The story
The company traces it roots to Union Bank and Trust Company, founded in 1902 in Bowling Green, Virginia. In February 2010, the company merged with First Market Bank, FSB, and changed its name to Union First Market Bank (UFMB).
In June 2010, the company merged two affiliate banks, Northern Neck State and Rappahannock National, into UFMB.
UFMB acquired StellarOne Bank in 2014.
In 2015, UFMB rebranded to Union Bank & Trust (UB&T).
In December 2017, the bank acquired Xenith Bank.
In February 2019, the bank acquired Access National Corporation and its subsidiary, Middleburg Bank.
In May 2019, UB&T rebranded to Atlantic Union Bank to reflect geographic expansion.
In October 2019, the bank created a division focused on financing for commercial equipment.
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In June 2022, the company sold its registered investment adviser subsidiary.
In January 2023, the company transferred its stock listing from the Nasdaq to the New York Stock Exchange.
In April 2024, the company acquired American National Bankshares Inc., based in Danville, which owned American National Bank and Trust Co. The acquisition expanded Atlantic Union Bank into Virginia's Southside, New River Valley, and the Roanoke metropolitan area, as well as North Carolina, particularly in the Piedmont Triad metropolitan region and Raleigh.
In April 2025, the company acquired Sandy Spring Bank.
In June 2025, the company sold $2 billion of commercial real estate loans to an affiliate of The Blackstone Group for low 90s as a percentage of par value.
From Wikipedia’s article on Atlantic Union Bank, shared under CC BY-SA 4.0.5