Union Bankshares launches at-the-market offering of up to $40 million of common stock

Filed May 20, 2025 · ~1 min read

Key Changes

• high

  Union Bankshares is offering up to $40 million of common stock in an at-the-market offering through Piper Sandler, with sales at prevailing market prices over time.

  The Offering verify on EDGAR →
• medium

  Net proceeds will be used for general corporate purposes, including capital contributions to subsidiary Union Bank to support lending and growth, debt repayment, and potential acquisitions.

  Use of Proceeds verify on EDGAR →
• medium

  As a bank holding company, dividend payments are subject to Federal Reserve Board guidelines and the financial condition of Union Bank; dividends are not guaranteed.

  Risk Factors verify on EDGAR →