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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.
Atlantic Union CFO announces retirement
Richmond-based Atlantic Union Bankshares announced Thursday that executive vice president and chief financial officer Robert M. Gorman plans to retire on or before March 31, 2026.
Atlantic Union names new chief risk officer
Atlantic Union Bankshares has appointed Bradley S. Haun as chief risk officer, the Glen Allen-based bank holding company announced May 13.
Atlantic Union: Q1 Earnings Snapshot
Atlantic Union Bankshares Corporation (AUB) reported first-quarter profit of $49.8 million.
Atlantic Union completes $1.3B Sandy Spring purchase
Atlantic Union Bankshares has completed its $1.3 billion acquisition of Sandy Spring Bancorp, according to a Tuesday announcement by the parent company of Atlantic Union Bank. Each share of Sandy Spring common stock was converted into the right to receive 0.9 shares of Atlantic Union common stock, with cash paid in lieu of fractional shares. […]
$1.6B Atlantic Union purchase of Sandy Spring Bank clears main hurdles
The parent companies of Atlantic Union Bank and Sandy Spring Bank have cleared the last major hurdles to the Richmond bank’s $1.6 billion all-stock purchase of Sandy Spring, headquartered in Maryland. The shareholders of Atlantic Union Bankshares and stockholders of Sandy Spring Bancorp approved the merger, first announced in October 2024, in their separate special […]
Fed approves Atlantic Union-Sandy Spring bank acquisition
Richmond-based Atlantic Union Bank is one step closer to completing its $1.6 billion purchase of Maryland’s Sandy Spring Bank. The Federal Reserve Bank of Richmond, acting on delegated authority from the Board of Governors of the Federal Reserve System, has approved the merger, the parent companies of the two banks announced Tuesday. Atlantic Union and […]
John C. Asbury tapped to lead American Bankers Association
The American Bankers Association has elected John C. Asbury, president and CEO of Richmond-based Atlantic Union Bankshares, as the organization’s chair for 2024-25. “Through his bold leadership and dedicated service to our industry, John has proven that he is just the right person to step into this critically important role,” Rob Nichols, president and CEO […]
Atlantic Union to buy Maryland’s Sandy Spring Bank for $1.6B
Atlantic Union Bank is expanding further into Northern Virginia and Maryland with the $1.6 billion purchase of Maryland’s Sandy Spring Bank, an acquisition announced Monday. The two banks’ parent companies, Atlantic Union Bankshares and Sandy Spring Bancorp, have entered into a merger agreement that would create a combined bank with $39.2 billion in assets as […]
Executive insights
Virginia Business asked six Hampton Roads leaders to discuss how their organizations are contributing to the region’s success and meeting challenges such as sustainability, regional cooperation and workforce training. LAURA HAYES CHALK Executive director, Virginia Beach Vision, Virginia Beach Virginia Beach Vision is partly focused on resiliency and sustainability — what do you hope to [&h[...]
Merger mania
Banking mergers and acquisitions are picking back up again after the slowest year in recent history, and Virginia is no exception. Last year marked a modern low in merger and acquisition activity, with only 98 deals completed nationwide. That’s not just the lowest level of activity since the pandemic — it’s the slowest year since […]
Atlantic Union completes $507M purchase of American National
Richmond-based Atlantic Union Bankshares completed its acquisition Monday of Danville-based American National Bankshares, parent company of American National Bank and Trust. Based on the $35.31/share closing price Thursday of Atlantic Union common stock, the transaction value was approximately $507 million, according to Atlantic Union’s news release Monday. The deal was announced in July 202[...]
