance, LLP as the Company’s external auditors for 2026, with 3,268,522 votes for, 11,454 against, and 17,219 abstentions.

Rhea-AI Summary

Union Bankshares, Inc. reported stronger results for the first quarter of 2026. Net income was $3.0 million, or $0.65 per share, up from $2.5 million, or $0.55 per share, a year earlier, helped by higher net interest income and solid credit quality.

Total assets reached $1.63 billion, up 6.6% from March 31, 2025, with investment securities at $315.6 million and loans at $1.18 billion. Net interest income rose to $11.3 million, while noninterest income was $2.5 million, including $350 thousand of gains on mortgage sales.

Noninterest expenses increased to $10.8 million as the company invested in people, technology, and operations. Deposits totaled $1.20 billion, and stockholders’ equity increased, with book value per share rising 13.1% to $17.46. The Board declared a quarterly dividend of $0.36 per share, payable May 7, 2026 to shareholders of record on April 27, 2026.

Rhea-AI Summary

Union Bankshares, Inc. reported higher results for the three months ended March 31, 2026 and declared a regular quarterly cash dividend.

Net income rose to $3.0 million, or $0.65 per share, from $2.5 million, or $0.55 per share, a year earlier, helped by a $1.0 million increase in net interest income, slightly higher noninterest income, and a swing to a $325 thousand credit loss benefit. These gains were partly offset by higher operating costs and income taxes.

Total assets grew to $1.63 billion from $1.52 billion, driven by larger securities and overnight balances. Loans were $1.18 billion and deposits were $1.20 billion, including brokered deposits. Stockholders’ equity increased to $80.6 million, lifting book value per share to $17.46.

The Board declared a $0.36 per share cash dividend for the quarter. The company also corrected a prior disclosure, stating that total deposits as of March 31, 2025 were $1.18 billion, not $1.81 billion.

Rhea-AI Summary

Union Bankshares, Inc. reported stronger results for the three months ended March 31, 2026 and declared a regular cash dividend. Net income rose to $3.0 million, or $0.65 per share, up from $2.5 million, or $0.55 per share, a year earlier, helped by higher net interest income, slightly higher noninterest income and a credit loss benefit.

Total assets reached $1.63 billion as of March 31, 2026, compared with $1.52 billion a year earlier, driven by higher Federal funds sold and a larger securities portfolio. Loans grew modestly to $1.18 billion, while the allowance for credit losses on loans was $8.07 million, with management emphasizing continued strong asset quality.

Stockholders’ equity increased to $80.6 million, lifting book value per share by 13.1% to $17.46, supported in part by a smaller accumulated other comprehensive loss on investment securities. The Board declared a quarterly cash dividend of $0.36 per share, payable May 7, 2026 to shareholders of record on April 27, 2026.

Rhea-AI Summary

Union Bankshares, Inc. announced a planned leadership transition at the board level tied to its existing age-limit bylaw. Board Chair Neil J. Van Dyke, age 72, will not stand for re-election at the 2026 annual meeting under Section 3.2 of the bylaws.

Following his retirement, current President and Chief Executive Officer David Silverman, who is already scheduled to retire from executive management in July, is expected to become Board Chair. Because Mr. Silverman will not qualify as an independent director under Nasdaq rules, Vice Chair Timothy Sargent has been designated to serve as Lead Independent Director once the changes are formally approved at the Board’s annual organizational meeting.

Rhea-AI Summary

Union Bankshares, Inc. has named Jeffery F. Weidley as the next President and future Chief Executive Officer of the company and Union Bank, succeeding long-time leader David S. Silverman upon his retirement in July 2026. Weidley will join as President on May 4, 2026, while Silverman remains CEO through a transition period ending July 3, 2026, after which Weidley will also become CEO.

Weidley, age 42, will receive a $500,000 annual base salary, a sign-on grant of 3,000 RSUs vesting over about three years, relocation assistance including a $25,000 payment, and participation in key executive incentive, retirement, and insurance programs, including a split dollar life insurance policy with a $700,000 face amount. His employment agreement runs for an initial three-year term with severance protections if terminated without cause or for good reason.

A separate change-in-control agreement provides for enhanced cash severance of 200% of base salary and short-term bonus and continuation of health benefits for twenty-four months if he experiences a qualifying termination in connection with a change in control, along with non-compete, non-solicitation, confidentiality, and non-disparagement covenants.

Rhea-AI Summary

Union Bankshares, Inc. filed a current report describing the distribution of its unaudited Fourth Quarter 2025 Report to Shareholders. This Quarterly Report covers the company’s results of operations and financial condition for the three and twelve months ended December 31, 2025, and includes the declaration of a regular quarterly dividend.

The shareholder report is provided as Exhibit 99.1 to the filing, which is furnished, not filed, for securities law purposes.

Rhea-AI Summary

Union Bankshares, Inc. filed a report describing recent financial communications, a dividend declaration, and a board appointment at its banking subsidiary. The company issued a press release announcing net income and net income per share for the fourth quarter and full year ended December 31, 2025, along with a regular quarterly cash dividend.

The Board declared a quarterly cash dividend of $0.36 per share, payable on February 5, 2026 to shareholders of record on January 31, 2026. The Board also appointed Steven P. Cote, age 58, to the Board of Union Bank, its wholly owned subsidiary. He brings 34 years of insurance industry experience and has served as President of Chalmers Insurance Group, becoming the first non‑family president in the agency’s 158‑year history.

Rhea-AI Summary

Union Bankshares, Inc. reported several governance updates. The Audit Committee dismissed Berry, Dunn, McNeil & Parker, LLC as independent auditor on November 19, 2025 and the Board concurrently engaged BDMP Assurance, LLP for the fiscal year ending December 31, 2025. Prior audit reports for 2023 and 2024 contained no adverse opinions or qualifications, and the company states there were no disagreements or reportable events with the former auditor. The company also states it did not consult with BDMP Assurance, LLP on accounting matters before the appointment.

The Insider Trading Policy was amended so blackout periods now begin on the 20th day of the last month of each fiscal quarter, and a designee may assist in notifying insiders. In addition, Union Bank’s Board appointed Walter B. Frame III, a hospitality and real estate executive in the bank’s local markets, as a director of the subsidiary bank.

Rhea-AI Summary

Union Bankshares, Inc. furnished an update on operations by distributing its unaudited Third Quarter 2025 Report to Shareholders. The report covers results for the three and nine months ended September 30, 2025, and includes the declaration of a regular quarterly dividend.

The materials were furnished under Item 2.02 and attached as Exhibit 99.1, consistent with General Instruction B.2, meaning they are not deemed filed under Section 18 of the Exchange Act unless specifically incorporated by reference.

Rhea-AI Summary

Union Bankshares, Inc. reported that it furnished a press release announcing net income and net income per share for the third quarter and nine months ended September 30, 2025. The company also declared a regular quarterly cash dividend of $0.36 per share, payable on November 6, 2025 to shareholders of record as of October 25, 2025. The earnings information was provided via an exhibit designated as furnished, not filed.

Rhea-AI Summary

Union Bankshares announced that Director Joel S. Bourassa, age 67, will retire from the company's board and from Union Bank's board effective August 20, 2025. The company stated his retirement is not due to any disagreement with the company's operations, policies, or practices. Mr. Bourassa joined the holding company board in 2019 and has served on Union Bank's board since 2018. The filing notes his tourism industry experience and community service gave the board useful insight into the Grafton County market.

The board's Director Succession Subcommittee of the Nominating and Governance Committee, formed May 21, 2025, will conduct a search to fill the vacancy. Mr. Bourassa served on the company's Compensation Committee.

Rhea-AI Summary

Union Bankshares, Inc. (UNB) filed an 8-K on 7 Aug 2025 to furnish its unaudited Second-Quarter 2025 Report to Shareholders. Under Item 2.02, the company states that the report, attached as Exhibit 99.1, contains operating results and financial condition for the three- and six-month periods ended 30 Jun 2025. The filing also discloses the board’s declaration of a regular quarterly cash dividend, although the per-share amount and payment dates are not included in the 8-K text.

The information is being furnished, not filed, meaning it is not subject to liability under Section 18 and will not be incorporated by reference unless specifically cited in future filings. No other material events, guidance revisions, or transaction details are presented. Management signatures from CEO David S. Silverman and CFO Karyn J. Hale confirm the disclosure.