Union Bank announces Silverman new CEO, other promotions

Kenneth D Gibbons, Chairman of Union Bankâ s Board of Directors, has announced the promotions that took place at the Bankâ s Annual Meeting held on May 16, 2012. David S Silverman, President of the Union Bank was promoted to Chief Executive Officer, the final step in a succession plan for leadership that began in 2010. Silverman was also promoted to Chief Executive Officer of Union Bankshares, Inc.
Silverman began employment with the Bank in 1986 and progressed through numerous departments and positions to his current Bank position of President. Silverman previously held positions as Senior Vice President (1994), Senior Commercial Lender (1999) and Senior Loan Officer (2008). He became President of Union Bankshares, Inc. in April 2011 and had previously been a Vice President of Union Bankshares since 2008.
Silverman is an active member of the community, currently serving as Treasurer of Copley Professional Services Group d/b/a Community Health Services of Lamoille Valley, a non-profit primary health care organization. Mr. Silverman is also currently serving on the Board of the Lamoille Economic Development Corporation (LEDC) and on the Executive Committee of Vermont Bankerâ s Association. He has also held the positions of Treasurer and Executive Committee Member of the Stowe Area Association, Member of the Morristown/Morrisville Development Review Board, Commissioner of the Town of Hardwick Electric Department, and has served on the Board of Directors of Lamoille County Mental Health. He also volunteered as an Umpire for Little League and Babe Ruth Baseball in Lamoille County.
Stephen H. Kendall was promoted to Senior Vice President, Retail Lending and will become a member of the senior management team. Kendall currently serves as the Senior Retail Officer. He has been with Union Bank since January 2002 and in the banking industry for more than two decades. A native Vermonter, Kendall is on the Board of the Lyric Theatre Company and resides in Shelburne.
In addition, five employees were promoted to the officer level. Barbara J. Churchill, Loan Servicing Manager; Jennifer Degree, Electronic Banking Manager; Jessica Eastman, Retail Loan Underwriter; and Lesley R. Russ, Loan Review and Internal Auditor were promoted to Assistant Treasurer. Paul Grogan was promoted to Facilities Officer.
Judy R. Smith, Branch Manager for the Bankâ s St. Albans office and Claire Hindes, Branch Manager for the Bankâ s main branch in Morrisville were promoted to Vice President.
Union Bank, a wholly-owned subsidiary of Union Bankshares, Inc. (UNB, traded on the NASDAQ Exchange), has been helping people buy homes and local businesses create jobs in area communities since 1891. Headquartered in Morrisville, VT, Union Bank is a full service bank offering deposit, loan, trust and commercial banking services throughout northern Vermont and northwestern New Hampshire. Union Bank has earned an outstanding reputation for residential lending programs and is an SBA Preferred Lender.
Proud to be one of the few community banks serving Vermont and New Hampshire, Union Bank maintains a strong commitment to traditional values. In particular, Union Bank is dedicated to providing genuine customer service and community support, donating tens of thousands of dollars to local nonprofits annually. These valuesâ combined with financial expertise, quality products and the latest technologyâ make Union Bank the premier choice for your banking services, both personal and commercial. Union Bank currently maintains 18 banking offices and 34 ATMs. Member FDIC. Equal Housing Lender.
Caption:David Silverman, President and Chief Executive Officer, Union Bank