Highlands Union Bank Explained

Highlands Union Bank
Type:Bank
Industry:Financial services
Founder:600 investors
Fate:Merged
Successor:First Community Bank
Hq Location City:Abingdon, Virginia
Hq Location Country:United States
Locations:15 branches at its peak
Area Served:Tennessee, Virginia, and North Carolina
Products:Banking services

Highlands Union Bank was an American financial institution based in Abingdon, Virginia. It was founded in 1985. In 2019 First Community Bank and Highlands Union Bank were merged.[1] As a result all existing Highlands Union Bank locations were renamed to First Community Bank.[2]

The first HUB office was started by 600 investors in an attempt to form a local bank for their community. Highlands Union Banks assets grew to $9.2 million in their first year in business. Immediately prior to the First Community Bank merger, the bank boasted 15 locations in the Tennessee, Virginia, and North Carolina Tri-state area.[3]

Notes and References

  1. Web site: Highlands Union Bank to merge with First Community Bank.
  2. Web site: First Community Bankshares, Inc. Completes Acquisition of Highlands Bankshares, Inc. | Markets Insider . 2021-04-11 . 2021-04-11 . https://web.archive.org/web/20210411071632/https://markets.businessinsider.com/news/stocks/first-community-bankshares-inc-completes-acquisition-of-highlands-bankshares-inc-1028790128 . dead .
  3. Web site: In 1985 Highlands Union Bank entered community banking. . Highlands Union Bank . 10 June 2013 . https://web.archive.org/web/20120117052341/http://www.hubank.com/AboutOurBank.html . 17 January 2012 . dead . dmy-all .