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Union Bankshares Inc UNB

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.


NDAQ:UNB - Post by User

Comment by palladnon Nov 15, 2005 6:32pm
235 Views
Post# 9873546

Extra $232,500 from prior NR

Extra $232,500 from prior NRThe company is pleased to report that the financing announced October 11, 2005 has been oversubscribed and the first tranche of 690,000 dollars (originally 600,000) is expected to close by Tuesday October 24th. The second tranche, which is 920,000 dollars (originally 800,000), that was placed by Aberdeen Gould Investment Bank in Toronto, Canada, will close upon receipt of the 43-101 and is also oversubscribed. The flow-through financing announced October 11, 2005 is also oversubscribed and is now for 172,500 rather than 150,000 dollars.
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