Union Bankshares (NASDAQ:UNB) Inc. is a bank holding company headquartered in Staunton, Virginia, whose primary subsidiary, Union Bank & Trust, provides a full suite of commercial and consumer banking services. Established in 1990 to consolidate and manage the operations of its flagship institution, the company offers business lending, treasury management, real estate financing and deposit services tailored to small and medium-sized enterprises. On the consumer side, Union Bank & Trust delivers residential mortgages, home equity lines of credit, personal loans, digital banking and checking and savings products.
Operating more than 120 branch and lending centers, Union Bankshares focuses on markets across Virginia and the District of Columbia. Its commercial portfolio includes equipment financing, construction and development loans, asset-based lending and trade finance, while its wealth management division provides trust and investment advisory services for high-net-worth clients. The bank’s mortgage banking arm originates, sells and services residential loans for first-time homebuyers, refinancers and niche segments such as physician lending.
The history of Union Bankshares traces back to the early 20th century, when its predecessor bank served the Shenandoah Valley community. Over the decades, the company has grown organically and through strategic acquisitions of community banks and loan production offices, broadening its geographic reach and product capabilities. This growth strategy has enabled Union Bankshares to blend local decision-making with the resources of a regional financial institution.
Under the leadership of President and CEO Donald C. Hudson and an experienced executive team, Union Bankshares emphasizes a community banking model built on relationship-driven service and local board governance. The company maintains a focus on client responsiveness, risk management and community engagement through philanthropic initiatives and support of regional economic development.
