Atlantic Union Bankshares Corporation and Sandy Spring Bancorp, Inc. have received regulatory approvals from the Federal Reserve Bank of Richmond to complete their merger. The all-stock transaction will result in Sandy Spring Bank merging with and into Atlantic Union Bank. As of December 31, 2024, Atlantic Union Bank had 129 branches and 148 ATMs in Virginia and parts of Maryland and North Carolina. Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, operates over 50 locations and offers a range of banking, mortgage, private banking, and trust services in Maryland, Virginia, and Washington, D.C. The special meetings of Atlantic Union’s shareholders and Sandy Spring’s stockholders are scheduled to be held on February 5, 2025. As a result of these announcements, the company's shares have moved 1.9% on the market, and are now trading at a price of $32.28. If you want to know more, read the company's complete 8-K report here.
Bank Merger – Sandy Spring Bancorp and Atlantic Union Bankshares Approved
By
Tamara Parker
• Tuesday, January 14 10:22 •
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