David S. Silverman
Chief Executive Officer David S. Silverman was named Board Chair
Highest-materiality recent filing
Union Bankshares board chair retires; CEO Silverman named new chair
Director Cornelius J. Van Dyke retired from board and chair role effective May 20, 2026, due to mandatory retirement age.
Union Bankshares Q1 net income $3.0M ($0.65 EPS), up from $2.5M ($0.55) YoY; dividend $0.36/share
Net income $3.0M, EPS $0.65 vs $0.55 in Q1 2025; net interest income up 10% to $11.3M.
Union Bankshares Q1 net income rises 20% to $0.65/sh; corrects prior deposit error
Q1 2026 net income $3.0M ($0.65 per share) vs $2.5M ($0.55) in Q1 2025, up 20%.
Union Bankshares Q1 net income rises to $3.0M, EPS $0.65; declares $0.36 dividend
Net income $3.0M ($0.65 diluted EPS) vs $2.5M ($0.55) in Q1 2025, up 20%.
Union Bankshares: Board Chair Neil Van Dyke to retire; CEO David Silverman named new Chair
Neil Van Dyke (72) will not stand for re-election at 2026 annual meeting due to board age limit of 72.
Union Bankshares names Jeffery Weidley as next President and CEO; Silverman to retire July 2026
Weidley to join as President on May 4, 2026; will become CEO after Silverman's retirement on July 3, 2026.
Union Bankshares reports FY2025 net income $11.1M ($2.43 EPS), up 26% YoY; Q4 net income $2.7M
Full-year 2025 net income $11.1M ($2.43 diluted EPS) vs $8.8M ($1.94) in 2024; Q4 net income $2.7M ($0.60) vs $3.0M ($0.67).
Union Bankshares FY25 net income rises 26%, Q4 slips; declares $0.36 dividend
FY2025 net income $11.1M ($2.43/share) vs $8.8M ($1.94/share) in FY2024, up 26.5%.
Auditor changed from Berry, Dunn, McNeil & Parker, LLC to BDMP Assurance, LLP; no prior disagreements or reportable events.
Union Bankshares Q3 net income rises to $3.4M from $1.3M; EPS $0.75; declares $0.36 dividend
Net income $3.436M ($0.75 diluted EPS) vs $1.324M ($0.29) in Q3 2024; nine-month net income $8.332M.
Union Bankshares Q3 net income $3.4M vs $1.3M YoY; declares $0.36 dividend
Consolidated net income of $3.4M for Q3 2025, up from $1.3M in Q3 2024; 9-month net income $8.3M vs $5.8M.
Director Joel S. Bourassa to retire from Union Bankshares board on Aug 20, 2025
Joel S. Bourassa, 67, notified board of retirement effective August 20, 2025.
Union Bankshares Q2 net income rises 18.6% to $2.4M; declares $0.36 dividend
Net income of $2.4M ($0.53 EPS) vs $2.0M ($0.45 EPS) in Q2 2024, up 18.6%.
Union Bankshares Q2 net income $2.4M ($0.53/sh), up 18.6% YoY; declares $0.36 dividend
Net income $2.4M ($0.53/sh) for Q2 2025 vs $2.0M ($0.45/sh) in Q2 2024, an 18.6% increase.
Annual meeting results: all director nominees elected, say-on-pay approved
Fix number of directors at nine; all nine nominees elected with >2.44M votes each.
Union Bankshares enters $40M ATM equity distribution agreement with Piper Sandler
May sell up to $40M in common stock at the market through Piper Sandler; commission is 3% of gross proceeds.
Union Bankshares CEO David Silverman plans retirement in 2026; board starts successor search
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.
Union Bankshares Q1 net income $2.5M, EPS $0.55 vs $0.53 YoY; loans up 12.3%
Net income $2.5M ($0.55 EPS) vs $2.4M ($0.53) YoY; net interest income rose $1.3M to $10.3M.
Union Bankshares Q1 net income $2.5M ($0.55/sh), up 3.5% YoY; declares $0.36 dividend
Net income $2.5M ($0.55 EPS) vs $2.4M ($0.53 EPS) in Q1 2024, up 3.5%.
Union Bankshares promotes Hale to COO, Locklin to CAO as part of realignment
Karyn J. Hale, 55, appointed COO of Union Bank, effective April 1, 2025, while retaining CFO and Treasurer roles.
Union Bankshares Q4 net income flat at $3.0M; FY net income down 22% to $8.8M
Q4 2024 net income $3.0M, EPS $0.67 vs $3.0M, $0.68 in Q4 2023.
Union Bankshares Q4 net income $3.0M ($0.67/sh); FY net income $8.8M, down 22% YoY
Full-year 2024 net income $8.8M ($1.94/sh) vs $11.3M ($2.50/sh) in 2023; Q4 net income $3.0M ($0.67/sh) vs $3.05M ($0.68/sh).
Board reauthorized limited quarterly stock repurchase program on Dec 18, 2024, for up to 2,500 shares per quarter.
Union Bankshares board adopts 20-year director tenure limit; exempts two current directors
Board amended Bylaws to impose a 20-year tenure limit for directors, effective November 20, 2024.
Union Bankshares Q3 net income falls to $1.3M from $2.5M; EPS $0.29 vs $0.56
Net income $1.32M ($0.29 EPS) vs $2.53M ($0.56 EPS) in Q3 2023; 9-month $5.76M ($1.27 EPS) vs $8.21M ($1.82 EPS).
Union Bankshares Q3 net income down 48% to $1.3M; declares $0.36 dividend
Q3 2024 net income $1.3M ($0.29 EPS) vs $2.5M ($0.56 EPS) in Q3 2023, down 48%.
Union Bankshares sells $38.8M securities; expects 341 bps yield pickup
Sold $38.8M of lower-yielding AFS debt securities; estimated after-tax loss of $1.0M in Q3 2024.
Union Bankshares Q2 net income falls 25% YoY to $2.0M; declares $0.36 dividend
Q2 net income of $2.0M ($0.45 EPS) vs $2.7M ($0.60 EPS) a year ago; H1 net income $4.4M ($0.98 EPS) vs $5.7M ($1.26 EPS).
Union Bankshares Q2 net income falls 25% to $2.0M; declares $0.36 dividend
Net income $2.0M ($0.45/sh) vs $2.7M ($0.60/sh) in Q2 2023.
Shareholders approve 2024 Equity Incentive Plan authorizing 250,000 new shares
All nine director nominees elected with at least 1.98M votes for each; 903K broker non-votes.
Chief Executive Officer David S. Silverman was named Board Chair
Timothy W. Sargent was named Vice Chair and Lead Independent Director of Union Bankshares, Inc. and Union Bank.
Director Cornelius J. Van Dyke did not stand for re-election and retired from his position as director and Board Chair of Union Bankshares, Inc. and Union Bank as he had reached the mandatory retirement age under the bylaws.
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.
the Board of Directors of Union Bank, appointed Carrie R. Locklin, age 51, to the newly created position of Chief Accounting Officer of Union Bank.
the Board of Directors of Union Bank, a wholly owned subsidiary of Union Bankshares, Inc. (the "Company") appointed Company Vice President, Treasurer and Chief Financial Officer, Karyn J. Hale, age 55, to the newly created position of Chief Operating Officer of Union Bank.
Max materiality 0.75 · Median 0.60 · Most common event earnings