<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>uni-8k3.txt
<DESCRIPTION>FORM 8-K FOR FEBRUARY 18, 2003
<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): February 18, 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 February 18th we publicly announced the planned merger of
            our two subsidiary banks, Union Bank and Citizens Savings Bank
            and Trust Company (Citizens) under the name and banking charter
            of Union Bank as well as the resignation of Jerry Rowe,
            President and CEO of Citizens and Vice President and Director
            of Union Bankshares.  A copy of our press release is filed as
            Exhibit 99.1 to this report.

Item 9:  Regulation FD Disclosure

      1)    On February 18th we mailed a letter to our stockholders
            announcing the planned merger of our two subsidiary banks,
            Union Bank and Citizens as well as the resignation of Jerry
            Rowe, President and CEO of Citizens and Vice President and
            Director of Union Bankshares.  A copy of our letter to
            shareholders is furnished as Exhibit 99.2 to this report.

             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
*     Changes in technology including demands for greater automation
*     Acts of terrorism or war
*     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.

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

      99.1  Union Bankshares, Inc., Press Release dated February 18, 2003.
      99.2  Union Bankshares, Inc., Letter to Shareholders dated February
            18, 2003.


<PAGE>


                                 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.


February 18, 2003                      /s/ Kenneth D. Gibbons
                                       ______________________________
                                       Kenneth D. Gibbons, President

February 18, 2003                      /s/ Marsha Mongeon
                                       ______________________________
                                       Marsha A. Mongeon, Chief Financial
                                       Officer

                              EXHIBIT INDEX

99.1  Union Bankshares, Inc., Press Release dated February 18, 2003.

99.2  Union Bankshares, Inc., Letter to Shareholders dated February 18,
      2003.


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</TEXT>
</DOCUMENT>
