Atlantic Union Bank

Atlantic Union Bankshares Corporation Completes Acquisition of American National Bankshares Inc.

Retrieved on: 
Monday, April 1, 2024
Banking, Professional Services, Finance, First American National Bank, Atlantic Union Bank, Whaling

Atlantic Union Bankshares Corporation (“Atlantic Union”) announced today that it has completed its previously announced merger with American National Bankshares Inc. (“American National”), effective April 1, 2024.

Key Points: 
  • Atlantic Union Bankshares Corporation (“Atlantic Union”) announced today that it has completed its previously announced merger with American National Bankshares Inc. (“American National”), effective April 1, 2024.
  • Under the terms of the merger agreement, American National shareholders will receive 1.35 shares of Atlantic Union common stock in exchange for each share of American National common stock, with cash paid in lieu of fractional shares.
  • “We are excited to have the American National team officially join Atlantic Union Bank,” said John C. Asbury, president and CEO of Atlantic Union.
  • American National’s subsidiary bank, American National Bank and Trust Company, was merged into Atlantic Union Bank, effective April 1, 2024.

Atlantic Union Bank Receives 2024 Top Workplaces USA Award

Retrieved on: 
Wednesday, March 20, 2024
Banking, Professional Services, Human Resources, Finance, Atlantic Union Bank, Human, Union Bank, Organization, Culture, Workplace

Atlantic Union Bank announced today that it has earned a 2024 Top Workplaces USA award issued by Energage for the second year in a row.

Key Points: 
  • Atlantic Union Bank announced today that it has earned a 2024 Top Workplaces USA award issued by Energage for the second year in a row.
  • The Top Workplaces program has a 15-year history of surveying more than 20 million employees in the U.S. and recognizing leading organizations for regional Top Workplaces awards.
  • “It’s an honor to be named a Top Workplace for the second year in a row,” said John Asbury, CEO of Atlantic Union Bank.
  • Winners of the Top Workplaces USA list are chosen based solely on employee feedback gathered through an employee engagement survey, issued by Energage.

Atlantic Union Bankshares Corporation Announces Receipt of Regulatory Approvals to Complete Merger with American National Bankshares Inc.

Retrieved on: 
Friday, February 23, 2024
Banking, Professional Services, Finance, Atlantic Union Bank, Federal Reserve

Atlantic Union Bankshares Corporation announced today that it has received regulatory approval from the Board of Governors of the Federal Reserve System (the “Federal Reserve”) to complete the previously announced merger of American National Bankshares Inc. (“American National”) with and into Atlantic Union Bankshares in an all-stock transaction.

Key Points: 
  • Atlantic Union Bankshares Corporation announced today that it has received regulatory approval from the Board of Governors of the Federal Reserve System (the “Federal Reserve”) to complete the previously announced merger of American National Bankshares Inc. (“American National”) with and into Atlantic Union Bankshares in an all-stock transaction.
  • The Federal Reserve approval follows approvals from the Virginia State Corporation Commission and the shareholders of American National.
  • “We are pleased to have received all of the regulatory and shareholder approvals necessary to close the merger, and we plan to close the transaction on April 1, 2024, subject to the satisfaction of customary closing conditions,” said John C. Asbury, President and CEO of Atlantic Union Bankshares.

SolaREIT™ Announces New $30 Million Revolving Credit Facility with Atlantic Union Bank

Retrieved on: 
Wednesday, February 28, 2024
Solar, Country, CFO, AUB, BESS, Atlantic Union Bank, Partnership, Renewable energy

VIENNA, Va., Feb. 28, 2024 /PRNewswire/ -- SolaREIT™, a renewable energy real estate investment company, announced today that they successfully closed on a revolving credit facility with Atlantic Union Bank (AUB). This line of credit provides the company with an additional $30 million of liquidity and will allow SolaREIT™ to continue to scale the business and expand financing solutions for solar and storage developers. It is the second revolving credit facility the partners have closed with AUB— the first was a $15 million facility announced last year. SolaREIT™'s innovative financing model provides solar and battery energy storage solution (BESS) developers and landowners with robust financing options. 

Key Points: 
  • It is the second revolving credit facility the partners have closed with AUB— the first was a $15 million facility announced last year.
  • SolaREIT™ announced today that they successfully closed on a revolving credit facility with Atlantic Union Bank.
  • "We're thrilled to partner with Atlantic Union Bank again to provide financing solutions to clean energy developers.
  • "The revolving credit facility with Atlantic Union Bank allows us to continue to expand our offerings to support clean energy projects across the country."

Atlantic Union Bank Comments on Settlement with the Consumer Financial Protection Bureau

Retrieved on: 
Thursday, December 7, 2023
Banking, Professional Services, Finance, Well, Disclosure, Telephone, Consumer, Consumer Financial Protection Bureau, Union Bank, Atlantic Union Bank, J.D. Power, Atlantic Union

Atlantic Union Bank (“Atlantic Union”), a subsidiary of Atlantic Union Bankshares Corporation, announced today it has settled an investigation by the Consumer Financial Protection Bureau (“CFPB”) into certain practices of Atlantic Union during the period from 2017 to 2020 relating to its Opt-In Overdraft Privilege service.

Key Points: 
  • Atlantic Union Bank (“Atlantic Union”), a subsidiary of Atlantic Union Bankshares Corporation, announced today it has settled an investigation by the Consumer Financial Protection Bureau (“CFPB”) into certain practices of Atlantic Union during the period from 2017 to 2020 relating to its Opt-In Overdraft Privilege service.
  • As part of the settlement, Atlantic Union will pay a civil penalty of $1.2 million and will refund at least $5.0 million in fees to impacted customers.
  • Atlantic Union does not admit to any wrongdoing, past or present, under the settlement.
  • Well before today’s settlement, Atlantic Union proactively made improvements to its overdraft program, including to the Opt-In Overdraft Privilege service at issue in the settlement.

True Digital Adds Strategic Advisor and Banker Advisory Board

Retrieved on: 
Tuesday, September 12, 2023
Technology, Finance, Fintech, Banking, Professional Services, Software, Networks, Data Analytics, Data Management, WisdomTree Investments, AUB, Coast, First Horizon Bank, BankUnited, Deloris Frimpong Manso, The Digital Group, Atlantic Union Bank, Old National Bank, Love, CCB, CIO, Woman, NYSE

True Digital Group , provider of the industry’s first digital innovation and collaboration network that supports bankers in their discovery, influence, and use of technology through collaboration, today announced Rilla Delorier has joined the organization as a Strategic Advisor.

Key Points: 
  • True Digital Group , provider of the industry’s first digital innovation and collaboration network that supports bankers in their discovery, influence, and use of technology through collaboration, today announced Rilla Delorier has joined the organization as a Strategic Advisor.
  • The company also formed a Banker Advisory Board with key executives from several of the top financial institutions including Synovus, Old National Bank, First Horizon, and BankUnited, among others from across the United States.
  • Rilla said, “As someone who loves this industry, the network and platform of True Digital is uniquely powerful in its approach to foster innovation through collaboration between bankers.
  • Sells said, “The True Digital Banker Advisory Board members are very deliberately selected for their industry experience and proven commitment to be leaders in the industry who give back to others.

Nationally Recognized, Minority-owned Marketing Agency Snags Former Capital One Sr. Marketing Executive

Retrieved on: 
Tuesday, August 29, 2023
Insurance, Richmond International Airport, Greater Richmond Region, U.S. Department of Defense Strategy for Operating in Cyberspace, Marketing, Fannie Mae, Forestry, Workplace, Commercial bank, McCarthy, Luxottica, Capital One, Public sector, Dominion Energy, Diversity, Atlantic Union Bank, The Martin Agency, Inclusion, CoStar Group

McCarty previously held dual roles leading Diversity & Inclusion and Marketing for Capital One's Commercial Bank and as CEO of her own consultancy prior to joining the firm.

Key Points: 
  • McCarty previously held dual roles leading Diversity & Inclusion and Marketing for Capital One's Commercial Bank and as CEO of her own consultancy prior to joining the firm.
  • "The breakthrough work West Cary Group is doing for its clients is what drew me to the opportunity," said McCarty.
  • "The breakthrough work West Cary Group is doing for its clients is what drew me to the opportunity," said McCarty.
  • "I am extremely impressed with how they're bringing 21st-century, cutting-edge marketing strategy approaches to both mainstream consumer brands and industries that haven't gotten the marketing attention they deserve.

Moore Kuehn Encourages AMNB, SCU, NLTX, and PRDS Investors to Contact Law Firm

Retrieved on: 
Wednesday, July 26, 2023
PLLC, Wall Street, Sculptor Capital Management, Therapy, Fraud, Atlantic Union Bank, Atlantic Union, Security (finance), Bank

Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies.

Key Points: 
  • Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies.
  • Moore Kuehn encourages shareholders who would like to discuss their rights to contact Justin Kuehn, Esq.
  • Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
  • Moore Kuehn is a 5-star Google client-rated New York City law firm with attorneys representing investors and consumers in litigation involving securities laws, fraud, breaches of fiduciary duties, and other claims.

The New York Stock Exchange Reports Strong Momentum in First Half of 2023

Retrieved on: 
Friday, June 30, 2023
Technology, Payments, Finance, Fintech, Professional Services, Software, Data Analytics, Asset Management, Data Management, Citadel, KVUE, House, NYSE Chicago, New York Stock Exchange, IPO, NYSE Euronext, AUB, ICE, AngloGold Ashanti, FI, Atlantic Union Bank, The First Half of My Life, CRH, Risk, COHR, Citadel Securities, Bank statement, Chicago, ETF, Intercontinental Exchange, NYSE Arca, Annual report, SVV, Navy, Comment, KIDS, NYSE American, Pacific Exchange, CAVA, Charles Schwab Corporation, National Stock Exchange (Jersey City, New Jersey), NYSE, AU, Commerce, Security (finance), Cryptocurrency, Fiserv, Coherence

The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today reported strong business momentum through the first half of 2023.

Key Points: 
  • The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today reported strong business momentum through the first half of 2023.
  • As listing conditions continue to improve, the NYSE maintains a strong pipeline of companies planning to list at the exchange.
  • “The first half of 2023 reflected strong momentum for the New York Stock Exchange,” said Lynn Martin, President, NYSE Group.
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

FinMain and the Mid-Size Bank Coalition of America (MBCA) Accelerate Strategic Partnership to Empower U.S. Banks

Retrieved on: 
Thursday, June 1, 2023
Fintech, Database, Partnership, MBCA, Coalition, Old National Bank, Synovus, Security, Organization, Digital technology, Atlantic Union Bank, Arvest Bank, Cryptocurrency, Management

NEW YORK, June 1, 2023 /PRNewswire/ -- FinMain (www.finmain.com), a leading financial technology digital infrastructure provider and the Mid-Size Bank Coalition of America (www.midsizebanks.com), the preeminent association representing U.S. mid-size banks, are pleased to announce a strategic partnership aimed at fostering innovation and enhancing digital capabilities for the MBCA's 100-plus member banks, collectively representing just over $3 trillion in total assets and $100 billion in revenue.

Key Points: 
  • The partnership also creates the opportunity to deliver exceptional value to all stakeholders through distinctive customer experience and improved operations.
  • Commenting on the strategic partnership, Brent Tjarks, Executive Director at MBCA, said, "Our increased partnership with FinMain aligns perfectly with our mission to support the success of mid-size banks.
  • Under this strategic partnership, the first collaborative efforts address three specific areas:
    Already in successful operation, FinMain curates and leads MBCA's flagship innovation forum, "BankTank".
  • FinMain, along with leading MBCA member bank innovators, is building for all coalition members customized multibank technology utilities specifically tailored to the prioritized needs of mid-size banks.