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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

Bullboard Posts
Post by linericon Sep 26, 2005 11:37pm
161 Views
Post# 9612257

Warrants

WarrantsIt depends who is holding the warrants- it may be Blair and the boys themselves or someone close. It would bring $ 375,000 into the bank and the extention is only one month - if the holders didn't buy in yet why would they buy now. Could be the financing may be coming from the same group ( warrant holders)and this is the sweetener to close the deal. Who knows - I do not see it as a negative. I think the boys are going to put together a very smart deal and we will be on our way.
Bullboard Posts