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<SEC-DOCUMENT>0000910647-05-000310.txt : 20051118
<SEC-HEADER>0000910647-05-000310.hdr.sgml : 20051118
<ACCEPTANCE-DATETIME>20051118145058
ACCESSION NUMBER:		0000910647-05-000310
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20051118
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20051118
DATE AS OF CHANGE:		20051118

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNION BANKSHARES INC
		CENTRAL INDEX KEY:			0000706863
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				030283552
		STATE OF INCORPORATION:			VT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15985
		FILM NUMBER:		051215039

	BUSINESS ADDRESS:	
		STREET 1:		20 MAIN STREET
		STREET 2:		P O BOX 667
		CITY:			MORRISVILLE
		STATE:			VT
		ZIP:			05661-0667
		BUSINESS PHONE:		8028886600

	MAIL ADDRESS:	
		STREET 1:		20 MAIN STREET
		STREET 2:		P O BOX 667
		CITY:			MORRISVILLE
		STATE:			VT
		ZIP:			05661-0667
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>uni-8k10.txt
<DESCRIPTION>FORM 8-K DATED NOVEMBER 18, 2005
<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): November 18, 2005

           (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                  001-15985             03-0283552

       (Address of principal executive offices)
           20 Lower 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

Check the appropriate box below if the Form 8-K is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:

[ ]   Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

[ ]   Soliciting materials pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

[ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))


<PAGE>


Item 8.01:  Other Events

On November 18, 2005, we announced the implementation of a Stock Repurchase
Program of up to $2.15 million of its common stock.  Repurchases under the
program may be made in the open market or in privately negotiated
transactions, as management may deem conditions warrant, and may not exceed
100,000 shares, in the aggregate, or approximately 2.2% of Union
Bankshares' outstanding shares.

Item 9.01:  Financial Statements and Exhibits

      (c)   Exhibits.  The following Exhibit is filed as part of this
            report on Form 8-K:

            99.1  Press Release dated November 18, 2005


                                 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.



November 18, 2005                      /s/ Kenneth D. Gibbons
                                       ______________________________
                                       Kenneth D. Gibbons,
                                       President/Chief Executive Officer


November 18, 2005                      /s/ Marsha A. Mongeon
                                       ______________________________
                                       Marsha A. Mongeon
                                       Treasurer/Chief Financial Officer


- ---------------------------------------------------------------------------


                               EXHIBIT INDEX

99.1   Union Bankshares, Inc. Press Release dated November 18, 2005,
       announcing a Stock Repurchase Program.


<PAGE>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>uni10-99.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                              Exihibit 99.1

                            FOR IMMEDIATE RELEASE

             Union Bankshares announces Stock Repurchase Program

Morrisville, VT  November 18, 2005 - Union Bankshares, Inc. (AMEX - UNB),
headquartered in Morrisville, Vermont, today announced a stock repurchase
program.  The Board of Directors has authorized the repurchase of up to
$2,150,000 in common stock.  Total repurchases under the plan may not
exceed 100,000 shares, or approximately 2.2% of the Company's outstanding
shares.  Shares may be repurchased from time to time at management's
discretion, in the open market or in privately negotiated transactions as
conditions warrant.  The repurchase program is open for an unspecified
period of time.

As of November 18 there were 4,557,663 shares of the Company's common stock
outstanding.

For more information, please contact JoAnn Tallman or Ken Gibbons at Union
Bankshares, Inc. at 802-888-6600.

Union, with headquarters in Morrisville, Vermont is the bank holding
company parent of Union Bank, which offers deposit, loan, trust and
commercial banking services throughout northern Vermont.  As of September
30, 2005, the Company had approximately $377 million in consolidated assets
and operated 12 banking offices, 30 ATM facilities in Vermont and loan
origination offices in St. Albans, Vermont and Littleton, New Hampshire.

Statements made in this press release that are not historical facts are
forward-looking statements.  Investors are cautioned that all forward-
looking statements necessarily involve risks and uncertainties, and many
factors could cause actual results and events to differ materially from
those contemplated in the forward-looking statements.  When we use any of
the words "believes," "expects," "anticipates" or similar expressions, we
are making forward-looking statements.  The following factors, among
others, could cause actual results and events to differ from those
contemplated in the forward-looking statements:  uncertainties associated
with general economic conditions; changes in the interest rate environment;
inflation; political, legislative or regulatory developments; acts of war
or terrorism; the markets' acceptance of and demand for the Company's
products and services; technological changes, including the impact of the
internet on the Company's business and on the financial services market
place generally; the impact of competitive products and pricing; and
dependence on third party suppliers.  For further information, please refer
to the Company's reports filed with the Securities and Exchange Commission
at www.sec.gov.


<PAGE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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