Atlantic Union Bankshares (NASDAQ:AUB) (NASDAQ:AUB) is a diversified financial services holding company headquartered in Richmond, Virginia. Through its principal subsidiary, Atlantic Union Bank, the company provides a broad range of banking and wealth management services to commercial, retail and institutional clients. Its core business activities include deposit-taking, lending, mortgage banking, treasury management and wealth advisory services.
Founded in 1902 as the Union Banking Company of Virginia, the firm has grown through a combination of organic expansion and strategic acquisitions. In 2019, it completed a significant merger with Xenith Bankshares, creating a larger regional platform under the Atlantic Union Bank name. This merger enhanced the bank’s scale and expanded its presence in key markets.
Atlantic Union Bank operates more than 100 branch locations across Virginia, North Carolina, Maryland, and the District of Columbia. Its commercial banking division serves small and mid-sized businesses with tailored financing solutions, including commercial real estate, equipment leasing and working capital lines of credit. The consumer banking arm offers checking and savings accounts, home equity loans, residential mortgages and digital banking tools designed to meet the needs of individual customers.
The bank’s wealth management and trust services segment provides investment advisory, retirement planning, brokerage and fiduciary services. Under the leadership of President and Chief Executive Officer Robert M. Adelberg, Atlantic Union Bank emphasizes community engagement, financial education and technological innovation. Through its regional focus and broad product suite, the company aims to deliver personalized solutions that support the financial goals of individuals and businesses throughout the Mid-Atlantic region.
