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Atlantic Union Bankshares acquires American National Bankshares

PUBLIC · AUBMay 07, 2025

Acquiring Company

Atlantic Union Bankshares

Acquired Company

American National Bankshares

Glen AllenDanvilleFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBanking

Description

Atlantic Union Bankshares Corp has acquired American National Bankshares Inc., expanding its footprint in central and western Virginia and into southern Virginia and North Carolina. This strategic move enhances Atlantic Union's market presence and customer base. The acquisition aligns with the company's growth strategy, focusing on community-oriented banking services. Financial performance remains strong, indicating successful integration of this new entity.

Quick answer

Atlantic Union Bankshares is acquiring American National Bankshares, announced May 7, 2025. Atlantic Union Bankshares is based in Glen Allen, Virginia, United States.

How much did Atlantic Union Bankshares pay for American National Bankshares?
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 American National Bankshares based?
Atlantic Union Bankshares is based in Glen Allen, Virginia, United States. American National Bankshares is based in Danville, Virginia, United States.

Source: Fundz verified event record.

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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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Frequently asked

Who acquired American National Bankshares?

American National Bankshares was acquired by Atlantic Union Bankshares, based in Glen Allen. The deal was reported on May 7, 2025. 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 American National Bankshares?

Atlantic Union Bankshares's acquisition of American National Bankshares was reported on May 7, 2025. Atlantic Union Bankshares Corp has acquired American National Bankshares Inc., expanding its footprint in central and western Virginia and into southern Virginia and North Carolina. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does American National Bankshares do?

American National is a multi-state bank holding company with total assets of approximately $3.1 billion. Headquartered in Danville, Virginia, American National is the parent company of American National Bank and Trust Company. It is privately held, operating in Financial Services, and is based in Danville.

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