<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>uni-8k2.txt
<DESCRIPTION>BODY OF FORM 8-K
<TEXT>
                     SECURITIES AND EXCHANGE COMMISSION

                           Washington, D.C. 20549

                                  FORM 8-K

                               CURRENT REPORT

   Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 27, 2003

           (Exact name of registrant as specified in its charter)

                           UNION BANKSHARES, INC.

(State or other jurisdiction     (Commission            (IRS Employer
     of incorporation)           File Number)       Identification Number)
          Vermont                 000-28449               03-0283552

(Address of principal executive offices)
20 Main St., P.O. Box 667                  (Zip Code)
Morrisville, VT                            05661-0667

Registrant's telephone number, including area code:  (802) 888-6600

        (Former name or former address, if changed since last report)

                               Not applicable


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Item 5:  Other Events

      1)    On January 27th we mailed our internal, unaudited Fourth
            Quarter 2002 Report to our shareholders, the Federal Reserve
            Bank of Boston and various brokerage houses.

             CAUTIONARY ADVICE ABOUT FORWARD LOOKING STATEMENTS

The Company may from time to time make written or oral statements that are
considered "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995.  Forward-looking statements may
include financial projections, statements of plans and objectives for
future operations, estimates of future economic performance and assumptions
relating thereto.  The Company may include forward-looking statements in
its filings with the Securities and Exchange Commission, in its reports to
stockholders, in other written materials, and in statements made by senior
management to analysts, rating agencies, institutional investors,
representatives of the media and others.

By their very nature, forward-looking statements are subject to
uncertainties, both general and specific, and risk exists those
predictions, forecasts, projections and other estimates contained in
forward-looking statements will not be achieved.  Also when we use any of
the words "believes," "expects," "anticipates" or similar expressions, we
are making forward-looking statements.  Many possible events or factors,
including those beyond the control of management, could affect the future
financial results and performance of our company.  This could cause results
or performance to differ materially from those expressed in our forward-
looking statements.  The possible events or factors that might affect our
forward-looking statements include, but are not limited to, the following:

*     Uses of monetary, fiscal and tax policy by various governments
*     Political, legislative or regulatory developments in Vermont, New
      Hampshire or the United States including changes in laws concerning
      accounting, taxes, banking and other aspects of the financial
      services industry
*     Developments in general economic or business conditions, including
      interest rate fluctuations, market fluctuations and perceptions, and
      inflation
*     Changes in the competitive environment for financial services
      organizations
*     The company's ability to retain key personnel
*     Technological changes including demands for greater automation and
      the impact of the internet on the company's business and on the
      financial services marketplace
*     Acts of terrorism
*     Adverse changes in the securities market
*     Unanticipated lower revenues, loss of customers or business or higher
      operating expenses

While relying on forward-looking statements to make decisions with respect
to the Company, investors and others are cautioned to consider these and
other risks and uncertainties.

Item 7:  Financial Statements and Exhibits

      (c)  Exhibits.  The following exhibits are filed herewith as part of
                      this report:

            99.1  Union Bankshares, Inc., Fourth Quarter 2002 Report dated
                  as of January 28, 2003.


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                                 SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.



                                              Union Bankshares, Inc.


January 28, 2003
                                     ------------------------------------
                                     Kenneth D. Gibbons, President

January 28, 2003
                                     ------------------------------------
                                     Marsha A. Mongeon, Chief Financial Officer

-------------------------------------------------------------------------------
                                EXHIBIT INDEX

99.1  Union Bankshares, Inc., Fourth Quarter 2002 Report dated January 28,
      2003.


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