Atlantic Union Bankshares Corporation is a bank holding company founded in 1900 and headquartered in Richmond, Virginia. It offers various personal and business financial services, including checking and savings accounts, credit cards, wealth management, and more.
According to reports, Atlantic Union has announced plans to acquire Sandy Spring Bancorp in an all-stock transaction valued at $1.6 billion USD to strengthen its presence in Northern Virginia and Maryland.
The report further mentions that the deal is expected to close in the third quarter of 2025 and will add more than $6.5 billion USD in assets to Atlantic’s wealth business and boost the company’s earnings per share by 23% by the end of 2026.
Sandy Spring Bancorp, Inc. is a bank holding company founded in 1868 and headquartered in Olney, Maryland, and operating in the Washington metropolitan area.
