Atlantic Union Bankshares to merge with Sandy Spring Bancorp aiming to create the largest regional bank in the Mid-Atlantic region
Acquiring Company
Atlantic Union Bankshares
Acquired Company
Sandy Spring Bancorp
Glen AllenMarylandFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
Atlantic Union Bankshares Corporation reported solid financial results for Q3 2024 and announced a strategic merger with Sandy Spring Bancorp to form the largest regional bank in the Mid-Atlantic region with combined assets of $39 billion. The merger is projected to close by Q3 2025, with a focus on enhancing shareholder value, service capabilities, and community support initiatives.
Quick answer
Atlantic Union Bankshares is acquiring Sandy Spring Bancorp, announced October 21, 2024. Atlantic Union Bankshares is based in Glen Allen, Virginia, United States.
- How much did Atlantic Union Bankshares pay for Sandy Spring Bancorp?
- The deal value was not disclosed.
- What does Atlantic Union Bankshares do?
- Atlantic Union Bank, a Top Workplace 2024, has been a trusted banking partner for our customers and local businesses since 1902.
- Where are Atlantic Union Bankshares and Sandy Spring Bancorp based?
- Atlantic Union Bankshares is based in Glen Allen, Virginia, United States. Sandy Spring Bancorp is based in Maryland, United States.
Source: Fundz verified event record.
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Who to call at Atlantic Union Bankshares, and when
When Atlantic Union Bankshares changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Atlantic Union Bankshares raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Atlantic Union Bankshares, from your own LinkedIn network
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Frequently asked
Who acquired Sandy Spring Bancorp?
Sandy Spring Bancorp was acquired by Atlantic Union Bankshares, based in Glen Allen. The deal was reported on October 21, 2024. Atlantic Union Bank, a Top Workplace 2024, has been a trusted banking partner for our customers and local businesses since 1902. Atlantic Union Bankshares is publicly traded (AUB) and operates in Financial Services.
When did Atlantic Union Bankshares acquire Sandy Spring Bancorp?
Atlantic Union Bankshares's acquisition of Sandy Spring Bancorp was reported on October 21, 2024. Atlantic Union Bankshares Corporation reported solid financial results for Q3 2024 and announced a strategic merger with Sandy Spring Bancorp to form the largest regional bank in the Mid-Atlantic region with combined assets of $39 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Sandy Spring Bancorp do?
Sandy Spring Bancorp is a regional bank with a long history, providing a range of financial services to individuals and businesses. It is privately held, operating in Financial Services, and is based in Maryland.
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