August 14, 2008 Morrisville, VT – Danville VT, August 14, 2008 — Union Bank is pleased to announce the official opening of its new Danville office, located in the Marty’s 1st Stop complex, Route 2 in Danville. A grand opening celebration and ribbon cutting was held on Saturday, August 9th for both the new Union Bank office and the newly-expanded Marty’s 1st Stop store.
Present for the "ribbon cutting" (left to right) are: David Lavely, Contractor; Ken Gibbons, Union Bank President & CEO; Bethany Whitcomb, Danville Branch Supervisor; and Marty and Catherine Beattie, owners of Marty's 1st Stop. . “We are very excited about serving the greater Danville area with our new office,” said Ken Gibbons, Union Bank President and CEO. “Marty’s 1st Stop is a center for a great deal of activity for both local residents and commuters, and our new office will feature extended hours to accommodate their banking needs. The new office will be open Monday through Friday, from 7:30 a.m through 5:00 p.m., and our ATM and night depository will continue to be accessible 24/7.” “The expansion of Marty’s and the completion of our new office give customers a single, time-saving location for groceries, hardware, pet food, gasoline and now banking,” states Tracey Holbrook, Union Bank Regional Vice President. “Our new Danville team is both friendly and professional, and we look forward to serving the banking needs of our new customers.” The Danville Union Bank office is supervised by Bethany Whitcomb. Union Bank, with headquarters in Morrisville, Vermont, offers deposit, loan, trust and commercial banking services throughout northern Vermont and New Hampshire. As of the close of business August 8, 2008, Union Bank had approximately $419 million in assets and operated 14 banking offices, 30 ATM facilities in Vermont and Littleton, New Hampshire as well as a loan origination office in St. Albans, Vermont, with a new, full-service office opening in St. Albans in 2008. The Bank employs approximately 170. For more information, please call Jeff Coslett, Senior Vice President/Human Resources at (802) 888-6600. July 3, 2008
Morrisville, VT – Union Bank has hired Thomas J. Meshako, who begins his role at Union Bank on August 6, 2008. Mr. Meshako currently serves as Senior Vice President, Financial Planning and Analysis at Chittenden Corporation. Mr. Meshako has also served as a Vice President with Fleet Financial Group, a Vice President of Northeast Savings, F.A., and as a Treasury Supervisor for Jefferson Federal Savings. He has substantial experience in the systems integration and consolidation that takes place within mergers and acquisitions. Tom will have responsibility for Deposit Operations, Information Systems and Electronic Banking. “We are very pleased with our choice of Tom Meshako. He brings a significant amount of experience in areas that are timely for Union Bank’s ongoing operations and growth.” stated Ken Gibbons, Union Bank President and CEO.
June 30, 2008 Morrisville, VT – Union Bank has announced that its Executive Vice President Cynthia D. Borck will be retiring as of June 30, 2008. Ms. Borck has served as an employee of Union Bank since 1987. She has assumed many roles at the Bank, including Senior Residential Lender, Branch Administrator and Senior Operations Officer. During her tenure, she has been instrumental in both product and program development and in the planning and oversight of many aspects of the Bank’s Information Technology developments. Ms. Borck was elected to the Board of Directors of Union Bankshares, Inc. (UNB) in 1995 and will continue to serve as a Director for UNB, as well as Union Bank. “Cynthia will be missed in our day-to-day operations,” stated Ken Gibbons, Union Bank President and CEO. “Her contributions to Union Bank have been many. Fortunately, her ongoing service as a member of our Board of Directors will allow the company to continue to benefit from her experience.”
Ü back to top of page Ü back to UB Home Page June 9, 2008 Morrisville, VT – Union Bank announced today that it is partnering with Efficiency Vermont and USDA Rural Development in offering energy efficiency and renewable energy loans. The Bank’s new GreenLend™ program is designed to assist individuals and businesses in lowering ever increasing energy costs and reducing dependency on non-renewable sources of energy. GreenLend™ borrowers will be able to work with Union Bank’s experienced, local lending staff, as well as experts from Efficiency Vermont and USDA Rural Development to develop both simple and complex energy saving solutions.
A GreenLend™ loan can be used for a variety of purposes — from upgrading insulation and windows, to financing new energy efficient appliances such as Energy Star® rated refrigerators and washing machines, to performing energy audits and installing solar photovoltaic arrays or even geothermal heating systems. “Local residents and the business community are challenged to keep pace with rapidly increasing energy costs,” said Ken Gibbons, President and CEO of Union Bank, “we wanted to help, and with GreenLend™, we feel we have a win-win proposition. GreenLend™ borrowers will be able to implement efficiency measures that will help them save money in the long run. Our goal in this exciting program is to have the savings directly offset the cost of the loan; when the loan is repaid, our customers will continue to save on energy expense, and know they are doing the right thing for our community and the planet – it’s a perfect example of ‘thinking globally, but acting locally’. Our partnerships with Efficiency Vermont and USDA Rural Development, both who have history and expertise in energy efficiency programs, serve to further strengthen our initiative. ” Efficiency Vermont was created in 2000 by the Vermont Legislature and the Vermont Public Service Board to help all Vermonters save energy, reduce energy costs and protect Vermont’s environment. Efficiency Vermont provides technical assistance and financial incentives to Vermont households and businesses, to help them reduce their energy costs with energy-efficient equipment and lighting and with energy-efficient approaches to construction and renovation. “We want to thank Union Bank for introducing this awesome program,” stated Tim Perrin of Efficiency Vermont. “With individuals and businesses struggling more than ever to find solutions to high energy costs, Union Bank’s GreenLend™ program can provide an innovative and convenient local solution to a much needed source of funding for energy efficiency upgrade projects.” “USDA Rural Development has enjoyed a strong working relationship with the Union Bank to support regional community and economic development for years.” said Jolinda LaClair, Rural Development State Director for VT & NH. “Union Bank’s new GreenLend™ program allows us to meld our public and private resources to help farmers and rural small businesses invest in energy efficiency systems, leading to substantial immediate cost savings and recapture of their capital investment in a relatively short time". You can find more information about Union Bank’s new GreenLend™ loan program at all Union Bank offices. Ü back to top of page Ü back to UB Home Page May 21, 2008
Morrisville, VT – Union Bank announced May 21st the promotion of several members of the Bank’s team.
Schuyler Sweet was elected to the board of directors of Union Bankshares, Inc. (the parent company whose sole holding is Union Bank) and was appointed to Union Bank’s Trust Committee. He will continue to serve as a member of the board of Union Bank, and as an advisory board member in the Bank’s Littleton NH region. Mr. Sweet resides in Littleton NH, where he operates Stony River Properties, LLC; an equipment leasing and property management company. Mr. Sweet is active in several community organizations from Rotary to serving as President of the Board of Ammonoosuc Community Health Services Inc.
David S. Silverman, Senior Vice President, was named Vice President of Union Bankshares, Inc. and Senior Loan Officer for Union Bank. Mr. Silverman resides in Morrisville with his wife Janet. He is currently serving as Board President of Community Health Services of Lamoille Valley and as a member of the Morristown Development Review Board.
Therese H. Butler, who has served as the Bank’s Commercial Credit Analyst, has been promoted to Assistant Treasurer, Credit Administration. Ms. Butler holds an MBA and MS from the University of Maryland at College Park. She and her husband are breeders and trainers of AKC registered Labrador and Golden Retrievers and are active members and participants in the Lake Champlain Retriever Club. Ms. Butler lives in Johnson with husband David and their daughter.
Jeffrey G. Coslett, head of the Bank’s Human Resources Department has been promoted to Senior Vice President, Human Resources and Branch Administration. He has been with Union Bank for 5 years, and been in the banking profession for over 20 years. Active in the community, Mr. Coslett serves on the Cambridge School Board. He resides in Jeffersonville with his wife Martha and their two sons.
Melissa A. Greene, manager of the Bank’s Hardwick Office has been promoted to Assistance Vice President and Branch Manager. Melissa has held many positions during her 22 year career in banking. She is a member of the Hardwick Area Chamber of Commerce and is active with her local church and children’s school system. She is currently enrolled in Johnson State College’s external degree program in Business Management. Mrs. Greene resides in Wolcott with her husband David and their two children.
Lynne Jewett, who manages the Bank’s Loan Servicing Department, has been promoted to Assistant Vice President and Loan Servicing Manager. She is an active parent volunteer at the Bishop Marshall School in Morrisville and serves on the school’s Board of Trustees holding the position of Secretary. Ms. Jewett is a graduate of Johnson State College and has recently served as an instructor of education and training programs through the Northern New England Center for Financial Training. Lynne resides in Eden with her husband Marc and their two children.
Karyn Hale, who is currently serving as the Bank’s Finance Officer, has been promoted to Assistant Vice President, Finance. Ms. Hale has been employed by Union Bank since November 2005 and has had an active role in developing and maintaining the Bank’s compliance with Section 404 of the federal Sarbanes-Oxley Act. She is a Certified Public Accountant, licensed in Vermont. She maintains membership with the AICPA, VT Society of CPAs, and has recently joined the Taxation Committee for the American Bankers Association. Ms. Hale resides in Lyndonville with her husband Rick and their son.
Craig Provost, Commercial Lender in the Bank’s Stowe Office, has been promoted to Vice President and Commercial Loan Officer. Craig has been with the bank for two years, with 17 years of prior commercial lending experience. He serves as Board Vice President of Lamoille County Mental Health Services, and is involved with business education at Green Mountain Technology and Career Center in Hyde Park. Originally from Chittenden County, he is building a new home in Elmore VT. Mr. Provost holds a MBA from Pacific Lutheran University. He is the father of two sons.
Ü back to top of page Ü back to UB Home Page April 14, 2008 St. Albans, VT – Union Bank broke ground this week, beginning the construction of its new, full-service St. Albans office. In attendance (photo left to right) were Steve Bourgeois, President of Strategic Initiatives, Inc. and a Union Bank Board Member; Ken Gibbons, Union Bank President and CEO; Paul Trudell, Architect, Silver Ridge Design; Lois Pigeon, Branch Manager for the new St. Albans office; Richard Cummings, General Contractor and President, Vermont Structural Buildings; Mike Curtis, Union Bank Vice President and Commercial Lender; and Paul Grogan, Union Bank Facilities Manager.
When operational, Union Bank’s St. Albans office will offer residential and commercial lending, a full range of deposit products, and trust and asset management, within a spacious and comfortable atmosphere. “We are excited about the new office, and about greater St. Albans,” said Ken Gibbons. “We feel our focus on providing exceptional banking products and services — combined with our local commitment — will have a positive effect in the community.” Ü back to top of page Ü back to UB Home Page March 3, 2008 Morrisville, VT – In its most recent examination by regulatory agencies, Union Bank received an “outstanding” rating for its compliance with the Community Reinvestment Act (CRA). The report states, “An institution in this group has an outstanding record of helping to meet the credit needs of its assessment area, including low- and moderate-income neighborhoods, in a manner consistent with its resources and capabilities. The rating is based on the results of two performance tests, the Lending Test and the Community Development Test.” Union Bank’s average loan-to-deposit ratio is over 96% and its performance exceeded three other similarly sized Vermont institutions. In addition, the Bank’s community development performance demonstrates “an excellent responsiveness to the community development needs of its combined assessment area, through the provision of community development loans, qualified investments and community development services.” “We are pleased to be recognized for this achievement,” states Ken Gibbons, Union Bank President and CEO. “We have received an outstanding CRA rating for the past 15 years, and it is a testament to our Company’s ongoing commitment and belief in the successes of the communities we serve.” Union Bank, with headquarters in Morrisville, Vermont, offers deposit, loan, trust and commercial banking services throughout northern Vermont and New Hampshire. As of December 31, 2007, Union Bank had approximately $393 million in assets and operated 13 banking offices, 30 ATM facilities in Vermont and Littleton, New Hampshire and a loan origination office in St. Albans, Vermont. The Bank employs 170 individuals. Ü back to top of page Ü back to UB Home Page January 18, 2008
Lura has been active in the financial services industry for years, with a broad work history in trust and asset management. For the past 19 years, she was a Wealth Advisor for TD Banknorth’s St. Albans office. She is currently serving as Treasurer of the St. Albans Rotary Expo and Home Show, and as secretary of the St. Albans Rotary. Additionally, she is a board member with Franklin County Court Diversion. Lura is a graduate of Champlain College, New England School of Banking and Cannon Financial Institute, where she earned a Certified Trust and Financial Advisor designation (CTFA). “We’re extremely pleased to have Lura on our team,” states Deb Partlow, Trust Officer and Manager of Union Bank’s Trust & Asset Management Services at Union Bank. “Lura’s depth of experience and her knowledge of Franklin County communities will greatly expand our department’s ability to serve the Trust needs of the region.” Lois Pigeon has been a resident of the St. Albans region for many years. She has been actively involved in the community and in financial services with Vermont National Bank, which became Charter One and then Citizens. She, along with her husband, is an owner of a small business — which gives her a unique perspective on the importance of small businesses and the support of those businesses by the local banking community. “Union Bank has been responding to the growth in Franklin County by employing exceptional people with great professional experience and who share Union Bank’s commitment to being a steward of local success,” said Ken Gibbons, President and CEO. “We are increasing our commitment to the region in 2008 with the construction of a new full-service office with drive through. We want the entire community to know that Lura and Lois have joined our team and how pleased we are with the enthusiasm they both bring to their new responsibilities.”
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Morrisville, VT – Union Bank is very pleased to announce the formation of its St. Albans Advisory Board. The new board members are Coleen K. Condon, Samuel H. Ruggiano, Steven J. Bourgeois, and Union Bank President and CEO Kenneth D. Gibbons. Ms. Condon has extensive experience in health related fields, including the management of Nursing and Residential Care facilities and the marketing and development of health related software. She is an active community member, participating in Rotary, the Champlain Valley Area Agency on Aging, and has served on the Board and as Board President of the Franklin County Regional Chamber of Commerce. She is currently the manager of Holiday House Residential Care Home. Mr. Ruggiano is the owner of Ruggiano Engineering, Inc. and has over 20 years of experience in civil engineering, land use planning, local, state and federal permitting. Ruggiano Engineering, Inc. staff includes licensed Civil, Structural, and Environmental Engineers which have experience with projects that range from small residential projects to planned communities to large commercial developments throughout Vermont. Ruggiano Engineering, Inc. is located in historic downtown St. Albans. Mr. Bourgeois currently operates Strategic Initiatives for Business LLC, a consulting firm in St. Albans. Mr. Bourgeois is also a director of Union Bankshares, Inc. and Union Bank. He has served as President and CEO of Franklin Lamoille Bank, and past Regional President and Director at Banknorth Vermont. Additionally, he is part-owner in his family-run, 800-tree apple orchard in West Swanton. Active in community organizations, Mr. Bourgeois has served as Chair of the Vermont Economic Development Authority, on the Governor’s Council of Economic Advisors, the Recruitment Advisory Council for Vermont Economic Development and the Governor’s Council on Native American Affairs, among others. Mr. Gibbons has been in the banking business for over 40 years. He became President of Union Bank in 1991. Mr. Gibbons currently serves as Vice Chair of Copley Health Systems and as a Director of the Independent Community Bankers of America (ICBA). “Due to our success and growth in the Franklin County market, we felt it was important to expand our community involvement in the region,” states Mr. Gibbons. “We are pleased that Coleen and Sam have agreed to participate in this process, as one of our Bank’s historical precedents is to have a very close relationship with community leaders. We’re also pleased that Steve is willing to expand his role by serving on this new advisory board.” Union Bank, with headquarters in Morrisville, Vermont, offers deposit, loan, trust and commercial banking services throughout northern Vermont and New Hampshire. As of September 30, 2007, Union Bank had approximately $397 million in consolidated assets and operated 13 banking offices, 30 ATM facilities in Vermont and Littleton, New Hampshire as well as a loan origination office in St. Albans, Vermont. The Bank employs approximately 170. For more information, please call Joann Tallman, Executive Secretary at (802) 888-6600.
Ü back to top of page Ü back to UB Home Page September 12, 2007
“Tracey is a hard working and dedicated team member,” states Ken Gibbons, Union Bank President & CEO. “Her vast experience in banking, along with her long history of dedication to the community we serve, makes her an excellent choice for our new Regional V.P.” Ms. Holbrook is a Board Member of St. Johnsbury Works and a Corporator and member of the Board of Trustees for the St. Johnsbury Development Fund. A graduate of the University of Vermont and Stonier Graduate School of Banking, Ms. Holbrook lives in Greensboro with her husband and daughter.
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20, 2006
Morrisville, VT –
Union Bank is pleased to announce that Schuyler W. Sweet was elected to
the Board of Directors of “Schuyler has owned and operated
a number of businesses, including busing companies, a travel agency and
leasing companies,” states Union Bank President and CEO Ken Gibbons. “His
considerable experience in managing small businesses, plus his in-depth
familiarity with the Littleton market make him an excellent addition. We
are very pleased to have him on our Board of Directors.”
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April
3, 2006
Dells Road, Littleton – Union Bank is very pleased to announce the successful Grand Opening Celebration of its new office at 263 Dells Road. “We were very pleased to see several hundred people; friends, community members and many folks very interested in what we have to offer,” stated Union Bank Assistant V.P. and Littleton Manager, Millie Nelson. “Our building was constructed by the local talent of the Lawton Company, Inc., and they did a fantastic job. We also had wonderful food on Friday provided by Beal House, and on Saturday from Miller’s Fair and Tortorellas.” During the Grand Opening, the Bank also hosted an information booth at the Littleton Area Chamber of Commerce’s Littleton Home Show.
“We are very enthusiastic about the greater Littleton region,” said Ken Gibbons, Union Bank President & CEO. “We feel the strong sense of community we have found here matches our own strong sense of community oriented banking services. Union Bank’s long history has been built upon the recognition that a responsible bank becomes part of the fabric of the communities it serves, helping to bolster local success wherever possible.” “Our Union Bank’s Dells Road office has a team of seven, including our lending officers,” says Millie Nelson. “Alycia Vosinek is our on-site Commercial Services officer, and continues her fine work for the local business community.” “Our new office is extremely
comfortable and welcoming,” continues Millie Nelson. “We hope people will
be curious enough to stop by and see the new office and learn more about
Union Bank.”
PHOTO: Ribbon
Cutting at Union Bank’s new Dells Road Office. Left to Right:
Ken Gibbons, Union Bank President and CEO; Millie Nelson, Union Bank Vice
President and Branch Manager; and Union Bank Littleton Advisory Board Members
Stan Fillion, Norrine Williams,
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Union Bankshares, Inc. (AMEX – UNB), headquartered in Morrisville, Vermont, today announced a stock repurchase program. The Board of Directors has authorized the repurchase of up to $2,150,000 in common stock. Total repurchases under the plan may not exceed 100,000 shares, or approximately 2.2% of the Company’s outstanding shares. Shares may be repurchased from time to time at management’s discretion, in the open market or in privately negotiated transactions as conditions warrant. The repurchase program is open for an unspecified period of time. As of November 18 there were 4,557,663 shares of the Company’s common stock outstanding. For more information, please contact Joann Tallman or Ken Gibbons at Union Bankshares, Inc. at 802-888-6600.
Union,
with headquarters in Morrisville, Vermont is the bank holding company parent
of Union Bank, which offers deposit, loan, trust and commercial banking
services throughout northern Vermont. As of September 30, 2005, the
Company had approximately $377 million in consolidated assets and operated
12 banking offices, 30 ATM facilities in Vermont and loan origination offices
in St. Albans, Vermont and Littleton, New Hampshire. Ü back to top of page Ü back to UB Home Page
Union Bank, on behalf of the many community members who contributed, was able to give a check for $11,893.25 to the American Red Cross on Wednesday, October 26. “Every Union Bank branch from Fairfax to Littleton was set up to receive donations,” said Union Bank President, Ken Gibbons. “We wanted to make the giving process as easy as possible for the members of the communities we serve. All donations are and will continue to be of great use by Gulf Coast relief efforts, as the challenge of Katrina’s devastation will face the region and the nation for some time to come.” For four weeks, all 14 Union Bank locations accepted donations. A total of nearly $2000 was raised, to which Union Bank added $10,000.00 The donation, presented as a check to Rob Levine of the American Red Cross, will be sent on behalf of the communities of northern Vermont and New Hampshire and rushed directly to Red Cross efforts in the hurricane zone. You can help the victims of Hurricane Katrina by making a financial gift to the American Red Cross Disaster Relief Fund, which enables the Red Cross to provide shelter, food, counseling and other assistance for those in need. For more information, please contact Union Bank at (802) 888-6600 or call toll-free 1-866-862-1891. Ü back to top of page Ü back to UB Home Page
Sooner or later, you will hear about, or be a potential victim of, one of these crimes. What are they and what can one do about them? First, let's look at Identity Theft. Identity theft occurs when someone uses your personal information such as your name, Social Security number, credit card number or other identifying information, without your permission to commit fraud or other crimes. Identity theft is a serious crime. People whose identities have been stolen can spend months or years - and their hard-earned money - cleaning up the mess thieves have made of their good name and credit record. In the meantime, victims may lose job opportunities, be refused loans, education, housing or cars, or even get arrested for crimes they didn't commit. You can fight back. Here is a link to the U.S. Federal Trade Commission's (FTC) informational web pages. [CLICK HERE]. Please visit and learn all you can. "Phishing" is where the victim receives an official looking email, often masquerading as a recognized company that attempts to lure you into some sort of financial reward - BUT YOU HAVE TO SEND MONEY to make the "deal" work. The FTC has a very thorough document on "Phishing" in Adobe Acrobat PDF format. We recommend you click on this link and learn how to protect yourself [CLICK HERE]. "SPAM" is a term that refers to a process of flooding the Internet with many copies of the same message, in an attempt to force the message on people who would not otherwise choose to receive it. Most spam is commercial advertising, often for dubious products, get-rich-quick schemes, or quasi-legal services. Spam costs the sender very little to send -- most of the costs are paid for by the recipient or the carriers rather than by the sender. Email spam targets individual users with direct mail messages. Email spam lists are often created by scanning Usenet postings, stealing Internet mailing lists, or searching the Web for addresses. Email spams typically cost users money out-of-pocket to receive. Many people - anyone with measured phone service - read or receive their mail while the meter is running, so to speak. Spam costs them additional money. On top of that, it costs money for ISPs and online services to transmit spam, and these costs are transmitted directly to legitimate subscribers of Internet services. One particularly nasty variant of email spam is sending spam to mailing lists (public or private email discussion forums.) Because many mailing lists limit activity to their subscribers, spammers will use automated tools to subscribe to as many mailing lists as possible, so that they can grab the lists of addresses, or use the mailing list as a direct target for their attacks. You can prevent SPAM. For a wide range of anti-SPAM tactics and useful information, please visit spam.abuse.net [CLICK HERE]. At Union Bank, we want our customers to be prepared as the world's technology moves faster and faster. Our own security systems are highly sophisticated, and we invite you to visit our SECURITY page to learn more. Ü back to top of page Ü back to UB Home Page READ
THE ARTICLE
Union Bank branches are collecting items to ship to our local troops currently stationed overseas. “We at the bank feel it’s important to support our folks over there,” said Ken Gibbons, President & CEO. “Nearly all of us at Union Bank have been personally touched by the deployment of our troops – whether it’s a family member whose been called to duty, or someone we know personally.” The public is invited to visit any Union Bank branch and contribute items to be shipped overseas, including: hygienic items such as soap and shampoo, toothbrushes, toothpaste, teeth whiteners/brush-ups, dental floss, eye drops and saline solution, lip balm, deodorants, sun block, bug repellant; food and beverage items such as protein bars, crackers, candy, tea bags, coffee, creamer, sugar, beef jerky, powdered drink mixes, chewing gum; and items to help pass the down times, including books, magazines, music CDs, disposable cameras and batteries. Please click here for a complete list in Adobe PDF format. Ü back to top of page Ü back to UB Home Page June
27, 2005
Union Bank recently announced a new internship program in partnership with Johnson State College and Lyndon State College. The program provides opportunities to students for employment at the bank over two summers, followed by a paid internship in the third summer, and the potential for a full-time career following the completion of the internship. Students will be employed as tellers in the first year; as personal bankers or in operations in the second year. In the third year, students may choose from six areas for their internship: retail banking, accounting, deposit operations, commercial lending, human resources, compliance/audit; or they may choose a general banking internship. Eligibility requirements for the program are as follows: Students must major in business; have completed their freshman year at Johnson or Lyndon State; maintain a grade point average of at least 2.6; submit an internship application to their college, along with a formal letter of request to Union Bank with an employment application and a letter of recommendation from a business department professor. Currently, twenty Union Bank employees are graduates from Vermont State Colleges. Most attended Johnson or Lyndon State. Several are officers and vice presidents, and two are members of the senior management team. “The state college system has become an important resource for recruiting high-quality employees,” said Senior Vice President David Silverman, a 1985 graduate of Johnson State. “By formalizing a program, we create opportunities to work with an increased number of quality students who, hopefully, will choose life-long careers at Union Bank. Without these quality employees, the bank could not continue to grow and evolve." For more information about the internship program, please contact Jeff Coslett, Human Resources Officer, at (802) 888-6600. Ü back to top of page Ü back to UB Home Page April
26, 2005
In its most recent study, published in March 2005, the U.S. Small Business Administration's Office of Advocacy ranked Union Bank as the most small business-friendly bank in Vermont. For the tenth year, the Office of Advocacy released its study of Small Business Lending by banks in the United States. The report analyzes 2003 Call Report data and 2002 Community Reinvestment Act (CRA) lending statistics produced by the Federal Reserve Board. This official acknowledgement by the SBA is the seventh time in ten years Union Bank was ranked number one in Vermont for Small Business Lending. "We are particularly proud of our accomplishments in helping small businesses," said David Silverman, Senior Vice President, Commercial Lending. "Small businesses are the cornerstone of the local economy as they provide so many jobs for the community. Our role is to foster these small businesses and provide the financial services they need to succeed." For more information on Small Business Services, visit any Union Bank office, call toll-free 1-866-862-1891 or click here to contact us via email. Ü back to top of page Ü back to UB Home Page
March
7, 2005
At Union Bank, we believe our customers deserve the very best we have to offer. That's why we're excited to introduce a whole new line of personal checking accounts offering you choices to suit your lifestyle. Our top-of-the line Premier Checking account offers security, convenience and hundreds of dollars in savings for a low monthly fee; while we are also offering Free Checking, a NOW Checking interest-bearing account, and our new Free 55 Checking account, for our customers aged 55 and better. Be sure to visit our Personal Checking page for all the details. Bonus Benefits, including free checks, free electronic bill pay, travel accidental death insurance, dining and travel discounts, and much more, can be added to Free Checking, NOW and Free 55 Checking accounts for a nominal fee. For more information on Bonus Benefits, click here for the demo site. Ü back to top of page Ü back to UB Home Page
February
3, 2005
Steven J. Bourgeois was elected a Director of Union Bank by the Union Bankshares, Inc. Board of Directors at their meeting held February 2nd. A resident of West Swanton, Mr. Bourgeois is a former President and CEO of Franklin Lamoille Bank, and past Regional President and Director at Banknorth Vermont. In 1999 he was awarded “Outstanding Community Banker of the Year” by the Vermont Bankers Association and presented an award for “Excellence” by the Vermont Economic Development Authority. Mr. Bourgeois currently operates Strategic Initiatives for Business LLC, a consulting firm in downtown St. Albans. He is also part-owner in his family-run, 800-tree apple orchard in West Swanton. Very active in community organizations, Mr. Bourgeois serves as Chair of the Vermont Economic Development Authority, on the Governor’s Council of Economic Advisors, the Recruitment Advisory Council for Vermont Economic Development and the Governor’s Council on Native American Affairs, amongst others.
Born in St. Albans, Mr. Bourgeois has 35 years of banking experience in Vermont. He has studied at the University of Vermont, the Northern New England School of Banking at the University of New Hampshire, the National Commercial Lending Graduate School at the University of Oklahoma and Stonier Graduate School of Banking at Rutgers University. Ken Gibbons, President of Union Bank, commented, “We are very excited to have someone of Steve’s caliber join our board. His background in banking, experience in economic affairs and knowledge of our market area can only be of benefit to Union Bank and our customers.” Mr. Bourgeois and his wife, Deborah, reside in West Swanton. They have a daughter, Kiersten, and son, Jeremy. Union Bank, an affiliate of Union Bankshares, Inc., was founded in Morrisville, Vermont in 1891. With total assets of $359.5 million as of December 31, 2004, Union Bank operates 12 full-service branches in northern Vermont, as well as loan offices in St. Albans and Littleton, New Hampshire. Ü back to top of page Ü back to UB Home Page
February,
2005
If the sale looks too good to be true, check it out - Call your bank! Several of the merchants we do business with have recently received e-mails or operator assisted relay phone calls which have proven to be fraud attempts on their business. All but one requested that merchandise be shipped to Nigeria, Africa. Non- face-to-face transactions are risky, and merchants often incur losses due to fraudulent transactions. There are people out there who may try to deceive you by using lost, stolen or fraudulent cards or card numbers. These activities usually result in immediate charge-backs and the merchant's loss. If the charge was made by phone, through the mail or via the Internet, these charge-backs are hard to dispute due to lack of an imprint or signature. Union Bank would like to help you prevent losses due to these types of activities. If you suspect a fraudulent transaction via mail, phone or Internet, please call Union Bank's Merchant Service Team at (802) 888-6600 or toll-free 1-866-862-1891; just ask for Stacey Chase, Julie Mitchell or Holly Gray. We will do our best to verify the transaction with your customer's issuing bank BEFORE you ship the merchandise. Be aware of indicators that a transaction may not be legitimate. Be especially alert to transactions with SEVERAL of these indicators. (We must emphasize that each indicator alone is very seldom cause for alarm; rather, it's when several of these indicators characterize a transaction that there may be a problem.) THINGS TO WATCH OUT FOR: • Orders that exceed
the average when you're not familiar with the customer.
WHAT YOU CAN DO: • Use the Address Verification
Service. Address Verification compares the shipping address given
to the merchant with the customer's billing address on file with their
issuing bank. If the addresses do not match, do not ship the merchandise.
You would be putting yourself at risk to incur a loss.
Download these articles (PDF format) for additional information about fraud: RCS used illegally Merchant anti-fraud safeguards Ü back to top of page Ü back to UB Home Page
January
28, 2005
Union Bank opened a new Loan Center, located in the Saint Albans Professional Building, 120 North Main Street, downtown St. Albans. The Union Bank Loan Center is staffed by Mike Curtis, Vice President, Commercial Services, and Carol Allen, Commercial Lending Assistant – both long-time veterans of the St. Albans banking scene. Mike and Carol will be responsible for cultivating and maintaining business relationships by providing innovative and personalized financing solutions to clients in the St. Albans area. A resident of St. Albans, Mr. Curtis brings 30 years of banking experience, most recently with Banknorth, where he served as Vice President, Commercial Banking at their St. Albans location. In his new role at Union Bank, Mike will be responsible for cultivating and maintaining business relationships by providing innovative and personalized financing solutions to commercial clients in the St. Albans area. A resident of Bakersfield, Carol Allen joins Mr. Curtis at Union Bank following a 15 year career with Banknorth, where she served the past two years as Commercial Lending Administrator and assistant to Mr. Curtis. Union Bank’s Loan Center offers a variety of borrowing options, including commercial loans and lines of credit, small business loans, commercial real estate loans, equipment financing, residential mortgages and construction loans – including Union Bank’s popular B.U.I.L.D. loan, as well as personal loans and lines of credit. |
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St. Albans, VT – Union Bank is pleased to announce the addition of Lura Jacques as Assistant Vice President and Trust Officer for the Bank’s western service area, and Lois Pigeon as the Bank’s new Branch Manager for its upcoming St. Albans Office. 
Morrisville, VT – Union Bank is pleased to announce the promotion of Tracey Holbrook to Regional Vice President for the Bank’s St. Johnsbury and Littleton markets. Ms. Holbrook has been employed by Union Bank since 1992 and has had a wide range of responsibilities during that time. As Regional V.P., she will promote the growth of the Bank’s market share in the region, as well as continuing her role as a senior Commercial Lender.
Union
Bank by the directors of Union Bankshares, Inc., Union Bank’s parent holding
company. Mr. Sweet resides in Littleton NH, where he operates Stony
River Properties, LLC; an equipment leasing, and property management company.
He is also a member of Union Bank’s Littleton advisory board. Mr. Sweet
is very active in several different community organizations including
NH Electric Coop Foundation, Littleton Rotary, Grafton County Economic
Development Council, Littleton Area Chamber of Commerce, Littleton Industrial
Development Corporation, and Ammonoosuc Community Health Services.
