Exhibit 99.1

			November 8, 2018
			We are pleased to provide you with a summary of your company’s financial performance for the period ended September 30, 2018. Net income was $2.3 million for the quarter ended September 2018 compared to $2.4 million for the quarter ended September 30, 2017, a decrease of $59 thousand, or 2.5%.These results reflected an increase in the Company’s net interest income of $199 thousand, or 2.9%, and a decrease in the provision for income taxes of $402 thousand, or 47.0%. These positive changes were partially offset by a decrease in noninterest income of $54 thousand, or 2.2%, and an increase in noninterest expenses of $606 thousand, or 10.2%. Year-to-date earnings for 2018 were $7.5million, or $1.68 per share, compared to $6.5 million, or $1.46 per share, for the same period in 2017, an increase of 15.0% year over year. Net interest income improved $1.4 million, or 7.4%, and the provision for income taxes decreased $927 thousand, or 39.6%. These positive changes were partially offset by an increase in noninterest expenses of $1.2 million, or 7.0%, and an increase in the provision for loan losses of $150 thousand. Total assets increased $74.3 million, or 10.5% to reach $779.7 million as of September 30, 2018 from $705.3 million as of September 30, 2017. Total loans increased $59.3 million, or 10.1% to $644.6 million as of September 30, 2018 compared to $585.3 million as of September 30, 2017. Total deposits reached $667.7 million as of September 30, 2018 compared to $606.6 million a year ago, or growth of 61.1 million, or 10.1%. Borrowed funds were $42.0 million as of September 30, 2018, an increase of $9.5 million compared to September 30, 2017. The Company had total capital of $60.8 million with a book value per share of $13.61 as of September 30, 2018 compared to $59.6 million and $13.36 per share as of September 30, 2017.		We have previously informed you of our plan to terminate the bank’s Defined Benefit Pension Plan in 2018. In preparation for the termination Plan participants have been notified, offered financial counseling, and solicited for their instructions on how they wish to have their funds distributed. Actuarial calculations have been finalized, pension plan assets converted to cash, and annuity providers selected. By the time you read this letter, the pension plans assets will have been distributed to our annuity provider in the case of participants on payout, and distributed to the investment vehicle chosen by participants not on payout. There are non-recurring impacts on our financial statements related to the pension termination. First, we made an $850 thousand cash contributions to the plan during 2018. Second, during 2018 we will have recorded a total of $3.7 million in net pension termination related expenses. Finally, we will see an increase in total capital on our balance sheet as the component of accumulated other comprehensive loss related to the pension plan will be removed. With the pension completely terminated, there will be no cash contributions to the plan, no related pension expenses, and no further liabilities associated with the Defined Benefit Pension plan going forward. On October 17, 2018, the Board of Directors declared a regular quarterly cash dividend of $0.30 per share payable November 8, 2018 to shareholders of record as of October 29, 2018. Please find your dividend check or advice of remittance enclosed. Please contact Kristy Adams Alfieri at 802-888-0982 to receive your dividend using direct deposit. Sincerely,
	If you need assistance with a change in registration of certificates, combining your certificates into one, reporting lost certificates, non-receipt or loss of dividend checks, assistance regarding direct deposit of dividends, information about the Company, or to receive copies of financial reports, please contact Kristy Adams Alfieri, Assistant Secretary at 802.888.0982 or contact our Transfer Agent at the address and phone number listed below:
	TRANSFER AGENT:
	Broadridge Corporate Issuer Solutions, Inc. P.O. Box 1342 Brentwood, NY 11717 866.321.8022 or 720.378.5956 E-mail: shareholder@broadridge.com
	NASDAQ STOCK MARKET
	Ticker Symbol: UNB Corporate Name: Union Bankshares, Inc. Corporate Address: 20 Lower Main Street P.O. Box 667 Morrisville, VT 05661-0667 Investor Relations: UBLOCAL.COM
					Kenneth D. Gibbons Chairman	David S. Silverman President & Chief Executive Officer
			AboutUnion Bankshares
			Union Bankshares, Inc. operates as the holding company for Union Bank, which provides commercial, retail and municipal banking services and asset management services throughout northern Vermont and New Hampshire. Union Bank was founded in 1891 in Morrisville, Vermont, where the Bank’s and its holding company’s headquarters are located. Union Bank operates 18 banking offices, two loan centers and several ATMs throughout its geographical footprint. Union Bank has been helping people buy homes and local businesses create jobs in area communities since opening its doors over 127 years ago. Union Bank has earned an exceptional reputation for residential lending programs and has been recognized by the US Department of Agriculture, Rural Development for the positive impact made in lives of first time home buyers. Union Bank is consistently one of the top Vermont Housing Finance Agency mortgage originators. Additionally, Union Bank has also been designated as an SBA Preferred lender for its participation in small business lending.

	Consolidated Balance Sheets (unaudited, in thousands)									Consolidated Statements of Income (unaudited, in thousands)												Union Bankshares, Inc.
																						DIRECTORS		OFFICERS
																						Kenneth D. Gibbons-Chairman		Kenneth D. Gibbons - Chairman
	ASSETS	SEPT 30, 2018				SEPT 30, 2017				SEPT 30, 2018			SEPT 30, 2017			SEPT 30, 2018			SEPT 30, 2017			Neil J. Van Dyke-Vice Chairman		David S. Silverman - President & CEO
																						Steven J. Bourgeois		Karyn J. Hale - Chief Financial Officer
											(3 months ended)						(9 months ended)
																						Dawn D. Bugbee		John H. Steel - Secretary
	Cash and Due from Banks		$	4,063			$	3,512		Interest Income	$	8,095		$	7,397		$	23,609		$	21,337
																						John M. Goodrich		Kristy Adams Alfieri - Assistant Secretary
																						Nancy C. Putnam		Jeffrey G. Coslett - Vice President
	Federal Funds Sold & Overnight Deposits		9,837				8,885			Interest Expense	1,086			587			2,464			1,640		Timothy W. Sargent
										Net Interest Income	7,009			6,810			21,145			19,697		David S. Silverman		REGIONAL ADVISORY BOARD MEMBERS
	Interest Bearing Deposits in Banks		9,747				8,356															John H. Steel
										Provision for Loan Losses	150			150			300			150		Schuyler W. Sweet
	Investment Securities		72,133				64,970			Net Interest Income After Provision for Loan Losses	6,859			6,660			20,845			19,547				Michael R. Barrett - St. Johnsbury
	Loans Held for Sale		7,457				5,675																	Joel S. Bourassa - Northern NH
										Trust Income	195			179			579			548		DIRECTORS		Steven J. Bourgeois - St. Albans
	Loans, net		637,130				579,651			Noninterest Income	2,257			2,327			6,496			6,524		Kenneth D. Gibbons-Chairman		Stanley T. Fillion - Northern NH
																						Neil J. Van Dyke-Vice Chairman		Rosemary H. Gingue - St. Johnsbury
	Reserve for Loan Losses		(5,610		)		(5,259		)	Noninterest Expenses:												Joel S. Bourassa		John M. Goodrich - St. Johnsbury
										Salaries & Wages	2,745			2,570			8,008			7,642		Steven J. Bourgeois		Richard L. Isabelle - St. Johnsbury
	Premises and Equipment, net		15,747				13,244															Dawn D. Bugbee		Christopher M. Knapp - Northern NH
										Pension & Employee Benefits	1,144			954			3,299			2,784		John M. Goodrich		Coleen K. Kohaut - St. Albans
	Accrued Interest & Other Assets		29,154				26,312															Nancy C. Putnam		Justin P. Lavely - St. Johnsbury
										Occupancy Expense, net	338			320			1,069			1,073		Timothy W. Sargent		Daniel J. Luneau - St. Albans
	Total Assets		$	779,658			$	705,346														David S. Silverman		Mary K. Parent - St. Johnsbury
										Equipment Expense	528			532			1,574			1,589		John H. Steel		Samuel H. Ruggiano - St. Albans
																						Schuyler W. Sweet		David S. Silverman - All
										Other Expenses	1,792			1,565			5,050			4,665				Schuyler W. Sweet - Northern NH
	Total	6,547			5,941			19,000			17,753		Union Bank Offices (ATMs at all Branch Locations)
	LIABILITIES & SHAREHOLDERS' EQUITY	SEPT 30, 2018				SEPT 30, 2017
										Income Before Taxes	2,764						3,225			8,920			8,866
										Income Tax Expense	453			855			1,412			2,339		VERMONT
	Noninterest Bearing Deposits		$	126,596			$	119,203
										Net income	$	2,311		$	2,370		$	7,508		$	6,527	Berlin	1028 US Route 302		802.476.0061
	Interest Bearing Deposits		407,965				387,707															Danville	421 Route 2 East		802.684.2211
										Earnings per share	$	0.52		$	0.53		$	1.68		$	1.46	Fairfax	Jct. Routes 104 & 128		802.849.2600
	Time Deposits		133,162				99,714															Hardwick	103 VT Route 15 West		802.472.8100
										Book Value Per Share							$	13.61		$	13.36	Jeffersonville	5062 VT Route 15		802.644.6600
	Borrowed Funds		41,990				32,520															Johnson	198 Lower Main Street		802.635.6600
																						Lyndonville	183 Depot Street		802.626.3100
	Accrued Interest & Other Liabilities		9,168				6,595															Morrisville	20 Lower Main Street		802.888.6600
																							65 Northgate Plaza		802.888.6860
	Common Stock		9,882				9,876															Newport	Loan Center
																							325 East Main Street		802.334.0750
	Additional Paid-in Capital		897				753															St. Albans	15 Mapleville Depot		802.524.9000
	Retained Earnings																					St. Johnsbury	364 Railroad Street		802.748.3131
			60,686				55,731																325 Portland Street		802.748.3121
	Accumulated Other Comprehensive Loss		(6,612		)		(2,692		)													S. Burlington	Loan Center
																							30 Kimball Avenue		802.865.1000
																						Stowe	47 Park Street		802.253.6600
	Treasury Stock at Cost		(4,076		)		(4,061		)													NEW HAMPSHIRE
																						Groveton	3 State Street		603.636.1611
	Total Liabilities & Shareholders' Equity		$	779,658			$	705,346														Littleton	263 Dells Road		603.444.7136
	Standby letters of credit were $2,125,000 and $2,158,000 at September 30, 2018 and 2017, respectively.																						76 Main Street		603.444.5321
																						Lincoln	135 Main Street		603.745.4000
																						N. Woodstock	155 Main Street		603.745.2488