Union Mortgage Group, a member of Union Bankshares, has appointed Herbert Engler as its new president and CEO.

Mr Engler has over 35 years of experience in the mortgage industry, both in production and operations. He comes to Union Mortgage Group (UMG) from Prosperity Mortgage Company in Fairfax, Virginia, where he served as president for 11 years.

Anthony Peay, executive vice president and CFO of Union Bankshares, said: 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.