The company serves as a the parent company of the Union Bank & Trust and three other non-banking financial services companies: Union Insurance Group, LLC, Union Investment Services, Inc. and Union Mortgage Group, Inc. Through these businesses, the company offers a wide range of financial services that are uniquely tailored to the needs of their clients. The company operates in two reporting segments: traditional full service community banking and mortgage loan origination. The bank operates more than 130 retail locations across the state of Virginia, Maryland, North Carolina, South Carolina, and the metropolitan area of Washington, D.C.
The bank offers savings and depository products, investments and trust services, retail and commercial banking services and a wide array of lending activities. The pooled deposits of the business continue to fund the company’s lending portfolio. Additionally,the bank has access to the Federal Home Loan Banks for quick and easy borrowings. As of December 2014, the loan portfolio of the company is estimated to be around $5.3 billion. Total deposits are approximately around $5.6 billion. Additionally, the company has investments amounting to more than $1.2 billion. The bank is a member of the Federal Deposit Insurance Corporation.
Despite the changing landscape in the financial industry, Union Bankshares Corporation remains on top of the game. The company maintains its leadership in the markets it serves by providing excellence in customer service and at the same time invests in the latest technology to offer ease in banking. The company is listed as one of the components of the Wilshire 5000 Index.