Union Mortgage Group Hires James G. Carter, III as President and CEO

RICHMOND, Va., July 21, 2014 /PRNewswire/ -- Union Mortgage Group, Inc., a non-bank affiliate of Union Bankshares Corporation, today announced that it has hired James G. "JG" Carter, III as President and CEO.

"JG will lead our mortgage team as we redefine our business strategy to succeed in an ever changing mortgage market," said Jeffrey W. Farrar, Executive Vice President and Director of Wealth Management, Mortgage and Insurance. "We are excited to have such a seasoned and talented executive join our team."

Carter, 55, has more than 30 years of experience in the mortgage industry starting with United Virginia Mortgage. He has an extensive mortgage banking background in retail and correspondent lending, sales and operations, risk management, fraud prevention, and governance.

A member of the Mortgage Bankers Association of America, Carter is past Chairman of both the Association's Residential Loan Production Committee and The Wholesalers Subcommittee and previously served on the organization's Residential Board of Governors.  He is on the board of Housing Virginia, a non-profit organization focused on affordable housing issues in the Commonwealth of Virginia.  In addition, Carter is a past President of the Virginia Mortgage Lenders Association and former member of the Association's Board of Directors.  He is a recipient of the Alex McCrone Award, recognizing distinguished service to the association.  Carter also serves on the Mortgage Market Issues Committee of the American Bankers Association.

ABOUT UNION BANKSHARES CORPORATION
Headquartered in Richmond, Virginia, Union Bankshares Corporation (NASDAQ: UBSH), is the holding company for Union First Market Bank, which has 131 branches and 200 ATMs throughout Virginia. Non-bank affiliates of the holding company include: Union Investment Services, Inc., which provides full brokerage services; Union Mortgage Group, Inc., which provides a full line of mortgage products; and Union Insurance Group, LLC, which offers various lines of insurance products.

Additional information on the company is available at http://investors.bankatunion.com.

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SOURCE Union Bankshares Corporation



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