Atlantic Union Bank

What Atlantic Union Bank does

Atlantic Union Bank is a regional commercial bank headquartered in Richmond, Virginia, with operating roots dating to 1902. Following the late-2025 completion of its $1.6 billion acquisition of Sandy Spring Bancorp, the bank became the largest regional bank by depository market share in both Virginia and Maryland, holding $37.6 billion in total assets as of Q4 2025 and serving more than 800,000 customers across Virginia, Maryland, North Carolina, and Washington D.C. The bank operates an integrated financial services platform spanning consumer banking (checking, savings, mortgages, home equity, credit cards), small-to-medium business banking, commercial and industrial lending (including government contractor finance, asset-based lending, and capital markets), commercial real estate, treasury management, and wealth management through Atlantic Union Financial Consultants.

The bank monetizes primarily through net interest income on its loan portfolio (commercial real estate, residential mortgages, commercial and industrial, consumer loans) supplemented by fee-based non-interest income from deposit accounts, loan origination, wealth management, treasury management, and mortgage banking. Distribution combines a multi-state physical branch network with online and mobile banking platforms (iPhone and Android app supporting Apple Pay, Google Pay, Samsung Pay, and Zelle), business online banking with Positive Pay fraud protection, and fintech partnerships including Spiral (Savings/Giving Center), Greenlight (youth financial literacy), and Banzai (financial wellness). The go-to-market model is hybrid: community banking relationships for consumer and SMB segments combined with dedicated commercial relationship managers and industry specialists serving middle-market, government contractor, healthcare, and CRE clients.

The current strategic agenda emphasizes scale-driven growth through M&A and organic de novo branching. The Sandy Spring integration reached core systems conversion in Q4 2025, the company is executing a 10-branch North Carolina expansion over three years, and management is rotating the leadership team with Alexander D. Dodd joining as CFO (effective April 13, 2026) from TD Bank Group. Capital return has accelerated alongside earnings, with Q4 2025 net income of $111.97 million (up 21.5% YoY), an 8.8% quarterly dividend hike to $0.37 per share, and a $250 million share repurchase authorization.

Name

Atlantic Union Bank

Legal name

Atlantic Union Bankshares Corporation

Website

https://atlanticunionbank.com

Company type

Public

Founded year

1902

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Atlantic Union Bank is a Richmond, Virginia-based regional commercial bank with $37.6 billion in assets serving consumers, businesses, and government contractors across Virginia, Maryland, North Carolina, and Washington D.C., and is the #1 regional bank by deposits in Virginia and Maryland.

Ownership category

akta.pro rank

Product category

Regional Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), State Commercial Banks (6022), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE), Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Retail banking services
• Commercial lending products
• Wealth management services
• Treasury management solutions
• Mortgage lending services

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Net Interest Income: Interest earned on loan portfolio including commercial real estate, residential mortgages, commercial and industrial loans, and consumer loans offset by interest paid on deposits
2. Non-Interest Income: Fee income from deposit accounts, loan origination fees, wealth management services, treasury management fees, and mortgage banking revenue
3. Deposit Growth Services: Low-cost deposit gathering through digital tools and community banking relationships supporting net interest margin

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Atlantic Union Bank provides a comprehensive suite of consumer and commercial banking products including checking accounts, savings accounts, CDs, money market accounts, IRAs, HSAs, mortgages, home equity loans, and credit cards for individuals; and business checking, commercial lending, SBA loans, treasury management, merchant services, asset-based lending, capital markets, and government contracting financing for businesses. The bank also delivers wealth management and trust services through Atlantic Union Financial Consultants. Products are distributed through 88+ physical branches and digital channels (mobile app, online banking) across Virginia, Maryland, North Carolina, and Washington DC.

Product overview

Atlantic Union Bank offers a comprehensive regional banking platform providing consumer, business, commercial, and wealth management services. The core product portfolio spans personal banking (checking, savings, CDs, money market, IRAs, HSAs, mortgages, home equity, auto loans, credit cards), digital banking (online, mobile app with Apple Pay/Google Pay/Samsung Pay, Zelle, mobile deposit), business banking (Flex Business Checking, business lending, merchant services), commercial banking (asset-based lending, capital markets, government contracting, specialty industry expertise), treasury management (fraud prevention, receivables, payables), and wealth management. Strategic fintech partnerships with Spiral enable enhanced savings tools while Banzai provides integrated financial education resources.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Range of personal checking accounts including Free Checking with no monthly fees, Loyalty Checking, Preferred Checking, ThankU Checking for military/educators/healthcare/first responders, and PRISM Checking (Bank On certified low-cost account). For individual consumers seeking everyday banking.
• Personal Savings Accounts Savings products for personal customers including Personal Savings, Deluxe Savings Club, and the Round-Up Savings feature that automatically transfers rounded-up debit card amounts into savings.
• Certificates of Deposit (CDs) Fixed-rate certificates of deposit offering guaranteed returns with various term lengths for personal and business customers.
• Money Market Accounts Interest-bearing money market accounts for personal and business customers providing limited check-writing privileges with competitive rates, including HOA and Nonprofit variants.
• Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings accounts including Traditional and Roth IRA options for individual savers planning for retirement.
• Health Savings Accounts (HSAs) Tax-advantaged accounts for individuals with high-deductible health plans to pay for qualified medical expenses.
• Mortgage Products Comprehensive mortgage lending including FHA loans, USDA loans, VA loans, fixed-rate mortgages, adjustable rate mortgages, construction loans, and affordable lending programs. Available in 39 states for homebuyers and homeowners.
• Home Equity Line of Credit Revolving credit lines secured by home equity, including the STAR Home Equity Line of Credit variant, allowing homeowners to access funds for various needs.
• STAR Affordable Homeownership Program Affordable homeownership program helping families achieve homeownership or home improvement goals through down payment assistance and specialized loan products. Helped 334 families in 2025.
• Credit Cards Personal and business credit card products with various reward structures and benefits for individual and business customers.
• Mobile Banking App Free mobile application for iPhone and Android devices enabling account access, bill payment, money transfers, mobile check deposit via OCR, and ATM/branch location finding. Supports Apple Pay, Google Pay, Samsung Pay, and Zelle.
• Online Banking Digital banking platform providing account access, bill pay, money movement, and account management through web browser.
• Spiral Savings and Giving Platform Fintech partnership-enabled Savings Center and Giving Center platform that enables automatic savings through everyday purchases and round-up features, plus charitable donation capabilities for bank customers across Virginia, North Carolina, Maryland, and Washington DC.
• Flex Business Checking Business checking accounts with flexible features including Flex Business Checking and Flex Business Checking Plus variants for small and medium businesses.
• Business Lending Commercial loan products for businesses including Term Loans, Lines of Credit, SBA government program loans, and Women & Minority Owned Business financing.
• Commercial Real Estate Loans Financing for commercial property acquisition, development, and refinancing for business customers and real estate developers.
• Merchant Services Payment processing and point-of-sale solutions for business customers to accept card transactions.
• Asset-Based Lending Commercial lending secured by collateral such as inventory, receivables, and equipment for businesses with significant assets.
• Capital Markets Financial services including Interest Rate Derivatives, Loan Syndications, Foreign Exchange Services, and Public Finance for middle market and larger commercial clients.
• Government Contracting Services Specialized banking services for government contractors including capital alternatives and growth strategy advisory for aerospace, defense, and federal services contractors.
• Treasury Management Cash management services for businesses including Receivables (ACH, Lockbox, Merchant Services, Remote Deposit Capture, Cash Vault), Payables, Fraud Prevention (Check Payee Positive Pay, ACH filters/blocks), and Money Management solutions.
• Wealth Management Comprehensive wealth services through Atlantic Union Financial Consultants including Investments (Asset Allocation, Asset Management, Retirement Planning, Education Planning, Insurance & Risk Management), Wealth Banking, Estates and Trusts, and Business Financial Planning for high net worth individuals and families.

Quantifiable outcome

• 334 families achieved homeownership or home improvement through STAR program
• +3 more outcomes

Named customers7 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability3 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• SpiralcoreTechnology or Integration · 16 June 2026Atlantic Union Bank partnered with Spiral to offer Savings Center and Giving Center platform to bank customers across Virginia, North Carolina, Maryland, and Washington DC. The platform enables automatic savings through everyday purchases and round-up features while also allowing charitable donations. Partnership aims to grow deposits at low cost while delivering personalized digital banking experiences.
• Armada HofflerminorOthers · 30 October 2025Atlantic Union Bank signed full-floor lease for approximately 12,000 square feet at One Columbus Center in Virginia Beach, filling space at favorable lease terms.
• Better Housing CoalitioncoreStrategic or Co-development Partner · 12 November 2024Atlantic Union Bank is dedicated financing partner for Better Housing Coalition affordable housing projects including Winchester Forest multi-family development. Partnership expands access to affordable housing in Chesterfield County, Virginia.
• Tech for TroopscoreStrategic or Co-development PartnerAtlantic Union Bank partnership with Tech for Troops includes technology donations valued at $475,000+ and $10,000 grant supporting veteran workforce development. Partnership diverts e-waste from landfills while empowering under-resourced veterans with digital skills.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• WesBanco, Inc. WesBanco is a Mid-Atlantic regional bank with similar asset size (~$15-20B), community banking model, and growing North Carolina presence. Both banks focus on consumer, commercial, and wealth management with relationship-based approach, making them directly comparable in scale, business mix, and growth strategy.
• Pinnacle Financial Partners: Pinnacle Financial is a Tennessee-based regional bank with rapidly expanding Mid-Atlantic presence and a similar relationship-based commercial banking model. Both banks target middle market and commercial clients with industry-specialized expertise, and both pursue a community banking approach combining physical branches with digital capabilities.
• Fulton Financial Corporation: Fulton Financial is a Mid-Atlantic regional bank with branch overlap in Virginia, Maryland, and Pennsylvania, and a similar mix of consumer, business, and commercial banking. Both banks have similar asset size, community banking orientation, and compete directly for the same SMB and consumer deposit customers in their shared geographic footprint.
• M&T Bank Corporation: M&T Bank is a Mid-Atlantic regional bank with strong overlap in Maryland, Virginia, and the DC metro. Both banks operate community banking models with commercial banking expertise, and M&T has been a syndication partner with Atlantic Union on credit facilities (Solar Landscape $125M), positioning them as direct competitors in middle market lending.
• Eagle Bancorp, Inc. Eagle Bancorp is a DC metro-focused commercial bank with overlap in Maryland, Virginia, and Washington DC. Both banks serve similar commercial and government contractor clients, and EagleBank has partnered with Atlantic Union on the SolaREIT credit facility, positioning them as direct competitors in commercial lending.
• First Citizens BancShares: First Citizens is a Mid-Atlantic and Southeast regional bank with similar acquisition-driven growth strategy and overlap in Virginia, North Carolina, and Maryland. Both banks compete for the same SMB, middle market, and commercial real estate clients, making it one of the closest direct comparables in scale, business mix, and growth profile.
• United Bankshares, Inc. United Bankshares is a Mid-Atlantic regional bank with strong Virginia and DC metro presence, similar asset size, and overlapping business lines. Both banks compete for the same commercial, consumer, and wealth management clients and have similar acquisition-driven growth strategies in the region.

Broad incumbents

• Truist Financial Corporation: Truist is a top-10 U.S. commercial bank with deep Mid-Atlantic and Southeast franchise overlap with Atlantic Union, especially in Virginia, North Carolina, and the Carolinas. It competes directly in retail deposits, commercial banking, and wealth management but at much larger scale ($500B+ in assets), making it the dominant incumbent Atlantic Union must defend against.
• JPMorgan Chase Bank (commercial banking division): JPMorgan Chase's commercial and middle market banking division competes for the same government contractor, middle market, and large commercial clients in the DC metro region (Atlantic Union hired JPMorgan's SVP Will Napper who built the national Aerospace, Defense & Government Services practice). The scale and product breadth of JPMorgan represents the upper bound of competitive pressure on Atlantic Union's commercial franchise.

Regional players

• Burke & Herbert Financial Services: Burke & Herbert Bank is a Virginia-based community bank with similar community banking heritage dating to 1852 and direct branch overlap in Northern Virginia. Both banks compete for the same consumer and SMB clients in Virginia, with similar relationship-based banking approach but at a smaller scale.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/atlantic_union
• Facebookfacebook.com/AtlanticUnionBank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Atlantic Union Bank