The current day Union Bank & Trust Company was founded in 1917 as the Farmer's State Bank. In 1935, the name was changed to Union Bank, and in 1959, with the addition of trust powers, the company became Union Bank & Trust Company. In 1965, Union Bank & Trust was purchased by the Dunlaps, a longtime Nebraska banking family. Now, nearly 40 years later, still owned and managed by the same family, Union Bank & Trust has developed into a financially diverse organization serving Nebraskans across the state.