Atlantic Union Bank

Atlantic Union Bank is headquartered in Richmond, Virginia and whose Virginia roots go back to 1902. They offer a wide range of financial solutions including checking accounts, savings accounts, credit cards, mortgages, home equity loans and lines of credit, car loans, personal loans, small business and commercial business bank accounts, loans and more. With 129 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
129 branches
Area served
Virginia
Maryland
North Carolina
Key people
John Asbury, CEO
Dean Brown, CIO
Rob Gorman, CFO
Duane Smith, CMO
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
  1. "FDIC: Atlantic Union Bank". Federal Deposit Insurance Corporation.
  2. "Suntrust Banks, Inc. 2007 FORM 10-K". U.S. Securities and Exchange Commission.
  3. "UPDATE: Ukrop's-owned First Market Bank to merge with Union Bankshares". Richmond Times Dispatch. March 30, 2009.
  4. "Union First Market Bankshares Completes Acquisition of StellarOne Corporation" (Press release). PR Newswire. January 1, 2014.
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