Brief: Union Bankshares reports Q3 earnings $0.53/shr

Union Bankshares

18/10/2017 21:50

Oct 18 (Reuters) - Union Bankshares Inc  UNB.O  
    * Union Bankshares announces third quarter ended September 
30, 2017 earnings and quarterly dividend payment 
    * Q3 earnings per share $0.53 
    * Union Bankshares Inc qtrly net interest income increased 
$495 thousand, or 7.8% to $6.8 million 
    * Union Bankshares Inc - also on October 18, 2017, board of 
directors approved termination of company's noncontributory 
defined benefit pension plan 
    * Union Bankshares Inc - estimates that a cash contribution 
of approximately $1.1 million will be required to fully fund 
plan's liabilities at termination 
    * Union Bankshares Inc - expects to record a charge to 
earnings of $3.2 million at plan termination, which is expected 
to occur during Q4 of 2018 
 
Source text for Eikon:  ID:nGNXOFAGQa  
Further company coverage:  UNB.O  
 
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