Atlantic Union Bank Helps 10,000 Small Businesses Receive $1.7 Billion Through the SBA Paycheck Protection Program
Atlantic Union Bankshares Corporation (AUB)
Last atlantic union bankshares corporation earnings: 4/28 07:30 am
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Source: GlobeNewswire
RICHMOND, Va., April 30, 2020 (GLOBE NEWSWIRE) -- Atlantic Union Bank today announced that it has successfully received Small Business Administration (SBA) approval for more than 10,000 loans totaling over $1.7 billion through the Paycheck Protection Program (PPP). The Bank reports that approximately 80 percent of the clients to whom it has originated PPP loans operate businesses with less than 20 employees, with the median size for all loans made being approximately $45,000. The Bank plans to continue processing loans for current and new customers until the current round of PPP funding is depleted. “Since the SBA PPP was announced, we have kept our customers and our communities at the center of all our decisions related to the program. We continued to accept loan applications after the first round of funding closed, we continued to perfect our technology and processes, and we invited new customer applications,” said John Asbury, CEO and President of Atlantic Union Bankshares. “Our
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AUB
News
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- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates B, SMAR, AUB on Behalf of ShareholdersPR Newswire
- Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock DividendBusiness Wire
AUB
Earnings
- 10/21/24 - Miss
AUB
Sec Filings
- 12/18/24 - Form EFFECT
- 12/17/24 - Form 424B3
- 12/13/24 - Form S-4/A
- AUB's page on the SEC website