Union Bankshares, Inc. has appointed Jeffery F. Weidley as President, effective May 4, 2026, with plans for him to succeed David S. Silverman as CEO in July 2026. Mr. Silverman will retire from executive management on July 3, 2026, after 39 years with the Bank, but will continue to serve on the Boards of both entities. Mr. Weidley, age 42, joins from MVB Bank where he was Executive Vice President-Chief Deposit Officer, and previously held senior leadership roles at Sandy Spring Bank. His compensation package includes an annual base salary of $500,000, a sign-on equity award of 3,000 restricted stock units, and a $25,000 relocation assistance payment. He will also be eligible for short-term and long-term incentive programs, a split dollar insurance policy of $700,000, and other executive benefits. Employment and Change in Control agreements include significant severance provisions under various termination scenarios.