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2026 Virginia Power 50 List: JOHN C. ASBURY
CEO, ATLANTIC UNION BANKSHARES, HENRICO COUNTY
Virginia Business //March 1, 2026//
John Asbury, president and CEO of Atlantic Union. Photo courtesy Atlantic Union
John Asbury, president and CEO of Atlantic Union. Photo courtesy Atlantic Union
2026 Virginia Power 50 List: JOHN C. ASBURY
CEO, ATLANTIC UNION BANKSHARES, HENRICO COUNTY
Virginia Business //March 1, 2026//
With more than 35 years of experience in banking, Asbury has led Atlantic Union since 2016. The Virginia Tech and William & Mary alumnus also served as chair of the American Bankers Association in 2024-25.
In 2025, Atlantic Union Bankshares, the bank’s holding company, completed its $1.3 billion acquisition of Sandy Spring Bancorp, creating the largest regional banking franchise headquartered in the lower mid-Atlantic. Before merger-related adjustments, the new combined Atlantic Union had $38.7 billion in total assets and $32.1 billion in total deposits, and the bank now has about 170 branches throughout Virginia, Maryland, North Carolina and Washington, D.C. Atlantic Union has about 2,300 employees and reported $24.585 billion in 2024 revenue.
A Radford native, Asbury, who previously worked for Bank of America, Regions Bank and the First National Bank of Santa Fe, serves on the Virginia Port Authority’s board of commissioners, chairs Virginia Learns and is a board member for the Greater Richmond Partnership. He was named 2025 Virginia Business Person of the Year.
