![]() ![]() Immediately following the merger, we will have 135 branches across Virginia, North Carolina and Maryland. The transaction will also provide a meaningful entry into the attractive Piedmont Triad and Raleigh regions of North Carolina. Combining the two organizations will strengthen Atlantic Union Bank, the largest regional bank headquartered in Virginia, by deepening our presence in Southwest and Southside Virginia. Why is Atlantic Union Bank acquiring American National?Ītlantic Union Bank and American National have a rich history in the state of Virginia, share similar values and cultures, and commitment to serving customers, employees, shareholders and communities. Once merged, the assets of the combined organization will be approximately $23.7 billion, with deposits of approximately $19.1 billion and loans of approximately $17.3 billion based on financial data as of June 30, 2023. entered into a merger agreement, under which American National Bank and Trust Company will merge into Atlantic Union Bank. On July 25, 2023, we announced that Atlantic Union Bankshares Corporation and American National Bankshares Inc. Thank you for banking with Atlantic Union Bank.įrequently Asked Questions What was announced and what does it mean for Atlantic Union Bank? We look forward to serving your financial needs today and tomorrow. If you have any questions in the meantime, please feel free to call our Customer Care Center at 800.990.4828 or visit any of our branches. Īs various milestones are achieved, we’ll keep you informed on our website. We will let you know when you can begin taking advantage of our expanded footprint. ![]() It is important to note that, following the merger, the combined company will continue to use our operating systems, so there should be little to no impact to our existing customers’ accounts. For now, it is business as usual, and you should continue to do your banking as you normally would at any Atlantic Union Bank branch. We expect to close the transaction in the first quarter of 2024, subject to customary closing conditions, including receipt of regulatory approvals. While we will be expanding our network as the largest regional bank headquartered in Virginia, some things will never change – like our commitment to our customers, the communities we serve and our goal of delivering a best-in-class customer experience. This means that we will be better able to offer you the products, technology and convenience of bigger banks, but still with a local bank customer experience. Once merged, the combined company will have $23.7 billion in total assets, $19.1 billion in total deposits and $17.3 billion in gross loans, based on financial data as of June 30, 2023. Headquartered in Danville, Virginia, American National operates in Southwestern and Southside Virginia, as well as the contiguous Piedmont Triad region of North Carolina and Raleigh region of north-central North Carolina. Our parent company, Atlantic Union Bankshares Corporation, has entered into a merger agreement to acquire American National Bank & Trust Company (“American National”). I want to thank you for the opportunity to serve as your bank and make sure you saw our latest exciting news. ![]()
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