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Atlantic Union Bankshares
Atlantic Union Bankshares

-4.13%

Financial services / Banking and Financial Services

At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
Atlantic Union Bankshares is a financial services company that provides banking and financial solutions to individuals, businesses, and communities in Virginia, North Carolina, and Maryland. The company was founded in 1902 as the Bank of Lancaster and has since grown through mergers and acquisitions to become one of the largest regional banks in the Mid-Atlantic region.
Atlantic Union Bankshares offers a wide range of services, including personal and business banking, wealth management, mortgage and lending services, and insurance solutions. The company is committed to providing excellent customer service and innovative financial solutions to help clients achieve their financial goals.
In addition to its services, Atlantic Union Bankshares is also dedicated to supporting the communities it serves through charitable giving and volunteerism. The company has a strong commitment to social responsibility and strives to make a positive impact in the areas of education, economic empowerment, and environmental sustainability.
With over 170 branches and approximately 2,500 employees, Atlantic Union Bankshares continues to grow and expand its services to better serve its customers and communities. The company's headquarters are located in Richmond, Virginia.
What is special about the company?
1. Strong Regional Presence: Atlantic Union Bankshares has a significant presence in the Mid-Atlantic region of the United States, with operations in Virginia, North Carolina, and Maryland. This allows the company to cater to the unique needs of customers in the local market.
2. Long History: The company has a long and rich history, dating back to 1902 when its predecessor, Bank of Lancaster, was established. This long-standing presence in the community has helped build trust and credibility among customers.
3. Diverse Product Offerings: Atlantic Union Bankshares offers a wide range of financial products and services, including personal and business banking, investment and wealth management, and mortgage services. This allows the company to cater to the diverse needs of its customers.
4. Customer-Focused Approach: The company puts a strong emphasis on customer service and satisfaction. It has been consistently recognized for its excellent customer service, and it is committed to building lasting relationships with its clients.
5. Technologically Advanced: Atlantic Union Bankshares has embraced technology in its operations, offering online and mobile banking services to its customers. The company also continuously invests in new technology to enhance its services and improve customer experience.
6. Strong Financial Performance: Atlantic Union Bankshares has a solid financial track record, with a strong capital base, stable earnings, and consistent growth. This demonstrates its stability and ability to weather economic challenges.
7. Community Involvement: The company is committed to giving back to the communities it serves through various philanthropic efforts. It has a dedicated Community Foundation that supports local non-profit organizations and community development initiatives.
8. Strong Corporate Governance: Atlantic Union Bankshares has a well-structured corporate governance framework, ensuring transparency and accountability in its operations. This further strengthens trust and confidence among its stakeholders.
9. Award-Winning: The company has received numerous awards and accolades over the years for its financial performance, customer service, and corporate social responsibility. This recognition further reflects the company's commitment to excellence.
10. Strategic Growth: Atlantic Union Bankshares has a strong growth strategy in place, with a focus on organic growth, strategic partnerships, and targeted acquisitions. This allows the company to expand its footprint and better serve its customers.
What the company's business model?
The Atlantic Union Bankshares company's business model is a regional banking and financial services model. They focus on providing traditional banking services such as consumer and commercial banking, mortgage lending, wealth management, and investment services in the mid-Atlantic region of the United States. They primarily target small and medium-sized businesses and individuals in their local communities and aim to build long-term, personalized relationships with their customers. They also offer innovative technology solutions to enhance the customer experience and improve efficiency. The company's growth strategy includes expanding its footprint through mergers and acquisitions and investing in new technologies to meet the changing demands of the market.
Interesting facts about the company
1. Atlantic Union Bankshares is a financial holding company that was founded in 1902 under the name Farmers and Merchants Bank.
2. The company is based in Richmond, Virginia and operates under the brand name Atlantic Union Bank.
3. Atlantic Union Bank has a strong presence in the Mid-Atlantic region, with over 140 branches and 175 ATMs in Virginia, Maryland, and North Carolina.
4. In 2019, Atlantic Union Bankshares was named a World’s Best Bank by Forbes magazine, ranking 41st out of 60 banks on the list.
5. The company has over $17 billion in assets and is one of the largest community banks in the country.
6. Atlantic Union Bankshares is known for its commitment to community involvement and charitable giving. In 2019, the company donated over $2.3 million to various organizations and causes.
7. The company also has a reputation for strong financial performance, with consistent year-over-year growth in earnings and total assets.
8. Atlantic Union Bankshares is a publicly traded company, listed on the NASDAQ stock exchange under the ticker symbol AUB.
9. The bank has a four-star rating from BauerFinancial, a respected independent bank rating firm.
10. In 2020, Atlantic Union Bankshares announced its acquisition of Shore Bancshares, Inc., expanding its presence in Maryland’s Eastern Shore region.
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