Union Bankshares is a community bank holding company based in Morrisville, Vermont. Its sole operating subsidiary, Union Bank, serves individuals, small and medium-sized businesses, nonprofits, and municipalities across northern Vermont and northern New Hampshire through 18 branches and three loan centers. Union Bank offers standard community banking products, including retail deposit accounts, consumer lending, commercial and commercial real estate loans, SBA-guaranteed loans, municipal financing, and wealth management and trust services. Like most community banks, Union Bank earns primarily through net interest income — the spread between what it earns on loans and investments and what it pays on deposits. Loans are the primary earning asset, and the bank deploys deposits into loans aggressively. Secondary revenue comes from gains on residential mortgage loan sales into the secondary market, loan servicing income, and service fees. Union Bank's strategy centers on personal relationships and local decision-making, which it argues larger regional and national banks cannot replicate as effectively in smaller, rural markets. Union Bank operates exclusively in northern Vermont and northern New Hampshire, meaning its performance is closely tied to local economic conditions in those regions.