| Business Summary | | Union
Bankshares,
Inc.
is
a
two-bank
holding
company
whose
subsidiaries
are
Citizens
Savings
Bank
&
Trust
Co.
and
Union
Bank.
Both
wholly
owned
subsidiaries
generally
operate
in
the
same
geographic
and
economic
environments
in
Northern
Vermont.
The
Company
provides
a
variety
of
financial
services
to
individuals
and
corporate
customers
through
its
branches,
ATM's,
telebanking
and
Internet
systems.
As
of
December
31,
2000,
the
Company's
subsidiaries
operated
12
community-banking
locations
all
of
which
are
in
Lamoille
or
Caledonia
counties
of
Vermont.
Eight
of
these
branch
locations
are
Union
Bank's
and
four
are
Citizens'.
Together,
they
also
operate
23
automated
banking
machines
in
northern
Vermont. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Union
Bankshares,
Inc.
is
a
two-bank
holding
company
whose
subsidiaries
are
Citizens
Savings
Bank
and
Trust
Co.
and
Union
Bank.
For
the
six
months
ended
6/30/01,
interest
income
rose
4%
to
$12.1
million.
Net
interest
income
after
loan
loss
provision
rose
2%
to
$7
million.
Net
income
rose
7%
to
$2.4
million.
Net
interest
income
reflects
increased
loans,
partially
offset
by
increased
deposit.
Net
income
reflects
increased
gains
on
sale
of
loans
and
higher
ATM
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| W. Arlen Smith, 69 Chairman | -- | Kenneth Gibbons, 54 Pres,
CEO, Director | $196K | Marsha Mongeon, 45 CFO,
Treasurer | -- | Cynthia Borck, 50 VP,
Director | -- | Jerry Rowe, 50 VP,
Director | 158K | 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
|
|