Union Bankshares Inc. announced that its President and CEO, David S. Silverman, plans to retire in 2026. Silverman, who has been with the company for 39 years and has held the roles of President and CEO since 2012, will continue in his current position until a successor is appointed and a transition is completed. The board has initiated a search for his successor, considering both internal and external candidates. Silverman is expected to remain on the Boards of Directors of the company and its subsidiary, Union Bank, after the transition.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.