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Stock impact report

Atlantic Union strikes $1.6 billion deal to acquire Sandy Spring Bancorp [Yahoo! Finance]

Atlantic Union Bankshares Corporation (AUB) 
Last atlantic union bankshares corporation earnings: 4/28 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Atlantic Union Bankshares' planned acquisition of Olney, Maryland-based Sandy Spring Bancorp will create an "enormously powerful franchise" that will rank as the No. 1 regional bank in both Virginia and Maryland, Atlantic Union CEO John Asbury said. Asbury, Atlantic Union's CEO since 2016, began his banking career at the Richmond-based Crestar Financial, prior to its acquisition by SunTrust in 1999. Crestar was Virginia's largest bank and maintained a substantial profile in Maryland. Atlantic Union will be bigger and better, Asbury said Monday during a conference call with analysts. "To my knowledge, this has never been done before, and I do not believe it can be done again," he said. "This is an enormously powerful franchise." The merged company's footprint would stretch from Baltimore through Washington, D.C, to Richmond and Hampton Roads, a region Asbury has termed the "golden crescent." "Atlantic Union will create a preeminent regional bank, with Virginia as its linchpin, t Show less Read more
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