Union Bankshares, Inc. (mena, Ar)
Supplied materials identify Union Bank of Vermont & New Hampshire, not the named Mena, Arkansas entity, as a 1891-founded community bank serving consumers, businesses, municipalities, and wealth clients through branches and digital channels.
- Company typePublic
- Founded1891
- HeadquartersMorrisville, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Union Bankshares, Inc. (mena, Ar) does
The requested company name is Union Bankshares, Inc. (Mena, Arkansas), but the supplied data does not establish that this is the same business as the one analyzed below. The substantive evidence instead concerns Union Bank of Vermont & New Hampshire, identified in the source as Union Bank, Inc., a community bank founded in 1891 serving individuals, small and medium-sized businesses, non-profit organizations, municipalities and government entities, and wealth-management clients across Vermont and New Hampshire. The supplied materials contain no Arkansas operating details, so the identity mismatch must be resolved before applying bank-level conclusions to the Mena company.
Union Bank's operating model combines physical branches with online and mobile banking, telebanking, and online account opening. Its product set spans checking, savings, certificates of deposit, individual retirement accounts, mortgages and personal loans; SBA loans, commercial real-estate loans, term loans, lines of credit, business cards, cash management, merchant services, payroll and HR services, remote deposit capture, and Positive Pay and ACH filtering; and investment management, personal trusts, retirement strategies, and estate services. Digital capabilities include mobile deposit, Apple Pay, personal financial management, UBP2PHub, and Quicken/QuickBooks synchronization. The source discloses no API, SDK, proprietary AI model, or AI modality.
The primary revenue mechanic is interest income from mortgages, commercial loans, and personal loans, supplemented by deposit and service fees and wealth-management revenue. The go-to-market is community-led and relationship-based, with local decision-making and branch access supported by digital self-service. Product rates vary, and the source says a public fee schedule is not disclosed; the materials also provide no headcount, customer count, balance-sheet size, revenue, or historical growth figures.
Union Bankshares, Inc. (mena, Ar) firmographics
Firmographics- Name
- Union Bankshares, Inc. (mena, Ar)
- Legal name
- Union Bank, Inc.
- Website
- https://unionbankvt.com
- Company type
- Public
- Founded year
- 1891
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Supplied materials identify Union Bank of Vermont & New Hampshire, not the named Mena, Arkansas entity, as a 1891-founded community bank serving consumers, businesses, municipalities, and wealth clients through branches and digital channels.
- Ownership category
- akta.pro rank
Where Union Bankshares, Inc. (mena, Ar) is headquartered
LocationHeadquarters
- HQ city
- Morrisville
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Union Bankshares, Inc. (mena, Ar) business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Interest Income: Primary revenue stream from interest earned on loans including mortgages, commercial loans, personal loans, and other credit products. Interest is the main income driver for the institution.
- Deposit and Service Fees: Fee income from deposit accounts, checking services, wire transfers, overdraft privileges, and other banking services
- Wealth Management Services: Revenue from investment management, trust services, and retirement planning services provided to customers
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Personal checking accounts with multiple tiers |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels4 records
Union Bankshares, Inc. (mena, Ar) product offering
Product offeringCore offering
Union Bank is a community bank serving Vermont and New Hampshire since 1891. It provides personal banking (checking, savings, mortgages, personal loans), commercial banking (business checking, SBA loans, commercial real estate lending, cash management, merchant services), government/municipal banking, and wealth management (investment management, trusts, retirement and estate planning), delivered through physical branches across the two states complemented by online and mobile digital banking channels.
Product overview
Union Bank is a community bank serving Vermont and New Hampshire since 1891, offering a comprehensive suite of personal, commercial, and wealth management banking products. The bank operates a platform-plus-service model combining core deposit accounts (checking, savings, CDs, IRAs) with lending products (mortgages, personal loans, commercial financing, SBA loans) and digital banking services (online and mobile banking, mobile check deposit, Apple Pay). Commercial services include cash management, merchant services, remote deposit capture, and positive pay fraud protection. Wealth management encompasses investment management, personal trusts, retirement strategies, and estate services. The bank also serves government and municipal clients with specialized deposit and financing solutions.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking Accounts Tiered personal checking account offerings (UB Checking, UB 55 Checking, Basic Advantage Checking, Advantage Checking, Advantage Checking Plus) providing everyday banking for individuals, with options targeted to different age groups and feature levels.
- Personal Savings Accounts Personal savings vehicles including Statement Savings, Money Market Accounts, Certificates of Deposit (CDs), Individual Retirement Accounts (IRAs), Health Savings Accounts, and Specialty Savings for individuals.
- Mortgage Loans Home financing solutions including purchase mortgages, refinancing, construction and renovation loans, home equity loans, and land loans for personal borrowers.
- Personal Loans Unsecured and secured installment loans, lines of credit, and Visa personal credit cards for individual borrowers' personal financing needs.
- Business Checking Accounts Business checking, commercial checking, business checking with interest, and non-profit business checking accounts tailored for small businesses, larger commercial entities, and non-profit organizations.
- Commercial Savings Accounts Commercial statement savings, commercial money market, and commercial certificates of deposit for business deposit needs.
- SBA Loans Small Business Administration-backed loans supporting business expansion and growth for small businesses in Vermont and New Hampshire.
- Real Estate Loans Commercial real estate financing for property acquisition, development, and investment.
- Term Loans Fixed-rate loans for business capital needs with structured repayment schedules.
- Lines of Credit Revolving credit facilities for business working capital and flexibility.
- Visa Business Credit Card Credit card designed for business expenses with spending controls and rewards.
- Cash Management Treasury management services for businesses including automated payments, collections, and account reconciliation.
- Merchant Services Payment processing solutions enabling businesses to accept card transactions.
- Online Banking Service Web-based platform providing account management, transactions, bill payment, personal financial management tools, and account aggregation (UBP2PHub), with Quicken and QuickBooks integration.
- Mobile Banking App Full-service mobile banking application supporting account management, mobile check deposit, Apple Pay integration, card controls, and secure mobile transactions.
- Telebanking Phone-based banking service providing account access via automated and live agent support.
- Government Banking Specialized banking services for municipal and government entities including municipal deposit accounts and municipal financing.
- Investment Management Professional portfolio management and advisory services for wealth preservation and growth.
- Personal Trusts Trust administration services including revocable and irrevocable trust management for individuals and families.
- Retirement Strategies Planning services for retirement income and distribution strategies.
- Estate Services Estate planning and administration services including wills and probate support.
Quantifiable outcome
- FDIC CRA Outstanding Rating - demonstrating commitment to community lending and investment
- +3 more outcomes
Companies that use Union Bankshares, Inc. (mena, Ar)
Customer profileSegments4 records
Ideal customer profiles4 records
Union Bankshares, Inc. (mena, Ar) technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature5 records
Union Bankshares, Inc. (mena, Ar) partnerships and signals
Strategic signalScale indicators3 records
Recent moves4 records
Expansion highlights4 records
Union Bankshares, Inc. (mena, Ar) competitors and assessment
Company assessmentDirect peers
- Passumpsic Savings Bank: Vermont-headquartered community savings bank serving similar rural New England communities with deposit and lending products — a direct geographic and product peer.
- Ledyard National Bank: New Hampshire-based community bank with personal, commercial, and wealth management services — directly comparable in scale and geographic focus to Union Bank.
- Mascoma Savings Bank: Community savings bank operating across the same Vermont and New Hampshire geography with personal, commercial, and wealth services — directly comparable footprint and product mix to Union Bank.
- Northfield Savings Bank: Vermont community bank offering personal, commercial, and mortgage banking across the state — closely comparable in scope, geography, and customer segments to Union Bank.
- Savings Bank of Walpole: New Hampshire community savings bank offering personal and commercial banking to small-town New England customers — comparable scale, customer base, and relationship-driven model.
Broad incumbents
- Camden National Bank: Maine-based community bank holding company operating throughout northern New England — comparable in product breadth and community bank positioning, though larger and geographically broader.
- Bar Harbor Bank & Trust: Larger northern New England community bank holding company with branches across Maine, New Hampshire, and Vermont — comparable regional community banking model but with materially greater scale and footprint.
- Tompkins Community Bank: Northeast community bank operating across New York and surrounding states with personal, commercial, and wealth services — comparable community banking orientation though outside VT/NH.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Union Bankshares, Inc. (mena, Ar) social profiles
Digital presenceUnion Bankshares, Inc. (mena, Ar) compliance and trust
Trust signalCompliance3 records
Union Bankshares, Inc. (mena, Ar) financial estimates
Financial estimateRevenue estimate
Valuation estimate
Union Bankshares, Inc. (mena, Ar) leadership team
Management profileNumber of profiles
Union Bankshares, Inc. (mena, Ar) funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Union Bankshares, Inc. (mena, Ar) M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Union Bankshares, Inc. (mena, Ar)
What does Union Bankshares, Inc. (mena, Ar) do?
Union Bank is a community bank serving Vermont and New Hampshire since 1891. It provides personal banking (checking, savings, mortgages, personal loans), commercial banking (business checking, SBA loans, commercial real estate lending, cash management, merchant services), government/municipal banking, and wealth management (investment management, trusts, retirement and estate planning), delivered through physical branches across the two states complemented by online and mobile digital banking channels.
Is Union Bankshares, Inc. (mena, Ar) a public or private company?
Union Bankshares, Inc. (mena, Ar) is a public company. It is classified as public and is currently operating.
When was Union Bankshares, Inc. (mena, Ar) founded?
Union Bankshares, Inc. (mena, Ar) was founded in 1891. It employs 101 to 250 people.
Where is Union Bankshares, Inc. (mena, Ar) based?
Union Bankshares, Inc. (mena, Ar) is headquartered in Morrisville, United States, in the North America region.
How does Union Bankshares, Inc. (mena, Ar) make money?
Three revenue lines are on record. Interest Income is the primary driver. The others are deposit and Service Fees and wealth Management Services.
Who are Union Bankshares, Inc. (mena, Ar)'s main competitors?
Direct peers on record are Passumpsic Savings Bank, Ledyard National Bank, Mascoma Savings Bank, Northfield Savings Bank and Savings Bank of Walpole. Broad incumbents are Camden National Bank, Bar Harbor Bank & Trust and Tompkins Community Bank.
Does Union Bankshares, Inc. (mena, Ar) have an API?
No public API is recorded for Union Bankshares, Inc. (mena, Ar).