Atlantic Union to expand Henrico office, add 50 jobs

Atlantic Union Bank is investing $5.1 million to upgrade its corporate offices in Henrico County to accommodate growth, the bank announced this week.

The Glen Allen-based bank says it will make improvements to an existing two-story, 39,000-square-foot office building within Henrico’s mixed-use Innsbrook corridor to accommodate 50 additional corporate positions.

Henrico County Economic Development Authority Executive Director Anthony J. Romanello says this new building will be Atlantic Union Bank‘s third in Innsbrook. He said the bank plans to do a full interior renovation of the building, which is vacant.

“Our growth in Henrico reflects more than just momentum,” said Duane Smith, chief enterprise services officer and chief of staff of Atlantic Union Bank, in a statement. “It’s a commitment to being the kind of partner our communities deserve. We’re serious about our mission of exceeding customer expectations — not just with the products and services we offer, but with good jobs, meaningful investments and a genuine desire to make a difference where we live and work.”

Atlantic Union Bank holds $38 billion in assets, has originated $30 billion in loans and employs over 3,200 people — including more than 460 employees in Henrico.

The bank said it will allocate $21 million of its spending to small, women-owned and minority-owned certified suppliers.

Henrico Board of Supervisors Chair and Brookland District Supervisor Daniel J. Schmitt said in a statement that he was thrilled by the announcement.

“Their $5 million investment speaks volumes about the strength of our business environment and the talent of our workforce,” said Schmitt. “This expansion brings high-quality jobs to our community and reinforces Henrico’s reputation as a premier destination for corporate services.”