Edition:
United States

Union Bankshares Corp (UBSH.OQ)

UBSH.OQ on NASDAQ Stock Exchange Global Select Market

37.26USD
2:48pm EST
Change (% chg)

$1.01 (+2.79%)
Prev Close
$36.25
Open
$36.31
Day's High
$37.40
Day's Low
$36.17
Volume
101,762
Avg. Vol
80,047
52-wk High
$39.02
52-wk Low
$30.45

Summary

Name Age Since Current Position

Raymond Smoot

70 2014 Chairman of the Board

John Asbury

51 2017 President, Chief Executive Officer, Director

Robert Gorman

58 2012 Chief Financial Officer, Executive Vice President

M. Dean Brown

52 2015 Executive Vice President, Chief Information Officer & Head of Bank Operations

G. William Beale

67 2017 Director

L Armstrong

69 2010 Independent Director

Glen Combs

70 2014 Independent Director

Beverley Dalton

68 2014 Independent Director

Gregory Fisher

67 2014 Independent Director

Daniel Hansen

60 2007 Independent Director

Jan Hoover

60 2014 Independent Director

Patrick McCann

60 2004 Independent Director

W. Tayloe Murphy

84 1993 Independent Director

Alan Myers

66 2014 Independent Director

Thomas Rohman

62 2013 Independent Director

Linda Schreiner

57 2012 Independent Director

Raymond Slaughter

71 2012 Independent Director

Charles Steger

69 2014 Independent Director

Ronald Tillett

61 2003 Independent Director

Keith Wampler

59 2014 Independent Director

Biographies

Name Description

Raymond Smoot

Dr. Raymond D. Smoot, Jr. is Chairman of the Board of the Company since January 1, 2014. He is a Retired Chief Executive Officer of the Virginia Tech Foundation, Inc.; member of the Board of Directors and Chairman of the Audit Committee of RGC Resources, Inc., a publicly traded diversified energy company; member of the Executive Committee and Chairman of the Finance Committee of Carilion Clinic, a comprehensive health care organization in western Virginia; member of the Investment Advisory Committee of Harbert Venture Partners; director of the Virginia Tech Corporate Research Center; former Chairman of the Board of Directors of StellarOne Corporation and StellarOne Bank; former Chairman of the Board of Directors of a legacy StellarOne bank; received his B.A. and M.S. degrees from Virginia Tech and a Ph.D. from The Ohio State University. Dr. Smoot joined the Company’s Board of Directors in January 2014.

John Asbury

Mr. John C. Asbury serves as President, Chief Executive Officer, Director of the Company. Chief Executive Officer of the Company since January 2017 and President since October 2016, President and Chief Executive Officer of Union Bank & Trust, the Company’s wholly owned bank subsidiary, since October 2016. President and Chief Executive Officer of First National Bank of Santa Fe from February 2015 until August 2016. Senior Executive Vice President and Head of the Business Services Group at Regions Bank from May 2010 until July 2014, Senior Vice President at Bank of America in a variety of roles. Mr. Asbury received his B.S. degree in Business from Virginia Tech and his M.B.A. from The College of William and Mary.

Robert Gorman

Mr. Robert M. Gorman is an Chief Financial Officer, Executive Vice President of Union Bankshares Corporation. He had been at SunTrust Banks, Inc. since 2002 and most recently was Senior Vice President -- Director of Corporate Support Services providing executive leadership for the company's Corporate Real Estate, Supply Chain Management and Insurance Risk Management functions. Prior to this role, Gorman was Senior Vice President -- Corporate Strategic Financial Officer from 2004 to 2011 responsible for providing financial management leadership and to SunTrust's Lines of Business including Retail Banking, Mortgage Banking, Commercial Banking, Commercial Real Estate, and Investment Banking and Corporate and Investment Banking as well as to the company's Geographic Banking and Corporate Function business units. In addition, he directed all Corporate Planning and Forecasting activities for SunTrust. Gorman joined SunTrust in 2002 as Senior Vice President -- Corporate Functions Strategic Financial Officer. Prior to working at SunTrust Banks, Inc., Gorman was Senior Vice President - Technology and Operations Group Chief Financial Officer for FleetBoston Financial Corporation from 1997 to 2002. While at Fleet he also served as Vice President -- Corporate Financial Planning and Analysis from 1996 to 1997 and Vice President -- Consumer Banking Division Chief Financial Officer from 1994 to 1996. Gorman began his career at Arthur Andersen & Co. before joining the Bank of New England Corporation in 1982. Gorman joined Liberty Mutual Insurance Group in 1991 as Director of Corporate Finance and also served as Director Corporate Treasury from 1993 to 1994. Gorman received a Bachelor of Science degree in Accounting from Babson College and his MBA from Harvard Business School.

M. Dean Brown

Mr. M. Dean Brown is Executive Vice President and Chief Information Officer & Head of Bank Operations of the company since joining the Company in February 2015. He is the Chief Information and Back Office Operations Officer of Intersections Inc. from 2012 to 2014. Chief Information Officer of Advance America from 2009 to 2012. Senior Vice President and General Manager of Revolution Money from 2007 to 2008. Executive Vice President, Chief Information Officer and Chief Operating Officer from 2006 to 2007, and Executive Vice President and Chief Information Officer from 2005 to 2007, of Upromise LLC.

G. William Beale

Mr. G. William Beale is Director of Union Bankshares Corporation. Chief Executive Officer (sometimes referred to as “CEO”) of the Company from February 2010 until January 2017 and President of the Company from October 2013 to October 2016; President and Chief Executive Officer of the Company from its inception in 1993 to February 2010, President of Union Bank & Trust (“Union Bank & Trust” or the “Bank”), the Company’s wholly owned bank subsidiary, from January 2016 to October 2016, Chief Executive Officer of Union Bank & Trust from February 2010 to October 2016, President and Chief Executive Officer of Union Bank and Trust Company, a predecessor of Union Bank & Trust, from 1991 to 2004, Chair of the Virginia Bankers Association from 2006 to 2007, gubernatorial appointment to the Virginia Economic Development Partnership from 2008 to 2011, Member of the Board of Directors of the American Bankers Association since October 2010, President of The Cincinnati in the State of Virginia, graduate of The Citadel, majoring in business; attended graduate school of banking at Southern Methodist University. Mr. Beale joined the Board of Directors of the Company at its inception in 1993.

L Armstrong

Mr. L. Bradford Armstrong is Independent Director of Union First Market Bankshares Corp. He has been President of Armstrong Partners, Adjunct Faculty at VCU Brandcenter, former Partner and Group Account Director of The Martin Agency, an international advertising agency and marketing services company, from 2007 to 2015 and from 1994 to 2001. President and Chief Executive Officer of Virginia Performing Arts Foundation, from 2001 to 2006. extensive experience in sales and marketing for more than 35 years. received his B.S. degree in engineering from the University of Virginia and his M.B.A. from its Darden Graduate School of Business. Mr. Armstrong joined the Company’s Board of Directors in 2010.

Glen Combs

Mr. Glen C. Combs, is Independent Director of the company. He is a former Vice President of Acosta, Inc. a sales, marketing, and service company for grocery retailers. former President of M&M Brokerage, a food brokerage company that was acquired by Acosta Sales. serves on the boards of several non-profit organizations in the Roanoke, Virginia region. Chairman of the Compensation Committee of Friendship Manor, the largest nursing home in Virginia. serves on the Corporate Governance and Nominating Committee for Petroleum Marketers, a large distributor of petroleum products in Virginia. former member of the Board of Directors of StellarOne Bank. received his degree in business administration from Virginia Polytechnic Institute and State University (“Virginia Tech”). Mr. Combs joined the Company’s Board of Directors in January 2014.

Beverley Dalton

Ms. Beverley E. Dalton is Independent Director of the company. She is a owner of W.C. English, Inc. a diversified heavy construction services provider in the Mid-Atlantic region. currently serving a third term on the Town Council of Altavista, Virginia. member of the Board of Trustees of Lynchburg College. member of the Board of the Virginia Baptist Foundation. member of the Board of Visitors of Virginia Tech from 2004 to 2012. former member of the Board of Directors of StellarOne Bank. received her B.A. degree in education from the University of Richmond. Ms. Dalton joined the Company’s Board of Directors in January 2014.

Gregory Fisher

Mr. Gregory L. Fisher is Independent Director of the company. He is a President and Owner of Eddins Ford, Inc. an automobile dealership, served on the Virginia Student Aid Foundation Board of the University of Virginia, served multiple three-year terms on the Washington Area Ford Dealer Advertising Fund Board; former member of the Board of Directors of StellarOne Bank, received a certification in business from the Jefferson Professional Institute. Mr. Fisher joined the Company’s Board of Directors in January 2014.

Daniel Hansen

Mr. Daniel I. Hansen is Independent Director of Union First Market Bankshares Corp. He is a Corporate Vice President and Corporate Secretary of DeJarnette & Beale, Inc. Bowling Green, Virginia, an independent insurance agency, for 37 years, until the sale of the business in November 2015. Chairman of the Board of Directors of Union Bank and Trust Company from 2003 to 2007. first elected to the Board of Directors of Union Bank and Trust Company in 1987. also serves as a member of the Board of Directors of the Company’s affiliate, Union Mortgage Group, Inc. received his B.S. degree from Virginia Tech. Mr. Hansen joined the Company’s Board of Directors in 2007.

Jan Hoover

Ms. Jan S. Hoover is Independent Director of the company. She is a President of Arehart Associates, Ltd., an accounting services and financial consulting company; more than 30 years of experience providing auditing, accounting, income taxation, and consulting services; qualifies as an audit committee financial expert under SEC regulations; former member of the Board of Directors of StellarOne Bank; received her B.S. degree from the University of Virginia. Ms. Hoover joined the Company’s Board of Directors in January 2014.

Patrick McCann

Mr. Patrick J. McCann is Independent Director of Union First Market Bankshares Corp. He served as Chief Financial Officer of University of Virginia Foundation since 2009; private investor; Senior Finance Executive for Bank of America-Florida Division from 1998 to 2000; Corporate Director of Finance from 1996 to 1998 and Corporate Controller and Chief Accounting Officer from 1992 to 1996 of Barnett Banks, Inc.; qualifies as an audit committee financial expert under SEC regulations; received his B.S. degree in accounting from Florida State University. Mr. McCann joined the Company’s Board of Directors in 2004.

W. Tayloe Murphy

Mr. W. Tayloe Murphy is Independent Director of Union First Market Bankshares Corp. He served as Secretary of Natural Resources of the Commonwealth of Virginia from 2002 to 2006; Delegate of the Virginia General Assembly from 1982 to 2000; first elected to the Board of Directors of Northern Neck State Bank in 1966; serves on the Board of Trustees of The Menokin Foundation (Immediate Past President) and the Virginia Commonwealth University (“VCU”) Rice Rivers Center; Honorary Director of the Board of the Alliance for The Chesapeake Bay; former trustee of the Chesapeake Bay Foundation; received his B.A. degree from Hampden-Sydney College and his law degree from the University of Virginia. Mr. Murphy joined the Company’s Board of Directors at its inception in 1993.

Alan Myers

Mr. Alan W. Myers is Independent Director of the company. He is a former Senior Vice President for Omni Services, Inc., a holding company for several subsidiaries, including companies engaged in textile rental, restroom services, first aid supply distribution, and catalog sales of work garments, with 55 locations in 22 states; former member of the Board of Directors of StellarOne Bank; former Chairman of the Board of Directors of a legacy StellarOne bank; also serves as a member of the Board of Directors of the Company’s affiliate, Union Mortgage Group, Inc.; received his B.A. degree in political science from Virginia Tech. Mr. Myers joined the Company’s Board of Directors in January 2014.

Thomas Rohman

Mr. Thomas P. Rohman is Independent Director of Union First Market Bankshares Corporation effective April 30, 2013. He is a Partner at McGuireWoods, LLP, a global law firm with more than 900 lawyers and 19 offices worldwide; serves on its Board of Partners; Adjunct Professor at the T. C. Williams School of Law at the University of Richmond; former Chairman of the Board of Directors of Feed More, Inc. (Central Virginia Food Bank, Meals on Wheels, and the Community Kitchen); received his undergraduate degree from the University of Notre Dame, his law degree from Michigan State University College of Law, and his LL.M. (Taxation) from the New York University School of Law. Mr. Rohman joined the Company’s Board of Directors in 2013.

Linda Schreiner

Ms. Linda V. Schreiner is Independent Director of Union First Market Bankshares Corporation. She is a Senior Vice President of Markel Corporation, a financial holding company with specialty insurance and reinsurance and ventures businesses since 2016; Senior Vice President of MeadWestvaco, a global packaging company, from 2000 to 2016; member of the Darden School of Business Corporate Advisory Board since 2014; President of ChildSavers Board of Directors since 2014 and member of that Board since 2008; member of the Executive Committee of Venture Richmond from 2006 to 2014; Vice Chairman of the Board of Directors for the VCU Rice Center until 2012 and member of that Board since 2008; Senior Manager, Strategy Consulting of Arthur D. Little, Inc. from 1997 to 1999; Vice President of Signet Banking Corporation from 1988 to 1997; received her B.A. degree from the University of Georgia and Masters of Education from the University of Vermont. Ms. Schreiner joined the Company’s Board of Directors in 2012.

Raymond Slaughter

Mr. Raymond L. Slaughter is Independent Director of Union First Market Bankshares Corporation. He is an Associate Professor of Accounting at the University of Richmond since 1977. attorney and certified public accountant. Chairman of the Board of Directors of Employment Resources, Inc. member of the Board of Trustees for Mary Washington Healthcare from 2005 to 2014. member of the Board of Directors of Union Bank & Trust, formerly known as Union First Market Bank (“Union Bank & Trust” or the “Bank”), the Company’s wholly owned bank subsidiary, from 2004 to 2012; member of the Virginia Board of Accountancy from 1983 to 1988. qualifies as an audit committee financial expert under SEC regulations; also serves as a member of the Board of Directors of the Company’s affiliate, Union Mortgage Group, Inc. received undergraduate degrees from Kentucky State University and his law degree from Howard University School of Law. received his M.B.A. from University of Pennsylvania’s Wharton School of Finance and Commerce. Mr. Slaughter joined the Company’s Board of Directors in 2012.

Charles Steger

Dr. Charles W. Steger is Independent Director of the company. He is a president emeritus of Virginia Tech. President of Virginia Tech from 2000 to 2014. member of the Board of Directors of the National Institute of Building Sciences and Chairman of its foundation. Chairman of the Virginia Tech MARG-Swarnabhoomi, India Trust in Chennai, India; member of the Board of Trustees of Randolph-Macon College. member of the Board of Directors of the Virginia Business Higher Education Council. member of the Virginia Western Community College Educational Foundation, Inc. former member of the Board of Directors of StellarOne Bank. Dr. Steger joined the Company’s Board of Directors in January 2014.

Ronald Tillett

Mr. Ronald L. Tillett is Independent Director of the Company, he is Managing Director and Head, Mid-Atlantic Public Finance at Raymond James & Associates, Inc. since 2001. State Treasurer of the Commonwealth of Virginia from 1991 to 1996; Secretary of Finance of the Commonwealth of Virginia from 1996 to 2001. Member of the Christopher Newport University Foundation since 2016. Chairman of the Board of Directors of Bon Secours Virginia Health Source since 2008. ember, SIFMA Municipal Executive Sterring. ember of the Commonwealth Debt Capacity Advisory Committee since 2010. received his B.S. degree from VCU. Mr. Tillett joined the Company’s Board of Directors in 2003.

Keith Wampler

Mr. Keith L. Wampler is Independent Director of the company, He is a Partner at PBMares, LLP, a regional certified public accounting firm with nine offices in Virginia and Maryland; Chairman of the firm’s Board of Directors and Service Line Leader for the firm’s consulting practices; founding member of the Community Foundation of the Rappahannock River Region; former member of the Board of Directors of StellarOne Bank; received his B.S. degree from Bridgewater College. Mr. Wampler joined the Company’s Board of Directors in January 2014.

Basic Compensation