Atlantic Union Bank

Atlantic Union Bank is a federal savings bank headquartered in Richmond, Virginia in the United States. It has 149 branches, all of which are in either Virginia, Maryland, or North Carolina.[1] It is the primary subsidiary of Atlantic Union Bankshares Corporation, a bank holding company.

Atlantic Union Bankshares Corporation
TypePublic company
NASDAQ: AUB
Russell 2000 Index component
IndustryBanking
FoundedNovember 4, 1997 (1997-11-04) as First Market Bank
HeadquartersRichmond, Virginia, United States
Number of locations
160 branches
Area served
Virginia
Maryland
North Carolina
Key people
John Asbury, CEO
ServicesFinancial services
$0.042 billion (Q1 2019)
Total assets $16.868 billion (2019)
Total equity $2.706 billion (2019)
Websitewww.atlanticunionbank.com
Footnotes / references
[1]

History

Logo of First Market Bank

The bank was founded as First Market Bank on November 4, 1997 in Memphis, Tennessee as a joint venture between Ukrop's Food Group and National Commerce Bancorporation, later acquired by Suntrust Banks.[1]

In March 2005, the bank moved its headquarters to Richmond.[1]

In March 2006, SunTrust sold its 49% interest in the bank to Markel Corporation, a property and casualty insurer, for $82.6 million.[2]

On February 1, 2010, the bank merged with Union Bankshares.[3]

In March 2010, the bank changed its name to Union First Market Bank.[1]

In January 2014, the bank acquired StellarOne.[4]

In February 2015, the bank changed its name to Union Bank & Trust.[1]

In May 2019, the bank changed its name to Atlantic Union Bank.[1]

References

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