SECURITIES AND EXCHANGE COMMISSION

SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549


FORM 8-K


CURRENT REPORT


Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): October 20, 2010


(Exact name of registrant as specified in its charter)


UNION BANKSHARES, INC.


(State or other jurisdiction
of incorporation)
Vermont

(Commission
File Number)
001-15985

(IRS Employer
Identification Number)
03-0283552


(Address of principal executive offices)
20 Main St., P.O. Box 667
Morrisville, VT


(Zip Code)
05661-0667


Registrant’s telephone number, including area code: (802) 888-6600


(Former name or former address, if changed since last report)

Not applicable


Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


[  ]

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

[  ]

Soliciting materials pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

[  ]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))

 

 

[  ]

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))



Item 2.02.  Results of Operations and Financial Condition


As provided in General Instruction B.2 to Form 8-K, the information furnished in this Item 2.02 and in Exhibit 99.1 hereto shall not be deemed filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing with the Securities and Exchange Commission, except as shall be expressly provided by specific reference in such filing.


On October 20, 2010, Union Bankshares, Inc. issued a press release, a copy of which is furnished with this Form 8-K as Exhibit 99.1, announcing net income and net income per share for the third quarter ended September 30, 2010, as well as the declaration of a regular quarterly cash dividend.


Item 8.01.  Other Events


a) On October 20, 2010 the Board of Directors of Union Bankshares, Inc. declared a quarterly cash dividend of $0.25 per share. The dividend is payable on November 10, 2010 to shareholders of record on October 30, 2010. The quarterly cash dividend for the previous quarter was also $0.25 per share.


b) Long-time Union Bankshares, Inc. director, Franklin G. Hovey II unexpectedly passed away in September 2010. Franklin was also Union Bankshares’ Secretary. The Board of Directors’ have appointed Director John H. Steel to become the new Secretary.


Item 9.01.  Financial Statements and Exhibits


(d) Exhibits


The following Exhibit, referred to in Item 2.02 of the Report is furnished, not filed; herewith:


Exhibit 99.1 Union Bankshares, Inc. Press Release dated October 20, 2010, announcing a regular quarterly dividend and third quarter ended September 30, 2010 net income and net income per share.


SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 

Union Bankshares, Inc.

 

 

October 21, 2010

/s/ Kenneth D. Gibbons

 

Kenneth D. Gibbons
President/Chief Executive Officer

 

 

October 21, 2010

/s/ Marsha A. Mongeon

 

Marsha A. Mongeon
Treasurer/Chief Financial Officer


EXHIBIT INDEX


Exhibit 99.1 Union Bankshares, Inc. Press Release dated October 20, 2010, announcing a regular quarterly dividend and third quarter ended September 30, 2010 net income and net income per share.