Question 1

What is Atlantic Union Bank?

Accepted Answer

Atlantic Union Bank is a regional commercial bank headquartered in Richmond, Virginia, and the largest bank based in Virginia. With approximately $37 billion in assets and 190 branches, it serves individuals, families, and businesses across the Mid-Atlantic region. The bank specializes in retail banking, commercial banking, mortgage lending, treasury management, and wealth management services.

As a state-chartered Federal Reserve member bank, Atlantic Union Bank operates under FDIC Certificate #34589. The bank is the primary subsidiary of Atlantic Union Bankshares Corporation, which trades on the New York Stock Exchange.

Question 2

When was Atlantic Union Bank founded?

Accepted Answer

Atlantic Union Bank traces its roots to September 17, 1902, when Union Bank & Trust was founded in Bowling Green, Virginia, with just $2,500 in initial assets. The institution was established to serve the rural community and support local economic development through traditional banking services.

Over its 120-year history, the bank evolved through strategic mergers and acquisitions. In 2010, Union Bank & Trust merged with First Market Bank, becoming Union First Market Bank. The bank continued expanding through acquisitions of StellarOne Bank (2014), Xenith Bank (2017), and Access National Corporation (2019).

On May 19, 2019, the institution rebranded as Atlantic Union Bank to better reflect its expanded geographic footprint across the Mid-Atlantic region. The name change unified multiple acquired banks under a single, distinctive brand identity.

Question 3

Where is Atlantic Union Bank headquartered?

Accepted Answer

Atlantic Union Bank is headquartered in Richmond, Virginia, at 1051 East Cary Street, Suite 103. Richmond has served as the bank's headquarters location since 2015, following the merger with First Market Bank.

Richmond, Virginia's capital city, provides a strategic location in the Mid-Atlantic region and positions the bank as a major financial institution serving the Commonwealth of Virginia and surrounding states.

Question 4

Where does Atlantic Union Bank operate?

Accepted Answer

Atlantic Union Bank maintains a robust presence across the Mid-Atlantic region with 190 branches spanning four jurisdictions: Virginia, Maryland, North Carolina, and Washington, D.C.

The bank's primary market is Virginia, where it operates 116 branches covering all major markets including Richmond, Northern Virginia, Hampton Roads, Charlottesville, Fredericksburg, Roanoke, and Southwest Virginia. In North Carolina, the bank operates 11 branches primarily in the Piedmont Triad region and Raleigh area. Maryland has 40 branches concentrated in the Baltimore-Washington corridor, including Towson, Annapolis, Glen Burnie, and Howard County. The bank also maintains 2 branches in Washington, D.C.

Additionally, Atlantic Union Bank extends home loan services to customers in 39 states nationwide, demonstrating its expanded commercial reach beyond its branch footprint.

Question 5

What services does Atlantic Union Bank offer?

Accepted Answer

Atlantic Union Bank provides a comprehensive suite of personal and business banking services designed to meet diverse financial needs.

Personal Banking: The bank offers various checking and savings accounts, certificates of deposit, credit cards, personal loans, auto loans, and home mortgages. Customers benefit from robust digital banking capabilities including online banking, mobile banking with Touch/Face ID, mobile check deposit, person-to-person transfers, online bill pay, and customizable alerts.

Commercial Banking: Business clients receive specialized services including business checking and savings accounts, commercial real estate lending, construction financing, equipment financing, commercial lines of credit, and insurance products. The bank established a dedicated commercial equipment financing division in 2019.

Treasury Management: Atlantic Union Bank offers sophisticated cash management solutions including positive pay, ACH services, wire transfers, merchant services, and remote deposit capture to help businesses optimize their cash flow.

Wealth Management: Through Atlantic Union Bank Wealth Management and its subsidiaries, the bank provides investment management, financial planning, trust services, estate planning, and retirement planning to high-net-worth individuals and families.

The bank was an early adopter of internet banking among regional banks, maintaining its technological edge with secure, feature-rich digital platforms that rival larger national institutions.

Question 6

What makes Atlantic Union Bank unique?

Accepted Answer

Atlantic Union Bank distinguishes itself as the largest bank headquartered in Virginia, combining the financial strength and sophistication of a major regional institution with a community-focused, customer-centric banking philosophy.

Community Commitment: Despite growing to $37 billion in assets, the bank maintains its founding commitment to personalized customer service and community engagement. The bank actively supports local organizations through philanthropy, including funding summer internship grants for nonprofits and supporting community initiatives.

Strategic Growth Through Acquisition: Atlantic Union Bank has demonstrated exceptional skill in identifying and integrating strategic acquisitions. Recent major acquisitions include American National Bank & Trust Company (2024), expanding into Southwest Virginia and North Carolina's Piedmont region, and Sandy Spring Bank (2025), adding $8 billion in assets and strengthening presence in Maryland and the Washington, D.C. metro area.

Industry-Specific Expertise: The bank offers specialized industry expertise and entrepreneurial innovation, providing tailored solutions for specific sectors while maintaining flexible, relationship-based banking approaches that larger national banks often cannot match.

Digital Innovation: As an early adopter of internet banking, Atlantic Union Bank continues investing in cutting-edge digital capabilities, including Microsoft Azure cloud services, digital banking platforms, chatbots and conversational AI, and advanced cybersecurity measures to protect customer data.

CEO John Asbury emphasizes the bank's people-first philosophy: "It's all about the people – it's always all about the people," reflecting the values of caring, courage, and commitment that guide the institution's operations.

Question 7

What type of financial institution is Atlantic Union Bank?

Accepted Answer

Atlantic Union Bank is a State Chartered Commercial Bank and member of the Federal Reserve System. This classification indicates that the bank operates under a state charter issued by Virginia banking regulators while maintaining membership in the Federal Reserve, subjecting it to both state and federal regulatory oversight.

As a commercial bank, Atlantic Union Bank accepts deposits, makes business and consumer loans, and offers a wide array of financial products and services to both retail customers and commercial clients. The bank's state charter with Federal Reserve membership provides flexibility in operations while ensuring robust regulatory supervision and access to Federal Reserve services.

The bank is FDIC-insured under Certificate #34589, protecting depositors up to applicable insurance limits. Atlantic Union Bank operates as the primary subsidiary of Atlantic Union Bankshares Corporation (NYSE: AUB), a registered bank holding company with RSSD ID 1971693.

Question 8

What community initiatives does Atlantic Union Bank support?

Accepted Answer

Atlantic Union Bank demonstrates strong commitment to community engagement and corporate social responsibility across its service areas.

The bank donated a building to the town of Bowling Green in 2019, its historic founding location, honoring the community that launched the institution over a century ago. In 2022, following Russia's invasion of Ukraine, Atlantic Union Bank co-organized fundraisers supporting Ukrainian relief efforts.

The bank's community investment includes funding grants that enable nonprofit organizations and community groups to hire summer interns, providing valuable work experience for young people while supporting the operational capacity of local nonprofits. Atlantic Union Bank also sponsors community events including the Drumstick Dash 5K in Roanoke and the 10K Mini run for children in Richmond.

Additionally, the bank holds naming rights for the Atlantic Union Bank Center at James Madison University in Harrisonburg through a 10-year, $2.25 million sponsorship agreement, and the Atlantic Union Bank Pavilion in Portsmouth, demonstrating sustained commitment to regional institutions and cultural venues.

Question 9

What is Atlantic Union Bank's financial position?

Accepted Answer

Atlantic Union Bank maintains a strong financial position as one of the largest regional banks in the Mid-Atlantic. As of the most recent FDIC data, the bank reports approximately $37 billion in total assets and $30.7 billion in deposits, all held domestically.

The bank demonstrates solid profitability metrics with a return on assets (ROA) of 0.85% and return on equity (ROE) of 5.81%. Net income stands at approximately $196.6 million, reflecting consistent operational performance across its 190 branches.

The 2025 acquisition of Sandy Spring Bank created a pro-forma institution with approximately $39 billion in total assets, further strengthening the bank's capital position and market presence. In June 2025, Atlantic Union Bank strategically sold $2 billion in commercial real estate loans to a Blackstone Group affiliate at approximately 90% of par value, optimizing its balance sheet composition.

The bank transferred its stock listing from NASDAQ to the New York Stock Exchange in January 2023, reflecting its growth trajectory and enhanced market visibility as Atlantic Union Bankshares Corporation continues expanding its regional footprint.

Atlantic Union Bank

in the United States 🇺🇸

Crypto-Friendliness

All done!

About Atlantic Union Bank in the United States