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Get to know Highlands Union Bank

Founded in 1985 and headquartered in Abingdon, Virginia, Highlands Union Bank (HUB) was a community-focused financial institution. It operated as the banking subsidiary of Highlands Bankshares, Inc., offering a full range of banking services to individuals and businesses, including checking and savings accounts, commercial, real estate, and consumer loans, as well as wealth management services. In April 2020, it was announced that Highlands Union Bank would merge with First Community Bank, a wholly-owned subsidiary of First Community Bankshares, Inc. The merger was completed later that year, and all Highlands Union Bank branches were rebranded as First Community Bank.

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Highlands Union Bank

United States

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Markets.com

(326 reviews)

United States

2008

(18 years)

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A Grade License

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B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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