UNION BANKSHARES CORPORATION (NASDAQ:UBSH) Files An 8-K Other Events
Item 8.01 Other Events.

On October 23, 2017, Union Bank & Trust (the “Bank”), the wholly-owned banking subsidiary of Union Bankshares Corporation (the “Company”), announced that Executive Vice President and Chief Retail Officer Elizabeth M. Bentley has decided to leave the Bank effective December 31, 2017. John Stallings, President of the Bank, will lead a national search for Ms. Bentley’s replacement.

In connection with Ms. Bentley’s coming departure, the Company and the Bank entered into a Severance Agreement and Release of Claims, dated October 24, 2017, with Ms. Bentley, outlining the terms of her severance compensation and release of claims that will apply following her departure (the “Severance Agreement”). The Severance Agreement is filed as Exhibit 10.32 hereto and incorporated herein by reference.

A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

Union Bankshares Corp Exhibit
EX-10.32 2 exhibit1032bentleyagreement.htm EXHIBIT 10.32 Exhibit Exhibit 10.32SEVERANCE AGREEMENT AND RELEASE OF CLAIMS This Severance Agreement and Release of Claims (“Agreement”) is made by and between Elizabeth M. Bentley (“Employee”),…
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About UNION BANKSHARES CORPORATION (NASDAQ:UBSH)

Union Bankshares Corporation, formerly Union First Market Bankshares Corporation, is a financial holding company and a bank holding company. The Company offers financial services through its community bank subsidiary, Union Bank & Trust and three non-bank financial services affiliates. The Company’s non-bank financial services affiliates are Union Mortgage Group, Inc. (UMG), Union Investment Services, Inc. and Union Insurance Group, LLC. The Company operates through two segments: its traditional full service community banking business and its mortgage banking business. The community bank segment includes one subsidiary bank, which provides loan, deposit, investment and trust services to retail and commercial customers throughout its over 131 retail locations in Virginia. The mortgage segment includes UMG, which provides a range of mortgage loan products in Virginia, North Carolina, South Carolina, Maryland, and the Washington D.C. metro area.