Atlantic Union Bankshares Corporation
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- John C. Asbury
- Full Time Employees
- 3,064
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 4300 Cox Road Glen Allen VA United States of America 23060
- IPO Date
- Oct 6, 1993
- CIK
- 0000883948
- Website
- atlanticunionbank.com
- Similar Companies
- Business
- Atlantic Union Bankshares Corporation Atlantic Union Bankshares Corporation (NYSE: AUB) serves as the holding company for Atlantic Union Bank, a regional bank providing a broad range of commercial and consumer banking products and services; these include deposit accounts such as checking, savings, and certificates of deposit; commercial, industrial, residential mortgage, and consumer loans; treasury management and capital markets services; equipment financing through its Atlantic Union Equipment Finance, Inc. subsidiary; brokerage services via Atlantic Union Financial Consultants, LLC; and various insurance products offered by Union Insurance Group, LLC. The bank operates through two primary segments, Wholesale Banking, which serves commercial and industrial customers with loans, leasing, deposits, and related services primarily in Virginia, Maryland, North Carolina, and South Carolina, and Consumer Banking, which delivers loan and deposit products to consumers and small businesses across Virginia, Maryland, and North Carolina, including home lending, investment management, and advisory services. Headquartered in Richmond, Virginia, where its roots trace back to 1902 through predecessor institutions, Atlantic Union Bank maintains approximately 129 branches and 150 ATMs throughout Virginia and select areas of Maryland and North Carolina as of late 2024. In a major strategic expansion, Atlantic Union Bankshares Corporation completed its acquisition of Sandy Spring Bancorp, Inc. in April 2025 in an all-stock transaction valued at approximately $1.6 billion, creating the largest regional bank headquartered in the lower Mid-Atlantic with pro forma total assets of $39.2 billion, deposits of $32.0 billion, and gross loans of $29.8 billion as of September 2024 data, while adding 53 branches and more than doubling its wealth management assets under management by over $6.5 billion, thereby solidifying its "Golden Crescent" footprint spanning from Baltimore through Washington D.C., Richmond, and Hampton Roads. This transaction enhances its market presence in Northern Virginia and Maryland, integrates complementary franchises with shared community-focused approaches, and positions the combined entity for accelerated growth in fee-based services and client acquisition. Additionally, in June 2025, the company sold approximately $2 billion of performing commercial real estate loans to Blackstone Real Estate Debt Strategies to optimize its balance sheet amid ongoing portfolio management efforts.
Company News
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Atlantic Union Bankshares Q2 Earnings Call Highlights