Union Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on February 8, 2017
January 19, 2017 at 01:53 am IST
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On January 18, 2017, the board of directors of Union Bankshares, Inc. declared a $0.01, or 3.6%, increase in the quarterly cash dividend from $0.28 per share to $0.29 per share. The dividend is payable on February 8, 2017 to shareholders of record as of January 28, 2017.
Union Bankshares, Inc. is a one-bank holding company whose sole subsidiary is Union Bank. Its business is that of a community bank in the financial services industry. The Union Bank provides full retail, commercial, municipal banking, and wealth management and trust services. It is providing retail banking services to individuals and commercial banking services to small and medium sized business corporations, limited liability companies, partnerships, and sole proprietorships, and nonprofit organizations, local municipalities and school districts within its market area. Its products and services include commercial loans for business purposes to business owners and investors for plant and equipment, working capital, real estate renovation and other sound business purposes; commercial real estate loans on income producing properties, including commercial construction loans; online mortgage applications; business checking accounts; online consumer deposit account opening, and others.