Atlantic Union Bankshares Corporation
Atlantic Union Bankshares Corporation is a Richmond, Virginia-based bank holding company and the parent of Atlantic Union Bank, the largest bank headquartered in Virginia.
Last updated October 14, 2026
AI crawler reads
No AI crawler has read this profile since Oct 28, 2026.
Overview
Atlantic Union Bankshares Corporation is a U.S. bank holding company headquartered in Richmond, Virginia, and the parent company of Atlantic Union Bank, a regional bank. It operates 190 branches across Virginia, Maryland, and North Carolina and is the largest bank headquartered in Virginia, ranking among the largest banks in the United States. The bank offers loans for automobiles, commercial real estate, construction, and housing, as well as equipment financing and insurance products. The company traces its roots to Union Bank and Trust Company, founded in 1902 in Bowling Green, Virginia. It has grown through a series of mergers and acquisitions, including First Market Bank in 2010, StellarOne Bank in 2014, Xenith Bank in 2017, Access National Corporation and Middleburg Bank in 2019, American National Bankshares in 2024, and Sandy Spring Bank in 2025. The bank rebranded to Union Bank & Trust in 2015 and to Atlantic Union Bank in May 2019 to reflect its geographic expansion. Atlantic Union Bank is active in community sponsorship and philanthropy, holding naming rights to the Atlantic Union Bank Center at James Madison University and the Atlantic Union Bank Pavilion in Portsmouth, and supporting local events such as the Drumstick Dash. In December 2023, the Consumer Financial Protection Bureau ordered the bank to pay $6.2 million for illegally enrolling customers in an overdraft program.
History
The company traces its roots to Union Bank and Trust Company, founded in 1902 in Bowling Green, Virginia. In February 2010, the company merged with First Market Bank, FSB, and changed its name to Union First Market Bank (UFMB). In June 2010, the company merged two affiliate banks, Northern Neck State and Rappahannock National, into UFMB. UFMB acquired StellarOne Bank in 2014. In 2015, UFMB rebranded to Union Bank & Trust (UB&T). In December 2017, the bank acquired Xenith Bank. In February 2019, the bank acquired Access National Corporation and its subsidiary, Middleburg Bank. In May 2019, UB&T rebranded to Atlantic Union Bank to reflect geographic expansion. In October 2019, the bank created a division focused on financing for commercial equipment. In June 2022, the company sold its registered investment adviser subsidiary. In January 2023, the company transferred its stock listing from the Nasdaq to the New York Stock Exchange. In April 2024, the company acquired American National Bankshares Inc., based in Danville, which owned American National Bank and Trust Co. The acquisition expanded Atlantic Union Bank into Virginia's Southside, New River Valley, and the Roanoke metropolitan area, as well as North Carolina, particularly in the Piedmont Triad metropolitan region and Raleigh. In April 2025, the company acquired Sandy Spring Bank. In June 2025, the company sold $2 billion of commercial real estate loans to an affiliate of The Blackstone Group for low 90s as a percentage of par value.
- 2025
Acquired Sandy Spring Bank.
- 2025
Sold $2 billion of commercial real estate loans to an affiliate of The Blackstone Group.
- 2024
Acquired American National Bankshares Inc.
- 2023
Transferred stock listing from Nasdaq to the New York Stock Exchange.
- 2022
Sold its registered investment adviser subsidiary.
- 2019
Acquired Access National Corporation and its subsidiary, Middleburg Bank.
- 2019
Rebranded to Atlantic Union Bank.
- 2019
Created a division focused on financing for commercial equipment.
- 2017
Acquired Xenith Bank.
- 2015
Rebranded to Union Bank & Trust (UB&T).
Products and positioning
Regional bank and the largest bank headquartered in Virginia, serving customers across Virginia, Maryland, and North Carolina.
Automobile loans
Commercial real estate loans
Construction loans
Housing loans
Equipment financing
Insurance products
Recent events
- Unconfirmed
Atlantic Union Bankshares Corporation to release third quarter 2026 financial results[2]
Reported:
Atlantic Union Bankshares Corporation announced that it will release its third quarter 2026 financial results; the supplied source consists only of the headline with no further details or dates.
Sources2 sources
Cite this profile: Cite the canonical profile. /brand-wiki/atlantic-union-bankshares-corporation · Editorial policy · How profiles are compiled