Company Overview

Atlantic Union Bankshares Corporation (AUB) is a bank holding company headquartered in Richmond, Virginia, operating primarily in the U.S. regional banking and financial services industry. The company provides a broad range of commercial and consumer banking services through its principal subsidiary, Atlantic Union Bank, serving individuals, small to mid-sized businesses, and commercial clients. Its core offerings include deposit products, commercial and industrial loans, commercial real estate lending, consumer lending, treasury management, and wealth management services.

The company traces its roots back to 1902 and has evolved through organic growth and acquisitions into one of the largest regional banking institutions headquartered in Virginia. AUB has positioned itself as a relationship-driven regional bank with a strong focus on community banking, credit discipline, and local market expertise. Its strategic advantage lies in its dense branch network in high-growth Mid-Atlantic markets and a diversified loan portfolio with a meaningful commercial banking focus.

Business Operations

Atlantic Union Bankshares Corporation generates revenue primarily through Net Interest Income from lending activities and Noninterest Income from service fees, wealth management, and capital markets-related services. Its operations are organized around core banking functions rather than highly segmented reporting units, with key business activities conducted through Atlantic Union Bank and its nonbank subsidiaries, including Atlantic Union Wealth Management and Union Insurance Group, LLC.

The company operates predominantly in domestic U.S. markets, with no material international banking operations. It controls proprietary digital banking platforms, branch-based delivery channels, and centralized credit and risk management systems. AUB has expanded its commercial banking and middle-market capabilities through selective acquisitions and talent investment, while maintaining a strong base in traditional community banking services.

Strategic Position & Investments

AUB’s strategic direction emphasizes disciplined balance sheet growth, expansion in higher-growth metropolitan markets, and deeper penetration of commercial and treasury management services. Growth initiatives have included targeted acquisitions to expand geographic reach and scale, notably the acquisition of American National Bankshares Inc., which significantly increased AUB’s footprint in Virginia and North Carolina.

The company continues to invest in technology modernization, digital banking capabilities, and data-driven credit and risk management. Strategic priorities also include organic loan growth, deposit franchise expansion, and cross-selling of wealth management and insurance products through its existing customer base. AUB does not operate as a diversified holding company with external portfolio investments, but rather focuses capital deployment within regulated banking and closely related financial services.

Geographic Footprint

Atlantic Union Bankshares Corporation operates primarily across the Mid-Atlantic and Southeastern United States, with a strong presence in Virginia, Maryland, and North Carolina. Its headquarters are located in Richmond, Virginia, and its branch network is concentrated in major metropolitan areas such as Richmond, Norfolk/Hampton Roads, Northern Virginia, Charlottesville, Raleigh, and Durham.

The company’s geographic strategy emphasizes contiguous market expansion within demographically attractive and economically resilient regions. AUB does not maintain international branches or foreign banking subsidiaries, and its operational influence is largely domestic, aligned with U.S. regulatory and economic conditions.

Leadership & Governance

Atlantic Union Bankshares Corporation is led by an experienced executive team with deep regional banking expertise and a governance framework aligned with U.S. public company and banking regulatory standards. Leadership emphasizes prudent risk management, community engagement, and long-term shareholder value creation.

Key executives include:

• Ronald D. Smith – President and Chief Executive Officer
• Robert M. Gorman – Executive Vice President and Chief Financial Officer
• Brad E. Schwartz – Executive Vice President and Chief Retail Banking Officer
• Daniel J. McHugh – Executive Vice President and Chief Commercial Banking Officer
• Kimberly J. O’Brien – Executive Vice President and Chief Human Resources Officer

The company’s leadership philosophy centers on relationship banking, disciplined growth, and maintaining a strong corporate culture rooted in accountability and community-focused service.