Union Bankshares Inc., along with its subsidiary Union Bank, has entered into an Equity Distribution Agreement with Piper Sandler & Co. as the sales agent. Under this agreement, the company is set to offer shares of its common stock, valued up to $40 million, through at-the-market offerings and potentially other methods. The proceeds from this offering are intended for general corporate purposes, including capital contributions to Union Bank, supporting lending and investing activities, repaying debt, and funding potential acquisitions and strategic initiatives. The shares will be issued under the company's shelf registration statement filed with the SEC.
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