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About
Union Bankshares Corp. operates as a bank holding company. It offers financial services through its subsidiaries: Union First Market Bank, StellarOne Bank, Union Mortgage Group, Inc., Union Investment Services, Inc., and Union Insurance Group LLC. It operates through Community Bank and Mortgage Loan segments. The Community Bank segment provides loan, deposit, investment, and trust services to retail and commercial customers. The Mortgage Loan segment provides a variety of mortgage loan products principally in Virginia, North Carolina, South Carolina, Maryland and the Washington D.C. metro area. The company was founded in July 1993 and is headquartered in Richmond, VA. | |||
Description
Union Bankshares Corporation operates as the bank holding company for Union Bank & Trust that provides banking and related financial services to consumers and businesses. The company operates in two segments, Community Bank and Mortgage. It accepts various deposit products, including checking, savings, NOW, time deposit, 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 (ATM) services, mobile and Internet banking services, and online bill payment services, as well as asset management, private banking, and trust services to individuals and corporations. Further, the company offers securities, brokerage, and investment advisory services; and originates and sells mortgage loan products in the secondary market principally in Virginia, North Carolina, South Carolina, Maryland, and the Washington D.C. metro area. As of December 31, 2016, it operated 114 branches and approximately 185 ATMs 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. |