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Atlantic Union Bankshares acquires American National

Feb 27, 2025•10 months ago

Acquiring Company

Atlantic Union Bankshares

Acquired Company

American National

Glen AllenBanking

Description

Atlantic Union Bankshares Corp has successfully acquired American National, enhancing its market presence significantly. The acquisition has contributed to increased financial performance, with notable impacts on net interest income and overall deposits. This strategic move aligns with Atlantic Union's focus on expanding its operations in the southeastern United States. The company reports robust growth driven by this acquisition and other strategic initiatives.

Company Information

Company

Atlantic Union Bankshares

Location

Glen Allen, Virginia, United States

About

Atlantic Union Bank, a Top Workplace 2024, has been a trusted banking partner for our customers and local businesses since 1902. And, although we’ve grown over the years to become the largest regional bank headquartered in Virginia—offering financial strength, industry-specific expertise, sophisticated digital capabilities, and entrepreneurial innovation—we haven’t lost touch with our customer-centric approach to making banking easier and our commitment to bettering the communities in which we all live and work.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed