Xenith Bank

What Xenith Bank does

Atlantic Union Bank is a regional commercial bank headquartered in Richmond, Virginia, operating 178 branches across Virginia, Maryland, North Carolina, and Washington D.C. as of December 31, 2025, with $37.6 billion in assets, $27.8 billion in loans, and $30.5 billion in deposits. The bank is a subsidiary of Atlantic Union Bankshares Corporation, a publicly traded holding company on the NYSE under ticker AUB with a market capitalization of $5.7 billion as of January 21, 2026. Its roots trace back to 1902, and it employs 3,001 full-time teammates as of December 2025.

The bank's core offerings span four segments: Personal Banking (checking, savings, mortgages, personal loans, credit cards including PRISM Bank On-certified and ThankU Checking), Business Banking (Flex Business Checking, SBA 7(a)/504/Express lending, merchant services), Commercial Banking (asset-based lending, equipment finance via subsidiary Atlantic Union Equipment Finance Inc., capital markets, healthcare lending, government contracting, treasury management), and Wealth Management through Atlantic Union Financial Consultants LLC. The bank serves consumers, small businesses, mid-market commercial clients, government contractors, healthcare providers, nonprofits, and high-net-worth individuals, with deep community reinvestment activity including $269 million in community development loans across 40 projects in 2025 and top SBA 7(a) lender status for Virginia-headquartered banks.

Atlantic Union Bank generates revenue primarily through net interest income on its loan and deposit portfolio, supplemented by mortgage banking transaction fees, treasury management fees, credit card interchange, deposit account fees, and wealth management fees. The bank distributes through physical branches, a mobile banking app on iOS and Android with Apple Pay/Google Pay/Samsung Pay/Zelle integration, online banking with SavvyMoney credit monitoring and Quicken/QuickBooks integration, telephone banking, video account opening, and its Solutions Banking workplace channel deployed across 377 employer sites in 2025. Its value proposition rests on 124 years of operating heritage, the largest regional bank by deposits headquartered in Virginia, and differentiated community development programs such as STAR (homeownership), PRISM (financial inclusion), and the Banzai financial education platform reaching 42,000+ students.

Name

Xenith Bank

Legal name

Atlantic Union Bank

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 publicly traded regional bank (NYSE: AUB) headquartered in Richmond, Virginia, operating 178 branches across Virginia, Maryland, North Carolina, and Washington D.C. with $37.6 billion in assets, offering consumer, small business, commercial, government contractor, and wealth management banking services to retail and institutional customers.

Ownership category

akta.pro rank

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Interest income from loan portfolio including commercial loans, residential mortgages, consumer loans, and interest-bearing deposits. Interest expense paid on deposits and borrowings
2. Mortgage Banking: Revenue from mortgage originations including purchase mortgages and refinances, with various loan programs (FHA, VA, USDA, conventional, and specialty programs like STAR Portfolio and Medical Professionals Home Loan)
3. Deposit and Account Fees: Monthly maintenance fees, overdraft fees, and other account-related service charges. Some accounts offer no monthly fees (Free Checking), while others have tiered pricing
4. Credit Card Revenue: Interchange fees from credit card transactions, annual fees on certain cards, and late payment fees
5. Treasury Management Fees: Fees for commercial services including receivables management (ACH, lockbox, merchant services, remote deposit capture), payables, fraud prevention tools, and escrow management
6. Wealth Management: Asset management fees, financial planning fees, and brokerage services through Atlantic Union Financial Consultants LLC

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels7 records

Core offering

Atlantic Union Bank is a full-service regional bank operating 178 branches across Virginia, Maryland, North Carolina, and Washington D.C. The bank provides personal banking (checking, savings, mortgages, credit cards), business banking (SBA lending, merchant services, treasury management), commercial lending (asset-based, equipment, government contracting, healthcare, real estate), and wealth management through its subsidiary Atlantic Union Financial Consultants LLC. Core revenue is generated from net interest income on loans and deposits, fee-based treasury management services, mortgage origination, and wealth management advisory fees.

Product overview

Atlantic Union Bank is a full-service regional bank offering a unified, multi-channel banking platform organized across four main segments: Personal Banking, Business Banking, Commercial/Corporate Banking, and Wealth Management. The Personal Banking segment provides checking and savings accounts (including Bank On-certified PRISM Checking and ThankU Checking for specific professions), mortgages and home lending (FHA, VA, USDA, STAR portfolio programs), personal loans, credit cards, and a digital banking platform with mobile apps, Apple Pay/Google Pay/Samsung Pay, Zelle, and mobile check deposit. Business Banking includes Flex Business Checking accounts, SBA lending, merchant services, and business online/mobile banking with Quicken and QuickBooks integration. Commercial Banking covers industry-specific lending (Asset-Based Lending, Equipment Financing, Government Contracting, Healthcare, Manufacturing, Real Estate), Treasury Management services (ACH, lockbox, remote deposit capture, Positive Pay fraud protection, dual control), and Capital Markets products. Wealth Management is provided through Atlantic Union Financial Consultants (AufC) and includes investments, asset management, retirement and estate planning, and business financial planning. Supporting offerings include the Banzai financial education platform, Greenlight for kids, Solutions Banking workplace wellness, Community Lending Specialists, Mortgage Assistance Center, and the Enterprise Internship and Future Impact Makers programs.

Differentiator

Problem solved

Functional benefit

Brands

• STAR (Steps Toward Achieving Results): Homeownership assistance program designed to make owning a home an affordable reality, helping 334 families in 2025
• PRISM Checking/Savings
• Thank U Checking
• BRIDGE Council
• Green Vibes
• EMerge Program
• ELAP
• Solutions Banking

Products and services

• Personal Checking Accounts Range of personal checking accounts including Free Checking, Loyalty Checking, Preferred Checking, ThankU Checking (for military, educators, healthcare professionals, first responders), and PRISM Checking (Bank On certified, low-cost). Serves retail consumers across Virginia, Maryland, North Carolina, and Washington D.C.
• Personal Savings and Certificates of Deposit Personal savings products including Personal Savings, Deluxe Savings Club, Money Market Accounts, Certificates of Deposit (CDs), Individual Retirement Accounts (IRAs), and Health Savings Accounts (HSAs) for retail consumers.
• Mortgage and Home Lending Comprehensive mortgage products including FHA Loans, USDA Home Loans, VA Loans, Fixed Rate Mortgages, Adjustable Rate Mortgages, Home Construction Loans, Community Heroes Grant, Closing the Gap Loan, Lock-and-Shop Program, Market Match Loan, Virginia Housing (VHDA) programs, Home Equity Lines of Credit, and STAR Home Equity Line of Credit for personal banking customers.
• Personal Lending Auto loans, personal loans and lines of credit, and land and lot loans for personal banking customers.
• Credit Cards Personal and business credit cards offered to consumers and commercial customers, generating interchange fees, annual fees, and late payment fees.
• Online and Mobile Banking Digital banking platform covering online banking, mobile banking app (iPhone and Android), mobile check deposit, digital payments (Apple Pay, Google Pay, Samsung Pay, Zelle), online bill pay, money movement, and SavvyMoney credit monitoring for retail and business customers.
• Business Checking Accounts Business checking accounts including Flex Business Checking and Flex Business Checking Plus for small to mid-sized businesses.
• Business Lending Business credit facilities including Term Loans, Lines of Credit, SBA Government Program Loans (7a, 504, Express), Women & Minority Owned Business lending, and Commercial Real Estate Loans for small businesses and mid-market companies.
• Merchant Services Payment processing services for business clients, available through both Business Banking and Commercial Treasury Management, supporting card-based payment acceptance.
• Treasury Management Commercial treasury management platform covering receivables (ACH collections, lockbox services, remote deposit capture, cash vault services), payables, fraud prevention tools (Check Payee Positive Pay, ACH filters/blocks, dual control), money management, and escrow management accounts for commercial clients.
• Commercial Industry Expertise Specialized lending and financial solutions across multiple industry verticals including Asset-Based Lending, Capital Markets (interest rate derivatives, loan syndications, foreign exchange, public finance), Community Associations & Property Management, Equipment Financing, Government Contracting, Governmental Leasing, Healthcare Services, Manufacturing & Distribution, Nonprofits, Professional & Support Services, Real Estate & Construction, Veterinary Services, and Specialty Vehicle Financing.
• Wealth Management Comprehensive wealth management services including investments and asset management through Atlantic Union Financial Consultants (AufC), wealth banking, estate and trust services, financial planning, business financial planning, and institutional wealth services for high net worth individuals and families.
• STAR Homeownership Program Affordable homeownership assistance program designed to make home ownership accessible for underserved communities and first-time homebuyers, including STAR Portfolio Loan Program and STAR Home Equity Line of Credit. Helped 334 families in 2025.
• Solutions Banking Workplace Program Employer-sponsored financial wellness program providing employees with banking rewards, tailored financial education seminars, webinars, one-to-one consultations, and access to the Banzai on-demand financial education platform as a no-cost component of employee benefits. Reached 377 companies and 1,800+ employees in 2025.
• Community Lending Specialists Specialized team of community lending specialists that extends banking services, products, and financial education to low-to-moderate income (LMI) neighborhoods and underserved areas, with a focus on first-time homebuyers, credit readiness, and financial planning.
• Mortgage Assistance Center Dedicated mortgage assistance team supporting homeowners facing financial hardship with customized solutions including loan modifications, forbearances, and alternative options to prevent foreclosure. Supported more than 650 homeowners and restructured or deferred $16 million in mortgage obligations in 2025.
• Banzai Financial Education Platform Online financial education platform sponsored by Atlantic Union Bank providing interactive lessons, calculators, coaches, and educational content covering budgeting, borrowing and credit, fraud protection, housing, insurance, investing, retirement, running a business, saving, and taxes. Available in multiple languages. Helped 42,000+ students and 885 educators in 2025.

Quantifiable outcome

• Top SBA 7a lender for Virginia-headquartered banks with over $45 million in loans
• +4 more outcomes

Named customers7 records

Segments8 records

Ideal customer profiles8 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature3 records

Partnerships

14 partnerships are on record, tiered core and minor.

• Better Housing Coalition (BHC)coreStrategic or Co-development PartnerAtlantic Union Bank partnered with Better Housing Coalition to finance Winchester Forest, a new multi-family housing community in Chesterfield County, VA. The project adds to the 60-acre Winchester Greens campus with 240 multi-family units and 234 senior living units. Designed for individuals/families earning 40%-60% of area median income.
• Feed MorecoreStrategic or Co-development Partner$250,000 donation to support Feed More's mission to nourish communities. Donations enable 4 meals per dollar. AUB ran food drives resulting in 6,000+ pounds of food donated. Teammates volunteer time. Feed More distributes 2,000 backpacks weekly to children and 3,000 meals daily to community.
• Tech for TroopscoreStrategic or Co-development PartnerPartnership with nonprofit empowering under-resourced Veterans with digital skills through training, education and technology. AUB donates refurbished electronics (valued at $475,000+) and awarded $10,000 grant in 2025. Teammates volunteer including Enterprise Technology team refurbishment and board leadership, bankers deliver financial education workshops.
• Chesapeake Bay FoundationminorStrategic or Co-development PartnerEnvironmental education sessions during Earth Week 2025. More than 130 Teammates participated in sessions led by Chesapeake Bay Foundation.
• Virginia Master GardenersminorStrategic or Co-development PartnerEnvironmental education sessions during Earth Week 2025 led by Virginia Master Gardeners.
• United WaycoreStrategic or Co-development PartnerDollars for Doers program matching volunteer hours with donations to United Way affiliates. November 2025 Month of Caring included $5,800 donation match.
• American Heart AssociationminorStrategic or Co-development PartnerNation of Lifesavers lunch and learn during Month of Caring. Teammates trained in CPR and AED use.
• Ronald McDonald House Charities (RMHC)minorStrategic or Co-development PartnerSandwich Showdown competition across 6 RMHC locations producing 379 lunches for families.
• Central Valley Habitat for HumanitycoreStrategic or Co-development PartnerCollaborative effort supporting development of 21 affordable housing units in Harrisonburg, VA (Suter Street project). Consumer Banking assisted with business accounts and personal lines of credit, Wholesale Banking provided construction financing, Mortgage supported prospective buyers.
• Virginia Bankers Association (VBA)coreStrategic or Co-development PartnerFellowship program providing students from Virginia's community colleges with hands-on banking experience, professional development and industry leadership engagement. Fellows completed 900+ hours of community service. VBA School of Bank Management attended by 44 Teammates in 2025.
• BanzaicoreTechnology or IntegrationOnline financial education platform sponsored by AUB. Helped 42,000+ students and 885 educators. 173 sponsored schools, 14,740 workbooks ordered, 84 new teachers, 3,748 total student sign-ups. 80% average post-test score vs 56% pre-test.
• Boys and Girls ClubsminorStrategic or Co-development PartnerPartnership with after-school programs to introduce younger students to career pathways in financial sector.
• Virginia State UniversityminorStrategic or Co-development PartnerProfessional clothing donations through Green Vibes Professional Clothing Drives supporting students seeking employment.
• SBA (Small Business Administration)coreChannel Partner/ Reseller/ DistributorPreferred SBA Lender offering 7a, 504 and Express loans. Top SBA 7a lender for Virginia-headquartered banks with over $45 million in loans in 2025. Relationship Managers guide business owners through SBA lending process.

Scale indicators26 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Cadence Bank: CADE is a $50B-asset regional bank serving the South and Southwest with commercial banking, treasury management, and wealth services—similar asset size and full-service business banking model to AUB but operating in different geographies.
• FNB Corporation: FNB is a ~$45B-asset regional bank operating across Pennsylvania, Ohio, Maryland, North Carolina, South Carolina, Virginia, and Washington D.C.—sharing AUB's mid-Atlantic footprint, full-service commercial/retail banking model, and similar asset size profile.
• United Bankshares: UBSI is a regional bank with ~$30B in assets headquartered in the mid-Atlantic (WV/VA/MD/DC), offering commercial banking, mortgage lending, and wealth management—directly overlapping AUB's geographic footprint and product mix.
• TowneBank: TOWN is a Virginia-headquartered community bank (~$17B assets) operating across Virginia, North Carolina, and South Carolina with relationship banking focus and small business lending emphasis—sharing AUB's Virginia heritage and Southeast expansion strategy.
• Pinnacle Financial Partners: PNFP is a regional bank with comparable asset size (~$50B) operating across the Southeast, focused on relationship banking, commercial lending, and small business services—closely mirroring Atlantic Union Bank's mid-Atlantic footprint and SBA lending emphasis.
• First Citizens BancShares: FCNCA is a $200B-asset regional bank serving the Southeast and mid-Atlantic with full-service retail, commercial, and wealth management—similar diversified regional banking model to AUB but at much larger scale following CIT Group acquisition.
• Fulton Financial Corporation: FULT is a $25B-asset regional bank serving Pennsylvania, New Jersey, Maryland, Delaware, Virginia, and Washington D.C. with full-service consumer, commercial, and wealth banking—directly overlapping AUB's mid-Atlantic footprint.
• WesBanco: WSBC is a Mid-Atlantic and Midwest regional bank (~$20B assets) operating in West Virginia, Ohio, Pennsylvania, and Virginia, providing retail banking, commercial lending, and wealth services—a similar mid-size regional bank model to AUB.

Broad incumbents

• M&T Bank Corporation: MTB is a much larger ($200B+) super-regional bank operating across the Northeast and mid-Atlantic with full-service commercial banking, similar commercial/retail banking model but at significantly greater scale and broader geographic coverage.
• Truist Financial Corporation: TFC is a major super-regional bank (~$500B assets) headquartered in Charlotte with significant Virginia and mid-Atlantic presence—competing directly with AUB across commercial, mortgage, and wealth management lines at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/xenith-bank

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about Xenith Bank