Union Bankshares, Inc. Announces Executive Changes
May 16, 2019 at 01:49 pm EDT
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Union Bankshares, Inc. announced that at the annual meeting the shareholders elected Joel S. Bourassa for the first time to a one-year term on the Union Bankshares Board of Directors. Joel was appointed to the Board of Union Bank, a subsidiary of Union Bankshares, in June, 2018 and has previously served on the Bank’s Northern New Hampshire Advisory Board. He is the Regional Director of Resorts for Vacation Resorts International, with responsibilities that include the management oversight of resort properties in Lake Placid, New York, Stowe, Vermont and two entities in Lincoln, New Hampshire. His years of experience in the tourism business in New Hampshire and years of community service in Lincoln and Woodstock, New Hampshire have provided valuable knowledge and insights since his appointment to Union Bank’s Board last year. Chairman of the Board, Kenneth D. Gibbons, retired from his position as chairman and director of Union Bankshares, Inc. and Union Bank as he has reached the mandatory retirement age. Neil J. Van Dyke, was named Chairman of the Boards of Union Bankshares, Inc. and Union Bank. Neil was first elected to the Union Bankshares, Inc. Board in 2010 after serving on the Union Bank board in 2009, and has served as Vice Chairman of the Board for both companies since 2016. Neil's extensive community leadership and experience in the travel and tourism business, which is an important business segment in markets, as well as his prior bank board involvement, add useful expertise and depth to Board. Neil also serves on the Company's Compensation Committee. Timothy W. Sargent was named Vice Chairman of the Boards of Union Bankshares, Inc. and Union Bank. Tim joined the Union Bank Board in 2010 and was elected to the Union Bankshares, Inc. board in 2011. The Company values Tim's legal insights, knowledge of local businesses and perspectives. Tim also serves on the Company’s Audit Committee.
Union Bankshares, Inc. is a one-bank holding company whose sole subsidiary is Union Bank. Its business is that of a community bank in the financial services industry. The Union Bank provides full retail, commercial, municipal banking, and wealth management and trust services. It is providing retail banking services to individuals and commercial banking services to small and medium sized business corporations, limited liability companies, partnerships, and sole proprietorships, and nonprofit organizations, local municipalities and school districts within its market area. Its products and services include commercial loans for business purposes to business owners and investors for plant and equipment, working capital, real estate renovation and other sound business purposes; commercial real estate loans on income producing properties, including commercial construction loans; online mortgage applications; business checking accounts; online consumer deposit account opening, and others.