People: Union Bankshares Inc (UNB.W)

UNB.W on CBOE When Trading NASDAQ Global Select Market

21.18USD
29 Apr 2013
Price Change (% chg)

$0.23 (+1.10%)
Prev Close
$20.95
Open
$21.18
Day's High
$21.18
Day's Low
$21.18
Volume
100
Avg. Vol
29
52-wk High
$21.49
52-wk Low
$19.52

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Summary

Name Age Since Current Position

Kenneth Gibbons

 65 2012 Chairman of the Board of the company and bank

David Silverman

 51 2012 President, Chief Executive Officer of the company and bank, Director

Marsha Mongeon

 56 CFO, Vice President, Treasurer of Company and Senior Vice President & Treasurer of Bank

John Steel

 62 2010 Secretary, Independent Director

Cynthia Borck

 62 2011 Independent Director

Steven Bourgeois

 63 2005 Independent Director

Van Dyke Cornelius

 58 2010 Independent Director

Timothy Sargent

 36 2011 Independent Director

Schuyler Sweet

 64 2008 Independent Director

JoAnn Tallman

 IR Contact Officer
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Biographies

Name Description

Kenneth Gibbons

 Mr. Kenneth D. Gibbons is Chairman of the Board of Union Bankshares Inc., and Union Bank., a subsidiary of the company. He will resign as Chief Executive Officer of the company and Union Bank effective May 16, 2012. He has served as President, of both the Company and Union since 1991. He began his banking career in 1965 in Massachusetts and has worked in all areas of banking during the intervening years. He moved to Vermont in 1975 and joined Union in 1984 as Vice President of Commercial Lending. He has served on many committees of the VBA and is a past VBA Chair. He has also been actively involved with the American Bankers Association and is a former member of the board of directors of the Independent Community Bankers of America (ICBA). He has been active in numerous civic organizations and currently serves on the board of the Vermont Educational and Health Buildings Finance Agency, the Lamoille Region Chamber of Commerce and the Vermont Chamber of Commerce and on various Copley Hospital committees. He joined the Company's Board in 1989, and serves on Union's Pension Committee. He currently serves on all three of Union's local Advisory Boards from which he will step down from at the 2012 annual meeting.

David Silverman

 Mr. David S. Silverman is President and Director of Union Bankshares, Inc. and the Union Bank, a subsidiary of the company. He will be appointed as Chief Executive Officer of the company and Union Bank effective May 16, 2012. He became President of the Company and the Bank on April 1, 2011. He was appointed to the Bank's Board of Directors in November 2010 and elected to the Company's Board at the 2011 annual meeting. He has been with the Bank for 25 years and before becoming President, served in many capacities, most recently as Vice President of the Company and Senior Vice President and Senior Loan Officer of the Bank. He has been active in the community having served as a trustee of the Hardwick Electric Department, on the Boards of the Stowe Area Association, Lamoille County Health Services, and as a member of the Morristown Development Review Board. He is currently serving on the Board and is Treasurer of Community Health Services of Lamoille Valley, as an executive council member of the Vermont Bankers Association, and was recently appointed to the Board of Directors of Lamoille Economic Development Corporation. He serves on the Bank's Trust, Pension and 401K Committees and will join all three of Union's local Advisory Boards in May 2012.

Marsha Mongeon

 Ms. Marsha A. Mongeon is Vice President, Treasurer and Chief Financial Officer of Union Bankshares Inc., and Senior Vice President and Treasurer, Union Bank, a subsidiary of the company.

John Steel

 Mr. John H. Steel is Secretary, Independent Director of Union Bankshares Inc., since 2002. He founded Steel Construction in Stowe, Vermont in 1981 and is now one of the premier builders in Stowe. He holds a degree in Business Administration from the University of Denver. He currently serves as Vice President of Copley Hospital serving on its executive, finance and compensation committees. He is also Chair of the Copley Woodlands Board. He serves on the Company's Compensation Committee, as well as on Union's Trust, 401K and Pension Committees. He became Secretary of the Company in October, 2010.

Cynthia Borck

 Ms. Cynthia D. Borck is Independent Director of Union Bankshares Inc. She has been a board member since 1995 and was employed for twenty two years by the Company's subsidiary, Union Bank, prior to her retirement in 2008 from her position as Executive Vice President. During her career at the Bank, She worked in and managed operations, retail lending, secondary market loan sales and branch administration. She has also been active in the Vermont Bankers Association (VBA), serving on various VBA committees and its executive council and is a past VBA Chair. Following her retirement from the Bank in 2008, she established Consulting Services Information, a business consulting firm which she owns and operates, in addition to working with a CPA firm periodically. She has also been active in both civic and church organizations. She serves on Union's 401K Committee and Chairs its Trust Committee.

Steven Bourgeois

 Mr. Steven J. Bourgeois is Independent Director of Union Bankshares Inc., since May 18, 2005. He began his career in banking in 1969. He served as the President and Chief Executive Officer (“CEO”) of Franklin Lamoille Bank in St. Albans, Vermont from 1991 to 2001 when the Company was acquired. He continued as Regional President of Banknorth until 2002 and as an Advisory Board member until 2004. He is the owner and CEO of Strategic Initiatives for Business LLC, a business consulting firm he founded in 2002. He has served as an officer/board member of the Vermont Economic Development Authority from 1988 until present, as a member of the Governor's Council of Economic Advisors from 2002 to 2010, and has served on many statewide councils at the Governor's request. He has numerous other business, community, civic and banking industry group memberships in Vermont and Franklin County. He is the Chair of the Audit Committee. He is also a member of Union's St. Albans Advisory Board.

Van Dyke Cornelius

 Mr. Cornelius J. Van Dyke is Independent Director of Union Bankshares Inc., since 2010. He was appointed to the Board of Union Bank in 2009. He holds a Bachelor's Degree from Dartmouth College and a Master of Science with a concentration in recreation management from SUNY College of Environmental Science and Forestry. He joined the staff of the Golden Eagle Resort in 1979 and is currently the President and General Manager. Neil has been actively involved on the board of Stowe Area Association since 1982, currently serving as its Vice President and Treasurer and is the founder of Stowe Mountain Rescue, where he has been a team leader since 1980. He also was elected as a member of the Stowe Select Board in 2010. He served as a director of the Franklin Lamoille Bank and on the Vermont advisory board of Banknorth from 1998 until 2006. He serves on the Company's Compensation Committee and on the Bank's Trust Committee.

Timothy Sargent

 Mr. Timothy Willis Sargent is Independent Director of Union Bankshares Inc. He currently practices law in Morrisville, Vermont, at Sargent Law Office, and has been there since 2004. In January 2009, Mr. Sargent assumed full ownership of the firm. He holds a law degree from Vermont Law School and a bachelor of science degree from Bates College. For the past eight years, he has served as a Trustee on the Morrisville Water and Light Board and been actively involved with the Morrisville Rotary Club, where is his currently Co-President. In addition, he sits on the Ron Terrill Scholarship Fund Committee - which awards scholarships to local graduating high school students. He is an active member in the local community. He was appointed to Union Bank's Board in July, 2010 and serves on the Company's Audit Committee.

Schuyler Sweet

 Mr. Schuyler Wallace Sweet is Independent Director of Union Bankshares Inc., since May 21, 2008. He is the owner and Manager of Stony River Properties, LLC, an equipment leasing and property management company in Littleton, New Hampshire. He has owned and operated a number of businesses over the years, including busing companies, a travel agency and leasing companies. He has been on Union Bank's Northern New Hampshire Advisory Board since 2005 and is active in local civic and business organizations. He serves as Chair of the Company's Compensation Committee. He also serves on the Company's Audit Committee, as well as on Union's Pension Committee.

JoAnn Tallman

Basic Compensation

Name Fiscal Year Total

Kenneth Gibbons

 277,754

David Silverman

 198,868

Marsha Mongeon

 160,589

John Steel

 --

Cynthia Borck

 158,214

Steven Bourgeois

 --

Van Dyke Cornelius

 --

Timothy Sargent

 --

Schuyler Sweet

 --

JoAnn Tallman

 --
As Of 30 Dec 2011

Options Compensation

Name Options Value

Kenneth Gibbons

 12,000 46,980

David Silverman

 0 0

Marsha Mongeon

 1,125 3,611

John Steel

 0 0

Cynthia Borck

 3,000 8,501

Steven Bourgeois

 0 0

Van Dyke Cornelius

 0 0

Timothy Sargent

 0 0

Schuyler Sweet

 0 0

JoAnn Tallman

 0 0

Insider Trading

Name Shares Traded Price

MONGEON MARSHA A

 800 $17.15

SILVERMAN DAVID SCOTT

 1,000 $19.19

VAN DYKE CORNELIUS JOHN

 100 $19.90

VAN DYKE CORNELIUS JOHN

 100 $19.55

VAN DYKE CORNELIUS JOHN

 100 $19.60

SARGENT TIMOTHY WILLIS

 165 $0.00

SARGENT RICHARD C

 369 $0.00

SARGENT RICHARD C

 650 $0.00

VAN DYKE CORNELIUS JOHN

 300 $18.90

STEEL JOHN H

 500 $19.01

SARGENT RICHARD C

 10,050 $0.00

MONGEON MARSHA A

 700 $17.15

STEEL JOHN H

 500 $18.88

VAN DYKE CORNELIUS JOHN

 50 $18.98

VAN DYKE CORNELIUS JOHN

 150 $19.56

SARGENT RICHARD C

 650 $0.00

SARGENT RICHARD C

 369 $0.00

SARGENT RICHARD C

 10,050 $0.00

VAN DYKE CORNELIUS JOHN

 100 $19.50
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