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Atlantic Union Bankshares Corporation to Acquire Sandy Spring Bancorp

Oct 21, 2024over 1 year ago

Contract Type

agreement

Glen AllenFinancial ServicesFinanceLendingBanking

Description

Atlantic Union Bankshares Corporation and Sandy Spring Bancorp have entered into a definitive merger agreement for Atlantic Union to acquire Sandy Spring in an all-stock transaction valued at approximately $1.6 billion. The combined company will create the largest regional bank headquartered in the lower Mid-Atlantic and significantly enhance the combined company’s presence in Northern Virginia and Maryland.

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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