| Business Summary | | Union
Bankshares,
Ltd.
is
an
independent
bank
holding
company
whose
principal
asset
is
the
common
stock
of
Union
Bank
&
Trust
(the
Bank),
a
state-chartered
commercial
bank
located
in
Denver,
Colorado.
The
Bank
attracts
FDIC-insured
deposits
and
focuses
on
providing
service
to
small
and
medium-sized
businesses
and
individuals.
The
Bank
provides
a
range
of
commercial
and
retail
lending
services,
including,
but
not
limited
to,
commercial
business
loans,
commercial
and
residential
real
estate
construction
loans,
commercial
and
residential
real
estate
mortgage
loans,
loan
participations,
consumer
loans,
revolving
lines
of
credit
and
letters
of
credit.
The
Bank
offers
a
variety
of
accounts
for
depositors,
including
certificates
of
deposit,
savings
accounts,
money
market
accounts,
checking
and
negotiable
order
of
withdrawal
accounts
and
individual
retirement
accounts. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Union
Bankshares
is
a
bank
holding
company
for
Union
Bank
and
Trust,
a
state
chartered
bank
with
six
offices
in
the
Denver
metropolitan
area.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
2%
to
$14.8
million.
Net
interest
income
after
loan
loss
provision
rose
3%
to
$8.9
million.
Net
income
fell
10%
to
$1.3
million.
Results
reflect
increased
earning
asset
balances,
offset
by
increased
salaries
and
benefits
expense
due
to
annual
merit
increases. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Charles Harrison, 54 Chairman
and CEO | $355K | Herman Zueck, 59 Pres,
Director | 523K | Bruce Hall, 48 VP,
Treasurer, Sec., Director | 358K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|