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
Public company
Traded asNASDAQ: 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]

gollark: So, progress on the potatoupdates™ system, I now have a script generating manifest files which are deterministically generated from the exact contents of a PotatOS version™.
gollark: > multiprocessing.pool objects have internal resources that need to be properly managed (like any other resource) by using the pool as a context manager or by calling close() and terminate() manually. Failure to do this can lead to the process hanging on finalization.> Note that is not correct to rely on the garbage colletor to destroy the pool as CPython does not assure that the finalizer of the pool will be called (see object.__del__() for more information).Great abstraction there, Python. Really great.
gollark: No, I mean I was reading from underneath the line it highlighted, which was the POST documentation.
gollark: Oh, never mind, the link was just being confusing.
gollark: Why is there a body argument for *GET* requests?

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.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.