Union Bankshares

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Union Bankshares, Inc. is a bank holding company headquartered in Richmond, Virginia. It is the parent company of Union Bank & Trust, one of the largest community banks in Virginia with over 150 branches and nearly 200 ATMs.
The company was founded in 1990 and has grown both organically and through acquisitions to become a leading financial institution in the Mid-Atlantic region. As of June 2021, Union Bankshares has over $17 billion in assets and over 2,700 employees.
The bank offers a range of banking and financial services including checking and savings accounts, loans and mortgages, wealth management, and online and mobile banking. It serves individuals, businesses, and nonprofits in Virginia, Maryland, and North Carolina.
Union Bankshares is publicly traded on the Nasdaq Global Select Market under the ticker symbol UNB. Its mission is to provide exceptional customer service, create strong relationships, and support the communities it serves. The company is committed to responsible and sustainable practices and has been recognized for its environmental, social, and governance efforts.

1. Long History: Union Bankshares has a long history dating back to 1902, making it one of the oldest and most established community banks in the United States.
2. Strong Reputation: The company has a strong reputation for its commitment to providing personalized and high-quality customer service.
3. Community-Focused: Union Bankshares is deeply rooted in the communities it serves and is committed to supporting local businesses and organizations.
4. Size and Growth: With over $16 billion in assets, Union Bankshares is one of the largest bank holding companies in Virginia, and has a strong track record of steady growth and financial strength.
5. Diverse Portfolio: Union Bankshares offers a diverse range of financial services including personal and business banking, wealth management, and insurance services.
6. Technological Innovation: The company continuously invests in technology to enhance its products and services for its customers, including a user-friendly mobile app and online banking.
7. Employee Satisfaction: Union Bankshares has been consistently recognized as a top workplace, with a strong focus on employee development, diversity, and inclusion.
8. Strong Financial Performance: Union Bankshares has a history of strong financial performance, with consistently high profitability and sound risk management practices.
9. Commitment to Sustainability: As a responsible corporate citizen, Union Bankshares is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
10. Strong Leadership: The company has a highly experienced and dedicated leadership team with a deep understanding of the banking industry and a strong commitment to the company’s values and mission.

Union Bankshares is a financial holding company that operates mainly through its subsidiary, Union Bank & Trust (UBT). The company’s business model is focused on providing a range of financial services to individuals, businesses, and non-profit organizations in its local communities in Virginia and the metro Washington D.C. area.
UBT offers traditional banking services including checking and savings accounts, loans, mortgages, and credit cards. The bank also offers investment and wealth management services, including financial planning, investment management, and brokerage services, through its subsidiary Union Investment Services, Inc.
In addition, Union Bankshares provides other financial services such as insurance, online banking, and mobile banking services. The company also offers specialized services for small businesses, commercial and industrial clients, and government entities.
Union Bankshares’ business model also includes a strong focus on community involvement and philanthropy. The company supports various community initiatives and organizations through donations, volunteerism, and partnerships.
Overall, the company’s business model is centered around providing personalized financial solutions to its customers while maintaining a strong presence and commitment to the communities it serves.

1. Union Bankshares is the largest bank holding company headquartered in the state of Virginia.
2. The company was founded in 1902 as the Union Bank of Victoria, and later changed its name to Union Bankshares Corporation in 1981.
3. Union Bankshares has a presence in over 200 locations in Virginia and the Mid-Atlantic region.
4. The company provides a range of financial services, including personal and commercial banking, wealth management, and mortgage services.
5. Union Bankshares has been recognized as one of the “Fastest Growing Companies in America” by Forbes magazine.
6. The company has received numerous awards for its community involvement and philanthropic efforts, including the American Bankers Association Community Commitment Award.
7. Union Bankshares is a publicly traded company on the NASDAQ stock exchange, with its stock trading under the ticker symbol “UNB”.
8. In 2019, Union Bankshares completed its largest acquisition to date, acquiring Access National Corporation, expanding its presence in the Northern Virginia market.
9. The company has been named one of the “Best Banks to Work For” by American Banker magazine for the past 5 consecutive years.
10. In addition to its banking services, Union Bankshares also offers insurance and investment services through its subsidiaries Union Insurance Group and Union Investment Services.

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