Atlantic Union Bank Completes Integration of American National Bank and Trust Company
28 5월 2024 - 9:00PM
Business Wire
Atlantic Union Bank today announced it has successfully
completed the integration of American National Bank and Trust
Company (“American National”) branches and operations, unifying the
bank across its footprint.
“Following our detailed merger integration playbook to seek to
ensure a smooth transition, our teammates have worked diligently on
the data conversion and systems integration of American National
since the merger announcement last summer,” said Maria Tedesco,
President and Chief Operating Officer of Atlantic Union Bank. “Not
only does this successful integration result in a unified bank
presence across Virginia, North Carolina and Maryland, but also
helps us build on our commitment to provide the conveniences,
services and products that are most important to our
customers.”
About Atlantic Union Bank
Headquartered in Richmond, Virginia, Atlantic Union Bank, a
wholly owned subsidiary of Atlantic Union Bankshares Corporation
(NYSE: AUB), has 129 branches and approximately 150 ATMs located
throughout Virginia, and in portions of Maryland and North Carolina
as of May 28, 2024. Certain non-bank financial services affiliates
of Atlantic Union Bank include: Atlantic Union Equipment Finance,
Inc., which provides equipment financing; Atlantic Union Financial
Consultants, LLC, which provides brokerage services; and Union
Insurance Group, LLC, which offers various lines of insurance
products.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release may constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include, without limitation, statements regarding our
expectations with regard to our business and expectations or
beliefs about future events or results and are not statements of
historical fact. Such forward-looking statements are based on
various assumptions as of the time they are made, and are
inherently subject to known and unknown risks, uncertainties and
other factors that may cause actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Forward-looking statements are often
characterized by the use of qualified words (and their derivatives)
such as “commitment,” “expect,” “believe,” “anticipate,” “intend,”
“will,” “may,” “view,” “opportunity,” “seek to,” or words of
similar meaning or other statements concerning opinions or judgment
of our management about future events. Although we believe that our
expectations with respect to forward-looking statements are based
upon reasonable assumptions within the bounds of our existing
knowledge of our business and operations, there can be no assurance
that our actual results, performance, or achievements will not
differ materially from any projected future results, performance or
achievements expressed or implied by such forward-looking
statements. Actual future results, performance or achievements may
differ materially from historical results or those anticipated
depending on a variety of factors, including, but not limited to,
the effects of changes in: market interest rates and their related
impacts on macroeconomic conditions, customer and client behavior;
our funding costs and our loan and securities portfolios; general
economic and financial market conditions, in the United States
generally and particularly in the markets in which we operate and
which our loans are concentrated, including the effects of declines
in real estate values; an increase in unemployment levels and
slowdowns in economic growth; and potential adverse reactions or
changes to business or employee relationships, including those
resulting from our merger and integration with American National.
Please also refer to such other factors discussed throughout Part
I, Item 1A. “Risk Factors” and Part II, Item 7. “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” of Atlantic Union Bankshares Corporation’s Annual
Report on Form 10-K for the year ended December 31, 2023, and
related disclosures in other filings, which have been filed with
the SEC and are available on the SEC’s website at www.sec.gov. All
risk factors and uncertainties described herein and therein should
be considered in evaluating forward-looking statements. The actual
results or developments anticipated may not be realized or, even if
substantially realized, they may not have the expected consequences
to or effects on us or our business or operations. Readers are
cautioned not to rely too heavily on forward-looking statements.
Forward-looking statements speak only as of the date they are made.
We do not undertake any obligation to update, revise or clarify any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240528256594/en/
Bill Cimino, Vice President and Director of Investor Relations
Bill.Cimino@AtlanticUnionBank.com, 804.448.0937
Beth Shivak, Vice President and Director of Corporate
Communications Beth.Shivak@AtlanticUnionBank.com, 804.327.5746
Atlantic Union Bankshares (NYSE:AUB)
과거 데이터 주식 차트
부터 8월(8) 2024 으로 9월(9) 2024
Atlantic Union Bankshares (NYSE:AUB)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024