Union Bankshares

BROADSOURCE SELECTED BY UNION BANKSHARES CORPORATION FOR TELECOM EXPENSE MANAGEMENT

ATLANTA, April 26, 2005 - BroadSource, Inc., the experts in telecom expense management for middle-market companies and financial institutions, announced today Union Bankshares Corporation of Virginia has selected BroadSource as their preferred provider for telecom expense management technology and services.

Union Bankshares Corporation, a multi-bank holding company headquartered in Bowling Green, Virginia, is the third largest banking organization based in Virginia.

“Union Bankshares Corporation is looking for more than a routine telecom audit,” stated David Wilson, EVP with Union Bankshares Corporation. “We need a long-term solution to improve our telecom expenses and maintain the integrity of our telecom operations. When the BroadSource solution is implemented, we anticipate reducing costs and increasing internal efficiencies which translate into increased shareholder value.”

Vincent Brennan, BroadSource CEO stated, “Routine audits are outdated. Enterprises like Union Bankshares Corporation are realizing the long-term benefits of implementing a technology solution to manage telecom expenses.” Brennan continued, “Not only will the bank recognize immediate costs savings, but many additional benefits will be gained including internal efficiencies, work-flow development and increased visibility into this large expense item.”

BroadSource is typically able to save its customers between 20 and 30 percent annually on their telecom expenses. Because BroadSource technology and services review telecom bills monthly, the peaks and valleys often present with a routine audit become a level stream of savings. Banks and middle-market enterprises alike are able to attribute bottom line benefits to professional telecom expense management.

About Union Bankshares

Union Bankshares Corporation is one of the largest community banking organizations based in Virginia, providing full service banking to the Central, Rappahannock, Williamsburg and Northern Neck regions of Virginia through its bank subsidiaries, Union Bank & Trust (31 locations in the counties of Albemarle, Caroline, Chesterfield, Fluvanna, Hanover, Henrico, King George, King William, Nelson, Spotsylvania, Stafford, Westmoreland and the Cities of Charlottesville and Fredericksburg), Northern Neck State Bank (9 locations in the counties of Richmond, Westmoreland, Essex, Northumberland and Lancaster), Rappahannock National Bank in Washington, Virginia and Bank of Williamsburg ( 3 locations in Williamsburg and Newport News). Union Bank & Trust also operates a loan production office in Manassas. In addition to banking services, Union Investment Services, Inc. provides full brokerage services and Mortgage Capital Investors provides a full line of mortgage products. The Bank of Williamsburg also owns a non-controlling interest in Johnson Mortgage Company, LLC.

About BroadSource, Inc.
BroadSource is the expert in telecommunications expense management specifically for middle-market companies and financial institutions. Headquartered in Atlanta, Ga., BroadSource provides products and services to reduce the costs and complexities of managing communication services across multiple locations and divisions of companies nationwide. For more information, visit www.broadsource.com.