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Parent Mary K reported acquisition or exercise transactions in this Form 4 filing.
Union Bankshares Inc. director Mary K. Parent received a grant of 694 shares of Common Stock in the form of restricted stock units, with no cash purchase price. These units will be settled in common shares, subject to vesting conditions in future periods.
After this award, Parent directly holds a total of 2,247 shares of Union Bankshares common stock, indicating a relatively modest, compensation-related increase in her equity stake rather than an open-market share purchase.
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.
Anita G. Zucker and affiliated entities filed a Schedule 13D reporting beneficial ownership of 347,994 shares of Union Bankshares common stock, or 7.54% of the 4,614,052 shares outstanding as of May 12, 2026.
The Zucker entities acquired 304,602 shares in the last 60 days through open market purchases, including 300,000 shares on May 12, 2026 at $23.54 per share, for total Union Bank investment of $8,176,999.89. They state the stake is for investment purposes but reserve the right to consider actions such as additional purchases, sales, or potential corporate transactions while currently disavowing any specific plans.
Union Bankshares, Inc. reported stronger results for the quarter ended March 31, 2026. Net income rose to $3.0 million from $2.5 million a year earlier, and diluted EPS increased to $0.65 from $0.55, helped by higher net interest income.
Total assets were $1.63 billion, with gross loans of $1.18 billion and deposits of $1.20 billion. The fully tax-equivalent net interest margin improved to 2.99% from 2.88%, as asset yields outpaced funding costs. Asset quality remained solid, with nonperforming assets at 0.82% of total assets and the allowance for credit losses on loans at 0.69% of loans.
Total comprehensive income was lower than net income because of $1.9 million in after-tax unrealized losses on available-for-sale securities recorded in other comprehensive income, reflecting interest rate–driven valuation changes rather than realized losses.
UNION BANKSHARES INC President files initial ownership report showing no common stock holdings. President Jeffrey F. Weidley submitted a Form 3 reporting his position in Union Bankshares Inc. The filing lists Common Stock with total shares following the reported entry of 0.0000, indicating no common shares are reported as beneficially owned.
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.
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.
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.
Union Bankshares, Inc. is asking shareholders to elect ten directors and ratify BDMP Assurance, LLP as external auditors for 2026 at its May 20, 2026 annual meeting. Shareholders of record on March 27, 2026, when 4,614,050 common shares were outstanding, may vote by phone, internet, mail, or in person.
The proxy outlines director biographies, committee structures, independence determinations, related‑party lending practices, and governance policies. It also details 2025 director fees, executive roles, and compensation, including salaries, cash incentives tied to Union Bank performance, and equity awards in restricted stock units.
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.