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Union Bankshares Corporation (UBSH)

23.96 Down 0.09(0.37%) Sep 19, 4:00PM EDT
|After Hours : 23.99 Up 0.03 (0.13%) Sep 19, 4:49PM EDT
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Union Bankshares Corporation
1051 East Cary Street
Suite 1200
Richmond, VA 23219
United States - Map
Phone: 804-633-5031

Index Membership:N/A
Industry:Regional - Mid-Atlantic Banks
Full Time Employees:1,025

Business Summary 

Union Bankshares Corporation operates as the bank holding company for Union First Market Bank that provides banking and related financial services to consumers and businesses in the northern, central, Rappahannock, Shenandoah, Tidewater, and Northern Neck regions of Virginia. The company operates through two segments, Community Bank and Mortgage. It accepts various deposit products, such as checking, savings, NOW, and money market accounts, as well as certificates of deposit and other depository services. The company also offers loans for commercial, industrial, residential mortgage, and consumer purposes. In addition, it provides credit cards, automated teller machine services, Internet banking services, and online bill payment services, as well as private banking and trust services to individuals and corporations. Further, the company offers securities, brokerage, and investment advisory services; mortgage loan products principally in Virginia, Maryland, North Carolina, and South Carolina, as well as in the Mid-Atlantic and Southeast states, and in Washington, D.C.; and various insurance products, including long term care insurance and business owner policies. As of December 31, 2013, it operated 90 branches in Virginia. The company was formerly known as Union First Market Bankshares Corporation and changed its name to Union Bankshares Corporation in April 2014. Union Bankshares Corporation was founded in 1902 and is headquartered in Richmond, Virginia.

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Corporate Governance 
Union Bankshares Corporation’s ISS Governance QuickScore as of Sep 1, 2014 is 6. The pillar scores are Audit: 1; Board: 4; Shareholder Rights: 9; Compensation: 4.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. G. William Beale , 64
Chief Exec. Officer, Pres, Director, Chairman of Exec. Committee and Director of Union First Market Bank
Mr. Robert Michael Gorman , 56
Chief Financial Officer, Principal Accounting Officer and Exec. VP
Mr. D. Anthony Peay , 54
Chief Banking Officer, Exec. VP, Chief Banking Officer of Union First Market Bank and Exec. VP of Union First Market Bank
Ms. Elizabeth M. Bentley , 53
Exec. VP and Director of Retail Banking
Mr. John C. Neal , 64
Pres of Union First Market Bank
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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