Union Bankshares CEO David Silverman plans retirement in 2026; board starts successor search

UNION BANKSHARES INC

CEO David S. Silverman, age 64, informed the Board on May 16, 2025 of his intention to retire during 2026 after 39 years with the company.
Board will form subcommittee of independent directors to conduct comprehensive succession search; meeting set for May 21, 2025.
Silverman will remain as President and CEO until successor is named and a transition period is completed.
He is expected to continue serving on the Boards of the Company and Union Bank after his successor is appointed.

item 5.02

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Departed

David S. Silverman

President and Chief Executive Officer

UNB · UNION BANKSHARES INC

Filed: May 19, 2025, 7:59 PM ET

On May 16, 2025, President and CEO of the Company, David S. Silverman, age 64, informed the Board of Directors of his intention to retire from the Company during 2026.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

David S. Silverman departed as President and Chief Executive Officer at UNION BANKSHARES INC.

Action: retire
Role: President and Chief Executive Officer

Exact text from the filing

On May 16, 2025, President and CEO of the Company, David S. Silverman, age 64, informed the Board of Directors of his intention to retire from the Company during 2026.

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UNION BANKSHARES INC filing history →

Source: SEC EDGAR

accession 0000706863-25-000062

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