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Registration No. 333-82709 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ____________________________ UNION BANKSHARES, INC. (Exact name of registrant as specified in its charter) Vermont 6022 03-0283552 (State or other jurisdiction of (Primary Standard (I.R.S. Employer incorporation or organization) Industrial Classification Identification No.) Code Number) 20 Main Street, P.O. Box 667, Morrisville, VT 05661-0667 (802) 888-6600 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) Mr. Kenneth D. Gibbons President and Chief Executive Officer Union Bankshares, Inc. 20 Main St., P.O. Box 667 Morrisville, VT 05661-0667 (802) 888-6600 (Name, address, including zip code, and telephone number, including area code, of registrant's agent for service) ____________________________ Copies to: Denise J. Deschenes, Esq. Edward R. Zuccaro, Esq. Primmer & Piper, P.C Zuccaro, Willis & Bent 421 Summer St., PO Box 159 87 Main St., PO Box 97 St. Johnsbury, VT 05819 St. Johnsbury, VT 05819-0097 (802) 748-5061 (802) 748-8958 ____________________________ Deregistration of Unissued Shares - --------------------------------- Effective as of the close of business on November 30, 1999, the registrant, Union Bankshares, Inc. ("Union"), completed its acquisition of Citizens Savings Bank and Trust Company ("Citizens"). In connection with the merger, Union issued to the shareholders of Citizens 991,089 shares of its $2.00 par value common stock, net of fractional shares settled in cash. Union had previously registered 991,298 shares of its common stock for issuance in the transaction. The sole purpose of this post-effective amendment is to de-register the remaining 209 shares previously registered but not issued in the transaction. SIGNATURES Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this Post-Effective Amendment No. 1 to its registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the Town of Morrisville, State of Vermont, on December 15, 1999. UNION BANKSHARES, INC. By: /s/ Kenneth D. Gibbons --------------------------------- Kenneth D. Gibbons, President and Chief Executive Officer Pursuant to the requirements of the Securities Act of 1933, this Post- Effective Amendment No. 1 to Form S-4 Registration Statement has been signed by the following persons in the capacities indicated on the 15th day of December, 1999. Signature Title - --------- ----- /s/ Kenneth D. Gibbons President, - --------------------------- Chief Executive Officer Kenneth D. Gibbons and Director /s/ Cynthia D. Borck* Vice President and Director - --------------------------- Cynthia D. Borck /s/ Marsha A. Mongeon* Vice President, Chief Financial Officer and - --------------------------- Treasurer (Principal Financial and Accounting Marsha A. Mongeon Officer) /s/ William T. Costa Director - --------------------------- William T. Costa /s/ Oscar E. Churchill* Director - --------------------------- Oscar E. Churchill /s/ Peter M. Haslam* Director - --------------------------- Peter M. Haslam /s/ Franklin G. Hovey, II Director - --------------------------- Franklin G. Hovey, II /s/ William F. Kinney* Director - --------------------------- William F. Kinney /s/ Richard C. Marron* Director - --------------------------- Richard C. Marron /s/ Robert P. Rollins* Director - --------------------------- Robert P. Rollins /s/ Jerry S. Rowe Vice President and Director - --------------------------- Jerry S. Rowe /s/ Richard C. Sargent* Director - --------------------------- Richard C. Sargent /s/ Walter M. Sargent* Director - --------------------------- Walter M. Sargent /s/ W. Arlen Smith* Director - --------------------------- W. Arlen Smith - ------------------- * By Kenneth D. Gibbons, attorney-in-fact, pursuant to Power of Attorney dated as of June 16, 1999 (Exhibit 24.1 to this Registration Statement).