Question 1

What is Union Bank (Vermont)?

Accepted Answer

Union Bank is an independent community bank serving northern Vermont and northwestern New Hampshire with approximately $1.6 billion in consolidated assets. Established in 1891, the bank operates 21 offices (18 banking offices and three loan centers) throughout its service area, providing comprehensive personal, commercial, and municipal banking services along with wealth management. As one of the oldest independent community banks in Vermont, Union Bank combines traditional community banking values with modern financial technology under the motto "Stay Local. Go Far."

Question 2

When was Union Bank (Vermont) founded?

Accepted Answer

Union Bank was originally chartered in 1891 by local community leaders and business people in Morrisville, Vermont. For over 130 years, the bank has served the banking needs of individuals, families, and businesses in the region, building a longstanding reputation for investing in customer and community success.

The bank holding company, Union Bankshares, Inc., was later formed in 1983 to provide greater strategic flexibility and facilitate growth while maintaining the institution's community banking focus. A significant milestone occurred in 1996 when Union Bank acquired The Citizens Savings Bank and Trust Company of St. Johnsbury, substantially expanding its market presence and asset base. The bank achieved another important milestone in 1972 when Union Bankshares became a publicly traded entity, listing its shares on the NASDAQ stock exchange.

Question 3

Where is Union Bank (Vermont) headquartered?

Accepted Answer

Union Bank is headquartered in Morrisville, Vermont, located in Lamoille County. The corporate headquarters of Union Bankshares, Inc. is located at 20 Lower Main Street in Morrisville, where the bank's operations have been centered since its founding in 1891.

Question 4

Where does Union Bank (Vermont) operate?

Accepted Answer

Union Bank operates throughout northern Vermont and northwestern New Hampshire, serving communities across multiple counties in both states. The bank maintains 18 full-service banking offices, three specialized loan centers, and multiple ATM locations throughout its geographic footprint.

The bank's service area includes rural communities, small towns, and regional economic centers across northern New England. This extensive branch network allows Union Bank to maintain deep roots in local communities while providing convenient access to banking services across a broad geographic area.

Question 5

What services does Union Bank (Vermont) offer?

Accepted Answer

Union Bank offers a full range of personal banking services including checking accounts, savings accounts, money market accounts, certificates of deposit, and various consumer loan products. The bank provides comprehensive mortgage lending services and was recognized as a VHFA (Vermont Housing Finance Agency) Top Lender in 2024.

Commercial banking services include business checking and savings accounts, commercial real estate loans, business lines of credit, and equipment financing tailored to small and medium-sized businesses. The bank also serves municipal clients with specialized lending and deposit services, with municipal loans representing approximately 9.1% of the total loan portfolio.

Wealth management services are available through the bank's trust department, providing investment management, retirement planning, and estate planning services. Digital banking capabilities include mobile banking apps, online banking platforms, and remote deposit services, allowing customers to manage their finances conveniently while maintaining access to personalized local service.

Question 6

What makes Union Bank (Vermont) unique?

Accepted Answer

Union Bank distinguishes itself as one of the oldest and most stable independent community banks in Vermont, with over 130 years of continuous service. The bank has earned recognition for its exceptional performance and community commitment, including FDIC CRA Outstanding Rating, designation as one of the Top 200 Performing Community Banks, and inclusion in Newsweek's Best Regional Banks for 2025.

The bank's business model emphasizes relationship banking, with experienced local staff who take time to understand customers' lives and financial needs, transforming ordinary transactions into meaningful financial partnerships. Union Bank has successfully navigated numerous economic challenges throughout its history, including the Great Depression, various recessions, and natural disasters such as historic flooding in Vermont in 2023, demonstrating resilience and commitment to supporting communities during difficult times. The institution combines fairness, respect, and integrity with state-of-the-art banking products, maintaining a unique niche as an experienced and responsive lender whose service transcends generations.

Question 7

What type of financial institution is Union Bank (Vermont)?

Accepted Answer

Union Bank is a Community Bank organized as a state-chartered commercial bank. As the primary subsidiary of Union Bankshares, Inc., a publicly traded bank holding company, Union Bank operates as a full-service community banking institution. This designation reflects its comprehensive approach to serving individuals, businesses, and municipalities within its market area while maintaining the personalized service, local decision-making, and community investment that define community banking. The bank's structure as a community bank allows it to remain nimble and responsive to local needs while providing the full range of commercial banking products and services, including specialized offerings for municipalities and wealth management clients.

Union Bank (Vermont)

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About Union Bank (Vermont) in the United States