Union Bankshares Inc. and Union Bank Announces Executive Changes
May 18, 2012 at 09:07 am EDT
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Union Bankshares Inc. at its annual shareholders meeting held on May 16, 2012, Kenneth D. Gibbons, Chairman of the Board and Chief Executive Officer of Union Bankshares Inc. and Union Bank stepped down as Chief Executive Officer of both companies. Mr. Gibbons will remain as Chairman of both companies. David S. Silverman, who has served as President and a Director of both companies since the spring of 2011 was named Chief Executive Officer. Mr. Silverman previously served as a Vice President of Union Bankshares Inc. and the Senior Vice President and Senior Loan Officer of Union Bank.
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.
UNION BANKSHARES, INC. 