Atlantic Union Bankshares Corporation Surveillance Report
Company Profile
With approximately $37 billion in assets, $28 billion in loans, and $30 billion in deposits, Atlantic Union Bankshares Corporation (NYSE: AUB) (“the company”) is the largest regional banking institution headquartered in Virginia (Richmond), with 178 branches and operations in all major banking markets of the Commonwealth and Maryland and select markets in North Carolina.
Through the company’s principal subsidiary, Atlantic Union Bank (“the bank”), AUB offers a full suite of traditional banking products as well as wealth management ($15 billion of AUM), brokerage, insurance products and services, and equipment financing.
The company has grown significantly recently with the 2025 closing of the Sandy Spring Bancorp, Inc. (SASR) acquisition which added ~$14 billion in assets and 53 branches in Maryland/Washington, D.C. In 2024, AUB acquired of American National Bankshares, which added ~$3 billion in assets and 26 branches adding further density to…
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