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Atlantic Union Bankshares Corporation completes acquisition of American National Bankshares Inc.

Atlantic Union Bankshares Corporation completes acquisition of American National Bankshares Inc.

04/01/24, 11:06 AM
Location
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Industry
banking
lending
finance
financial services
Atlantic Union Bankshares Corporation has successfully completed its merger with American National Bankshares Inc. This strategic move enhances Atlantic Union’s presence in Central, Western and Southern Virginia, and marks its entry into North Carolina’s Piedmont Triad region and Raleigh. The transaction is valued at approximately $507 million.

Company Info

Company
Atlantic Union Bankshares Corporation
Location
Glen Allen, Virginia, United States
Company info
Headquartered in Richmond, Virginia, Atlantic Union is the holding company for Atlantic Union Bank. Atlantic Union Bank has 109 branches and approximately 125 ATMs located throughout Virginia, and in portions of Maryland and North Carolina. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; Atlantic Union Financial Consultants, LLC, which provides brokerage services; and Union Insurance Group, LLC, which offers various lines of insurance products. About American National Bankshares Inc. American National is a multi-state bank holding company with total assets of approximately $3.1 billion. Headquartered in Danville, Virginia, American National is the parent company of American National Bank and Trust Company. American National Bank is a community bank serving Virginia and North Carolina with 26 banking offices. American National Bank also manages an additional $1.2 billion of trust, investment and brokerage assets in its Wealth Management Division.