Welcome to our dedicated page for Atlantic Union Bankshares Corporation news (Ticker: AUB), a resource for investors and traders seeking the latest updates and insights on Atlantic Union Bankshares Corporation stock.
Atlantic Union Bankshares Corporation (NASDAQ: AUB), headquartered in Richmond, Virginia, is a financial holding company that operates through its main subsidiary, Atlantic Union Bank. The bank offers a comprehensive range of financial services to both commercial and retail clients, making it a full-service community bank.
Atlantic Union Bank is the largest community banking institution in the Commonwealth of Virginia, extending its presence through 114 branches and approximately 130 ATMs located throughout Virginia, and parts of Maryland and North Carolina. The bank's non-bank affiliates include Atlantic Union Equipment Finance, Inc., which provides equipment financing; Atlantic Union Financial Consultants, LLC, which offers brokerage services; and Union Insurance Group, LLC, providing various insurance products.
The company's core business segments include Wholesale Banking and Consumer Banking. Services offered range from traditional banking products like checking, savings, and certificates of deposit to more specialized services such as loans for commercial, industrial, residential mortgage, and consumer purposes. Additionally, Atlantic Union Bank provides trust and wealth management services, enhancing its portfolio of financial offerings.
Recently, Atlantic Union Bank enhanced its commitment to the clean energy sector by partnering with SolaREIT™, a renewable energy real estate investment company. The bank closed a $30 million revolving credit facility with SolaREIT™, marking their second partnership aimed at providing financing solutions to solar and battery energy storage developers. This initiative underscores Atlantic Union Bank's dedication to supporting sustainable projects and providing flexible financial solutions to meet evolving industry needs.
Financially, Atlantic Union Bankshares Corporation is well-positioned with strong liquidity and a solid capital base. The company's strategic initiatives and partnerships reflect its ongoing commitment to growth and service excellence in the financial sector.
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