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): July 29, 2003
(Exact name of registrant as specified in its charter)
UNION BANKSHARES, INC.
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
Vermont 000-28449 03-0283552
(Address of principal executive offices)
20 Main St., P.O. Box 667 (Zip Code)
Morrisville, VT 05661-0667
Registrant's telephone number, including area code: (802) 888-6600
(Former name or former address, if changed since last report)
Not applicable
Item 7: Financial Statements and Exhibits
c) Exhibits:
99.1 Union Bankshares, Inc. Second Quarter Report to
shareholders mailed July 29, 2003
Item 9: Regulation FD Disclosure
The following information is furnished pursuant to this Item 9 in
satisfaction of Item 12, "Disclosure of Results of Operations and Financial
Condition" in accordance with Filing Guidance issued by the Commission on
March 27, 2003 (release No. 34-47583).
a) On July 29, 2003, Union Bankshares, Inc. mailed its Second
Quarter unaudited report to shareholders, a copy of which is
furnished with this Form 8-K as Exhibit 99.1, presenting
information concerning our results of operations and financial
condition for our second quarter ended, June 30, 2003, year to
date results, and the declaration of a dividend.
CAUTIONARY ADVICE ABOUT FORWARD LOOKING STATEMENTS
The Company may from time to time make written or oral statements that are
considered "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements may
include financial projections, statements of plans and objectives for
future operations, estimates of future economic performance and assumptions
relating thereto. The Company may include forward-looking statements in its
filings with the Securities and Exchange Commission, in its reports to
stockholders, in other written materials, and in statements made by senior
management to analysts, rating agencies, institutional investors,
representatives of the media and others.
Forward-looking statements reflect management's current expectations and
are subject to uncertainties, both general and specific, and risk exists
those predictions, forecasts, projections and other estimates contained in
forward-looking statements will not be achieved. Also when we use any of
the words "believes," "expects," "anticipates," "intends," "plans,"
"seeks," "estimates" or similar expressions, we are making forward-looking
statements. Many possible events or factors, including those beyond the
control of management, could affect the future financial results and
performance of our Company. This could cause results or performance to
differ materially from those expressed in our forward-looking statements.
The possible events or factors that might affect our forward-looking
statements include, but are not limited to, the following:
* uses of monetary, fiscal and tax policy by various governments
* political, legislative or regulatory developments in Vermont, New
Hampshire or the United States including changes in laws
concerning accounting, taxes, banking and other aspects of the
financial services industry
* developments in general economic or business conditions, including
interest rate fluctuations, market fluctuations and perceptions,
and inflation and their effect on the Company or its customers
* changes in the competitive environment for financial services
organizations
* the Company's ability to retain key personnel
* changes in technology including demands for greater automation
* acts of terrorism or war
* adverse changes in the securities market
* unanticipated lower revenues, loss of customers or business or
higher operating expenses
* the failure of assumptions underlying the establishment of
reserves for loan losses and estimations of values of collateral
and various financial assets and liabilities
* the amount that we invest in new business opportunities and the
timing of these investments
While evaluating forward-looking statements to make decisions with respect
to the Company, investors and others are cautioned to consider these and
other risks and uncertainties and are reminded not to place undue
reliance on such statements. Forward-looking statements speak only as of
the date they are made and the Company undertakes no obligations to update
them to reflect new or changed information or events, except as may be
required by federal securities laws.
(a) Exhibits. The following exhibits are furnished herewith as part of
this report:
99.1 Union Bankshares, Inc., Second Quarter Report to shareholders
mailed July 29, 2003.
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.
July 30, 2003 /s/ Kenneth D. Gibbons
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Kenneth D. Gibbons, President
July 30, 2003 /s/ Marsha A. Mongeon
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Marsha A. Mongeon, Chief Financial
Officer
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EXHIBIT INDEX
99.1 Union Bankshares, Inc., Second Quarter Report to shareholders
mailed July 29, 2003.