Union Bank, a wholly owned subsidiary of Union Bankshares, Inc., is a U.S.

community bank A community bank is a depository institution that is typically locally owned and operated. Community banks tend to focus on the needs of the businesses and families where the bank holds branches and offices. Lending decisions are made by people w ...

based in

Morrisville, Vermont Morrisville is a village in the town of Morristown, Lamoille County, Vermont, United States. As of the 2020 census, the village population was 2,086. Morrisville has two country clubs, a hospital, a school featuring Greek architecture and an air ...

. The bank provides commercial, retail, and municipal banking services and asset management services throughout Northern Vermont and

New Hampshire New Hampshire is a state in the New England region of the northeastern United States. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Gulf of Maine to the east, and the Canadian province of Quebec to the nor ...

. The bank operates 20 branches, three loan centers and several ATMs in the region.

History

Union Bank was founded in 1891 and it was formerly known as The Union Savings Bank and Trust Company until changing its name to Union Bank in 1974. In 1983, Union Bank was incorporated in Vermont and became a registered bank holding company. It maintains its headquarters in Morrisville, Vermont and is a full-service financial institution, offering financial services for

consumers A consumer is a person or a group who intends to order, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, who is not directly related to entrepreneurial or business activities. ...

businesses Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separ ...

, and

municipalities A municipality is usually a single administrative division having corporate status and powers of self-government or jurisdiction as granted by national and regional laws to which it is subordinate. The term ''municipality'' may also mean the go ...

. Vermont locations of the bank include Danville, Fairfax, Hardwick, Jeffersonville, Johnson, Lyndonville, Shelburne, St. Albans, Stowe, and Williston. New Hampshire locations include Groveton, Lincoln, Littleton, and North Woodstock. Loan Centers are located in South Burlington, Barre and Newport, VT. In 2019, the St. Johnsbury branch was used as a set for the

Ron Howard Ronald William Howard (born March 1, 1954) is an American director, producer, screenwriter, and actor. He first came to prominence as a child actor, guest-starring in several television series, including an episode of ''The Twilight Zone''. He ...

file ''Apple Seed.''

Operations

The bank focuses on traditional community banking activities, taking deposits and making loans. The bank originates loans for marketplace lenders and processes payments. As of June 2022, the bank has assets of approximately $1.2billion and employs more than 200 employees throughout its branch offices and corporate headquarters in Vermont and New Hampshire.

Services

Union Bank offers checking and savings accounts, personal and business loans, asset management, cash management, and merchant services.

Community involvement

As part of its mission, Union Bank regularly participates in and supports community-centric events in the areas it serves. This has included events and programs focused on cancer, education, arts and culture, professional development, human services, public and societal benefit and more. One example is Union Bank's funding for Copley Health Systems, where it donates to its annual fundraising event and supports special campaigns.

References

{{reflist Banks based in Vermont Banks established in 1891