Union Bank (Morrisville, Vermont)

Union Bank Expands Relationship with Baker Hill and Upgrades to Baker Hill NextGen®

Retrieved on: 
Monday, February 13, 2023
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CARMEL, Ind., Feb. 13, 2023 /PRNewswire/ -- Baker Hill, the leading financial technology provider in delivering solutions for loan origination, risk management, and analytics, today announces an expanded partnership with Union Bank of Vermont and New Hampshire. The bank has upgraded to Baker Hill NextGen®, a unified solution that streamlines loan origination and portfolio monitoring.

Key Points: 
  • The bank has upgraded to Baker Hill NextGen®, a unified solution that streamlines loan origination and portfolio monitoring.
  • For more than a century, Union Bank has proudly invested in its communities and supported the growth of job-generating local businesses.
  • By upgrading from Baker Hill's legacy solution to Baker Hill NextGen®, Union Bank will increase efficiencies and manage the entire commercial lending process with a single, integrated platform.
  • "For decades, Union Bank has been dedicated to providing a seamless experience for our commercial borrowers," said Jonathan Gould, SVP of Union Bank.

Union Bankshares Announces Earnings for the three months and nine months ended September 30, 2022 and Declares Quarterly Dividend

Retrieved on: 
Wednesday, October 19, 2022
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MORRISVILLE, Vt., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2022 and declared a regular quarterly cash dividend.

Key Points: 
  • MORRISVILLE, Vt., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2022 and declared a regular quarterly cash dividend.
  • No provision for loan losses was recorded for the three and nine months ended September 30, 2022 compared to no provision for the three months ended September 30, 2021 and $225 thousand for the nine months ended September 30, 2021.
  • Interest income increased $2.3 million, or 8.0%, to $31.6 million for the nine months ended September 30, 2022 compared to $29.3 million for the nine months ended September 30, 2021.
  • Interest expense was $2.5 million for the nine months ended September 30, 2022 compared to $2.8 million for the nine months ended September 30, 2021.

Union Bankshares Announces Earnings for the three months and six months ended June 30, 2022 and Declares Quarterly Dividend

Retrieved on: 
Wednesday, July 20, 2022
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MORRISVILLE, Vt., July 20, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and six months ended June 30, 2022 and declared a regular quarterly cash dividend.

Key Points: 
  • MORRISVILLE, Vt., July 20, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and six months ended June 30, 2022 and declared a regular quarterly cash dividend.
  • No provision for loan losses was recorded for the three and six months ended June 30, 2022 compared to $75 thousand and $225 thousand for the three and six months ended June 30, 2021, respectively.
  • Interest income increased $732 thousand, or 3.8%, to $20.1 million for the six months ended June 30, 2022 compared to $19.4 million for the six months ended June 30, 2021.
  • Interest expense was $1.5 million for the six months ended June 30, 2022 compared to $2.1 million for the six months ended June 30, 2021.

Union Bankshares Announces Earnings for the three months ended March 31, 2022 and Declares Quarterly Dividend

Retrieved on: 
Wednesday, April 20, 2022
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MORRISVILLE, Vt., April 20, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) ) today announced results for the three months ended March 31, 2022 and declared a regular quarterly cash dividend.

Key Points: 
  • MORRISVILLE, Vt., April 20, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) ) today announced results for the three months ended March 31, 2022 and declared a regular quarterly cash dividend.
  • No provision for loan losses was recorded for the three months ended March 31, 2022 compared to $150 thousand for the comparable quarter in 2021.
  • There was no net charge-off activity as of March31, 2022 compared to net recoveries of $8 thousand for the comparable period in 2021.
  • When we use any of the words believes, expects, anticipates or similar expressions, we are making forward-looking statements.

Union Bankshares Announces Earnings for the year ended December 31, 2021 and Declares 6.1% Increase in Quarterly Dividend

Retrieved on: 
Wednesday, January 19, 2022
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These changes resulted in net interest income of $9.2 million, an increase of $1.1 million, or 13.6%, quarter over quarter.

Key Points: 
  • These changes resulted in net interest income of $9.2 million, an increase of $1.1 million, or 13.6%, quarter over quarter.
  • Noninterest income was $3.0 million for the three months ended December 31, 2021 compared to $5.0 million for the same period in 2020.
  • A larger earning asset base and a $1.9 million increase in PPP fee income contributed to the increase in interest income.
  • Interest expense was $3.6 million for the year ended December 31, 2021 compared to $5.1 million for the year ended December 31, 2020.

Union Bankshares Announces Earnings for the three and nine months ended September 30, 2021 and Declares Quarterly Dividend

Retrieved on: 
Wednesday, October 20, 2021
Union Bank, ATM, Compliance, Vermont Housing Finance Agency, Technology, Dream, Retirement, Union Bank (Morrisville, Vermont), Security (finance), Community Reinvestment Act, U.S. Securities and Exchange Commission, NASDAQ, Small business, PPP, Income, Equal housing lender, Company, Forgiveness, Internet, Board, Growth, Environment, Board of directors, SBA, CRA, UNB, GLOBE, Sale, FDIC, Terrorism, Community, Animal, Lithium, Bank

MORRISVILLE, Vt., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2021 and declared a regular quarterly cash dividend.

Key Points: 
  • MORRISVILLE, Vt., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2021 and declared a regular quarterly cash dividend.
  • Net interest income improved to $9.1 million for the three months ended September 30, 2021 compared to $8.2 million for the three months ended September 30, 2020, an increase of $961 thousand, or 11.7%.
  • Interest income increased $1.8 million, or 6.6%, to $29.3 million for the nine months ended September 30, 2021 compared to $27.4 million for the nine months ended September 30, 2020.
  • Interest expense was $2.8 million for the nine months ended September 30, 2021 compared to $4.0 million for the nine months ended September 30, 2020.