Atlantic Union Bank Names Maria P. Tedesco Chief Operating Officer

Rhea-AI Summary

Atlantic Union Bank announces Maria Tedesco as the new Chief Operating Officer (COO), effective immediately. Tedesco will maintain her position as President while leading various customer-centric business units, including consumer and business banking, wealth management, and technology operations. CEO John C. Asbury praised her contributions since 2018, emphasizing her customer-first approach. The unification of these units aims to enhance customer experiences and improve internal coordination amidst a changing environment.

Positive

• Maria Tedesco's promotion to COO is expected to strengthen leadership and operational efficiency.
• Tedesco's continued focus on customer-centric services aligns with strategic business goals.

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• None.

RICHMOND, Va., Jan. 18, 2022 (GLOBE NEWSWIRE) -- Atlantic Union Bank is pleased to announce that Maria Tedesco will assume the new role of Chief Operating Officer (COO), effective immediately. Tedesco will also continue to serve in her current role as President.

As President & COO, Tedesco will lead the following customer-centric business units: consumer and business banking, wholesale banking, wealth management, home loans, technology and operations, marketing, digital strategy and enterprise experience, business intelligence, and first line of defense risk.

“Since the day Maria walked through our doors as President in 2018, she has been an incredible asset,” said, John C. Asbury, CEO of Atlantic Union Bank. “Maria has delivered significant tangible and intangible results for our customers, our communities, our Teammates and our shareholders. Her customer first approach to our business will continue to serve us well as she takes on the expanded role of President & COO.”

“Additionally, uniting these business units will help us better meet our customers’ needs, enhance their experiences, improve internal coordination and respond to our constantly changing environment in an agile manner.”   

About Atlantic Union Bank
Headquartered in Richmond, Virginia, Atlantic Union Bank is the wholly owned subsidiary of Atlantic Union Bankshares Corporation (Nasdaq: AUB). Atlantic Union Bank has 130 branches and approximately 150 ATMs located throughout Virginia, and in portions of Maryland and North Carolina. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; Dixon, Hubard, Feinour & Brown, Inc., which provides investment advisory services; Atlantic Union Financial Consultants, LLC, which provides brokerage services; and Union Insurance Group, LLC, which offers various lines of insurance products.

Contact:
Beth Shivak, Senior Vice President, Head of Corporate Communications Beth.Shivak@AtlanticUnionBank.com; or
Bill Cimino, Senior Vice President, Investor Relations 804.448.0937

FAQ

Who is the new COO of Atlantic Union Bank?

Maria Tedesco has been appointed as the new Chief Operating Officer (COO) of Atlantic Union Bank.

What role will Maria Tedesco continue to hold at Atlantic Union Bank?

Maria Tedesco will also continue her role as President while serving as COO.

What is the main goal of unifying business units under COO Maria Tedesco?

The main goal is to enhance customer experiences and improve internal coordination.

When was Maria Tedesco appointed as COO of Atlantic Union Bank?

Maria Tedesco was appointed as COO effective immediately on January 18, 2022.

What business units will Maria Tedesco oversee as COO?

She will oversee consumer and business banking, wholesale banking, wealth management, and more.