Union Mortgage Group Taps Herbert W. Engler as New President

BOWLING GREEN, Va., May 23 /PRNewswire-FirstCall/ -- Union Mortgage Group, Inc. (UMG), a member of Union Bankshares Corporation (NASDAQ:UBSH), announces that Herbert W. Engler has been appointed as President and Chief Executive Officer of UMG.

"We are pleased to add Herb to our team as we navigate through the difficult times the mortgage industry is facing. Herb has significant industry and leadership experience and we look forward to working with him to address the challenging issues and opportunities ahead," said D. Anthony Peay, EVP and CFO of Union Bankshares Corporation.

"I am excited to be joining the Union Mortgage team and look forward to working with the entire Union Bankshares Corporation family as it continues to serve its customers' needs. This is a great opportunity to work with one of Virginia's largest and most respected community banking organizations and I think we will achieve great things together," said Mr. Engler.

Engler has over 35 years of experience in the mortgage industry, both in production and operations. He comes to Union Mortgage Group from Prosperity Mortgage Company in Fairfax Virginia where he served as president for eleven years. Engler led that organization through a period of unprecedented growth culminating in 2005 when Prosperity generated closed loan volume of $3.7 billion with over 250 loan officers. Prior to joining Prosperity Mortgage Company, he had a major role in rebuilding the retail mortgage volume in Maryland and DC for Waterfield Financial Corporation. Prior to his tenure at Waterfield, Engler held positions of increasing responsibility and production in several mortgage-related companies throughout the metro Washington D.C. area.

Currently a resident of Maryland, Engler earned his bachelor's degree in Public Administration at Georgetown University, in Washington, DC.

Union Mortgage Group, Inc. is headquartered in Annandale, Virginia and operates sixteen offices in Virginia, Maryland, and South Carolina offering a full array of mortgage products. Union Mortgage Group is a member of Union Bankshares Corporation. Union Bankshares Corporation is a $2.4 billion financial services holding company committed to serving consumers and small to mid-sized businesses through its family of community banks and financial services companies.

The Corporation's four full-service community banks serve portions of Central, Northern, and Tidewater Virginia. They are Union Bank and Trust Company, Northern Neck State Bank, Rappahannock National Bank and Bay Community Bank. Non-bank affiliates include Union Investment Services, Inc. providing full brokerage services, Union Mortgage Group, Inc. providing a full line of mortgage products, and Union Insurance Group, LLC.

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Source: Union Mortgage Group, Inc.

CONTACT: Olen Thomas of Union Mortgage Group, Inc., +1-804-632-2161,
othomas@ubsh.com

Web site: http://www.ubsh.com/

2008-05-23 11:55:17 0369740 PRNEWSWIRE