Union Bank of VT & NH

Union Bank of VT & NH is a subsidiary of Union Bankshares, Inc. (UNB), traded on the NASDAQ Exchange. Established in 1891 and headquartered in Morrisville, VT, the bank boasts 18 branch locations and 2 Loan Centers specializing in personal, business, and municipal banking services, asset management, and retirement strategies. It is locally owned and operated but provides access to over 55,000 surcharge-free ATMs worldwide and 2,500 in New England through the Allpoint® Network. Furthermore, its online and mobile banking services prioritize maximum functionality, convenience, and security. As a community bank, Union Bank actively invests in local towns, businesses, and individuals, aiding families in purchasing homes and supporting the growth of local businesses. Notably, it was recognized for four consecutive years as the United States Department of Agriculture’s Rural Development (USDA RD) Vermont lender of the year, and it is a Small Business Administration (SBA) Preferred Lender, reflecting its dedication to supporting local businesses to thrive. In line with its commitment to traditional values, the bank's employees reflect its emphasis on sincere and helpful service, with involvement in numerous local charities and community initiatives. Union Bank's focus on community engagement and support of local businesses aligns well with the growing emphasis on sustainable and localized banking practices, positioning it as a potential attractive investment opportunity for venture capitalists seeking to support regional financial services and banking institutions with a strong community focus. However, given the traditional and established nature of Union Bank, potential investors will need to carefully consider its growth potential and technological adaptability in a digitalized financial landscape.