Union Bank
FDIC #14158
📍 Morrisville, Vermont
Union Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1891. With assets of $1.40 Billion, it operates 21 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: May 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
May 1, 2024
Outstanding
August 1, 2020
Outstanding
August 1, 2017
Satisfactory
💰 Financial Strength
Total Assets$1.40 Billion
Total Deposits$1.23 Billion
Equity Capital$65.30 Million
Net Income$8.88 Million
📈 Performance
ROA0.87%
ROE16.43%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1891
FDIC Cert14158
Holding CoUnion Bankshares Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:00 AM - 4:00 PM
Tuesday8:00 AM - 4:00 PM
Wednesday8:00 AM - 4:00 PM
Thursday8:00 AM - 4:00 PM
Friday8:00 AM - 6:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2022
Relocation
Moved HQ to: 20 Main St, Morrisville, VT 05661.
2012
Relocation
Moved HQ to: 20 Lower Main Street, Morrisville, VT 05661.
2011
Relocation
Moved HQ to: 75 North Main Street, Morrisville, VT 05661.
2003
Merger / Acquisition
Acquired: Citizens Savings Bank And Trust Company
1990
Relocation
Moved HQ to: Main Street, Morrisville, VT 05661.